Oct 17, 2024
EPF is a tax-saving investment option available to employees. Here's a comparison of EPF with other tax-saving investment options:
Comparison: EPF provides a fixed interest rate declared by the government, while other tax-saving investment options such as ELSS, NSC, PPF, etc., provide market-linked returns.
Benefits: EPF provides a life insurance cover, which is not provided by other tax-saving investment options. EPF contributions can be claimed as tax deductions under Section 80C of the Income Tax Act, up to a maximum limit of Rs. 1.5 lakh.
By comparing EPF with other tax-saving investment options, employees can choose the option that suits their investment and tax-saving goals.