Wednesday, June 29, 2011

What is the differences between EPF, GPF and PPF?

EPF / GPF / PPF

EPF- Employees Provident Fund
GPF - General Pension Fund
PPF - Public Provident Fund

GPF - General Provident Fund which is for the Government EmployeesPPF - Individuals can save to a maximum of Rs.70000/- in a year in the account. Account can be maintained in a Post Office.EPF - Employees Provident Fund for Private sector where 12% of Employees share and 12 % of Employer's share of Basic Salary + DA is deducted and remitted to PF Authorities

PF vs PPF: What's the difference ?
1. What is PPF and PF?EPF/ PF (Employees Provident Fund / Provident Fund)
The Employee Provident Fund, or provident fund as it is normally referred to, is a retirement benefit scheme that is available to salaried employees.


Under this scheme, a stipulated amount (currently 12%) is deducted from the employee's salary and contributed towards the fund. This amount is decided by the government.
The employer also contributes an equal amount to the fund.

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