New Delhi : While working somewhere, your PF money is being deducted, then this news is no less than a boon for you. Recently, the government has transferred interest money to the account of PF employees.
About 7 crore employees have benefited greatly from this. Anyway, the government keeps making new announcements for PF employees. In such a situation, it will be necessary to know that how much benefit of PF you are going to get in future. If you did not withdraw a single penny from PF account, then what big benefits will you get after retirement. To know these things, you have to read our complete news.
This much money is deducted from salary for pf account
For information, let us tell you that for PF employees, about 12 percent amount is deducted from the salary. This amount is deposited in the account in the form of PF. The same amount is transferred to the PF account of any company. The government also pays about 8 percent interest on this amount annually. This amount is deposited with EPFO. Many people withdraw this PF money in advance but some employees do not withdraw this money. In such a situation, it will be necessary to know that if you are not withdrawing money from PF account, then how much profit will be there.
Employee gets pension
If you retire while doing a job, then you get a bumper benefit. According to the EPFO rule, 12 percent of the employee’s salary and DA goes to the PF account every month, out of which about 8 percent is also sent to the pension account by the companies. With this you get the benefit of pension every month.
Employees get discount on tax
For information, let us tell you that you are given a tax rebate of up to Rs 1.50 lakh in a financial year in EPF. This tactic can be yours for free if you withdraw it after retirement.
