What is the first investment option that comes to the mind of any salaried person? It is undoubtedly EPF. Employees Provident Fund (EPF) has long been a preferred investment option of the salaried class in India.
Multiple benefits like tax exemptions, building a corpus fund for retirement benefits, etc. and easy deductions from the salary of the person make it a very lucrative and easy investment destination. Another important advantage of EPF is that it belongs to the Exempt-exempt-exempt (EEE) category where the contribution made, the interest earned and the amount received at the end of maturity is not taxable under the Income Tax Act, 1961.