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EMPLOYEES PROVIDENT FUND Versus PUBLIC PROVIDENT FUND, WHICH IS BETTER? In the current scenerio there are several options for tax savings including Employees Provident Fund, Public Provident Fund & National Pention System. Peoples planning for thier retirement focuses on Employees Provident Fund or Public Provident Fund however they confused Employees Provident Fund (EPF) is regulated by the Employees Provident Fund Organisation (EPFO) and will be just for salaried individuals. This is savings scheme that's related to employees of a business with over 20 employees or for employees whose salary is above minimum on the opposite side Public Provident Fund (PPF) is provided by banks and post offices for everybody else, irrespective of whether you are salaried or Purchasing Employees Provident Fund (EPF) is required for its salaried, provides the organisation you are working in conforms to the Up to 1-2 per cent of one's fundamental salary + Dearness Allowance (DA) is deducted and contributed to a EPF account. Besides this, your Employer's participation, that is corresponding to yours. If you would like to boost your donation to EPF, then you can request your company and employ for a Voluntary Retirement Scheme (VPF), which is definitely an expansion of EPF. Remember the VPF gifts are completely up to youpersonally, and while you may boost your donation, your employer isn't PPF is also a voluntary retirement scheme that has been introduced to boost savings for retirement. In one economic year, you can earn a minimum deposit of Rs 500 and a maximum of Rs 1.5 lakh. The gifts can take lumpsum or in instalments. The rate of interest on Employees Provident Fund (EPF) is declared by the EPFO every year. For the time being, it is 8.55%. The Public Provident Fund (PPF) interest rates are linked into this 10-year government bond yields and vary on a quarterly basis. The past quarter of this maturity amount you get if your Employees Provident Fund (EPF) grows is examted from tax only if you have a track record of