Friday, July 4, 2014

What is EPF, GPF and PPF?



GPF – General Pension Fund. General Provident Fund which is for the Indian Government Employees.

PPF – Public Provident Fund . Individuals can save to a maximum of Rs.1,00,000/- in a year in the account. Account can be maintained in a Indian Post Office & Bank.

EPF – Employees Provident Fund.  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.