In the EPF scheme, employees need to contribute 12% of their basic income each month, and their employer matches this amount If you are a salaried individual and want to ensure that you can handle your daily expenditures while maintaining your lifestyle, you need to save enough money for retirement. This is where you may benefit from the Employee Provident Fund (EPF). EPF is a savings scheme designed to help people build a nest egg for retirement. It was established under the Employees’ Provident Funds Act in 1952 and is now managed by the Employees’ Provident Fund Organisation (EPFO).
In […]
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