What Are The Income Tax Benefits On EPF Contribution
Introduction PF Registration means Provident Fund which is governed by EPFO. The government introduced these kinds of funds to provide various economical supports to employees working for organizations. Employers and employees contribute some amount from their salary to the PF fund which can be used for employees as their savings. These savings earned by the employees can be used later for their personal use. As the world is slowly entering into a digitized universe, EPF registration online can be assumed as a vital aspect of the process. With that certain aspects are also important such as “income tax benefits on EPF contribution” What is EPF? EPF is Employees Provident Fund (EPF), a scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. Such schemes are targeted to benefit the employees when they retire from the job—their other methods as well, which are destined to maximize the benefits for such employees. INCOME TAX BENEFITS ON EPF CONTRIBUTION A