What Is Employee Provident Fund or EPF?

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What Is The EPF?

This fund was createdwith the purpose of providing financial security to the salaried class of employee’s and stability during their retirement years. Its purpose is to help employees save a fraction of their salary which will aid them when they are no longer fit to work or when they reach their retirement age. The investments made by the employees are pooled together and invested in a trust. Here an organization with over 20 employees working in any of the stated industries as per governmental regulations should register with Employee Provident Fund Organization. Typically 12% of Basic, Dearness Allowance, and Cash value of food allowance has to be contributed to the Employee Provident Fund.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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These Application Forms can be used for buying regular mutual funds also

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8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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