Technical Jhaji

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EPF, Aimed at promoting long-term retirement savings, under the EPF scheme, the employer and the employee each contribute 12% of the employee’s basic salary. The employee can transfer the contributed EPF amount from one organisation to another if there is a change in job or withdraw the money if unemployed. The EPF account holder can withdraw 75% of the total EPF if he/she is unemployed for a minimum of one month and the remaining 25% can be withdrawn after 2 months of being unemployed. The employer contributes 8.33% of the 12% towards the EPS account while the remaining 3.67% goes into the EPF account. The entire 12% contributed by the employee goes into the EPF account. If all the KYC details are updated on the EPFO website, the employee will be able to place a request online for the withdrawal of the EPF amount. If the KYC details do not match, the employee will need the help of the employer to withdraw the EPF amount. Benefits of EPF Some of the key benefits of EPF are: For ...

In this educational video, I will explain you different ways to save tax if you are an employee in any job or are a self employed person. Tax Saving is generally a result of making the right kind of investments. Our government specifies what kind of investments we can make to save tax, under Section 80C of Income Tax Act. The best ones which I explain in this video are EPF (Employee Provident Fund) , PPF (Public Provident Fund) and ELSS (Equity Linked Savings Scheme). I explain how to invest in each of the cases. Guys If you like my videos, Don't forget to subscribe my Channel :) https://www.youtube.com/c/Technicaljhaji