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Wednesday December 7th 2016
Technopark Living

EPF rates hiked to 9.5%

Good news for salaried professionals! The Employees’ Provident Fund Central Board has decided to hike the EPF rates from 8.5% to 9.5%. The move certainly brings cheers to all in the organized sector who are members of this government-guaranteed tax-free-on-maturity scheme. Since EPF also has tax exemptions under Section 80C, this savings instrument emerges the clear winner without competition, among all guaranteed long-term savings schemes.

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