VPF vs PPF vs Bank FD: Which one is better; why several employees invest in VPF
Time is changing and demands are increasing. People are working day and night to meet those demands and to have a secure future for themselves and their families. The Government of India offers several investments to help you save for your retirement. By investing in these investments, you can get assured returns on your savings making a happy life post-work or retirement.
The new Provident Fund(PF) rule introduced recently could be a piece of bad news for some employees. It states that the interest earned on the excess amount in the PF account of an employee will be levied with tax now under the case If the total input towards the PF account of an employee exceeds Rs 2.5 lakh in a year. The interest earned will be taxed as a bank fixed deposit(FD).