More returns than FD & no tax 🤩 📍VPF is a tax saving alternative under the EEE category (Exempt on contribution, Exempt on interest/return & exempt on maturity) 📍It is managed by goverment of India and earns set interest so it is seen as a risk free investment 📍 Currently the interest rate on VPF is 8.1% which is higher than other government schemes like PPF, SSY, etc and higher than most leading bank FDs 📍VPF is an extension of EPF. So, salaried employees having an EPF account qualify for
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More returns than FD & no tax 🤩 📍VPF is a tax saving alternative under the EEE category (Exempt on contribution, Exempt on interest/return & exempt on maturity) 📍It is managed by goverment of India and earns set interest so it is seen as a risk free investment 📍 Currently the interest rate on VPF is 8.1% which is higher than other government schemes like PPF, SSY, etc and higher than most leading bank FDs 📍VPF is an extension of EPF. So, salaried employees having an EPF account qualify for
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Prof. Vinny Arora on Instagram: "8.2% Tax Free Interest with 100% Safety VPF or Voluntary Provident Fund: It is an additional (optional) amount that you can contribute from your salary into the EPF monthly. You can do so by informing your employer. Features: • Pays 8.2% interest currently, higher than most debt instruments • You can contribute up to 100% of Basic Salary to VPF • Employer will not match this VPF amount like EPF • 100% safe as it is backed by the government. • EEE or Exempt Exempt
Prof. Vinny Arora on Instagram: "8.2% Tax Free Interest with 100% Safety VPF or Voluntary Provident Fund: It is an additional (optional) amount that you can contribute from your salary into the EPF monthly. You can do so by informing your employer. Features: • Pays 8.2% interest currently, higher than most debt instruments • You can contribute up to 100% of Basic Salary to VPF • Employer will not match this VPF amount like EPF • 100% safe as it is backed by the government. • EEE or Exempt Exempt
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