5 benefits of having an EPF account

Employee Provident Fund (EPF) is one of the most tax friendly retirement tool. It gives tax benefit under section 80C of the Income Tax and if an employee continues the account for 5 consecutive years then withdrawal is totally tax exempted. The interest rate for the financial year 2014 is 8.75 per cent for EPF which yields more or less equal returns as any other other debt products available in the market. We take a quick look into 5 benefits of having an EPF account.

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