EPF contribution in salary
What is the Epf component in ur salary and which is good?
Give 12% of ur life salary to govt and at 60 try getting ur money out and the babus in office will rehect ur claim so that they can grt some bribe. Also the way govt treats salfied class pretty soon they ll bring a law in which u will never get ut own money easily( easily being the part. They cant stip it but when u are 0.3 % of population who cares) better get ur taxed money and invest urself pretty aure even after 30% tax u ll make more than 7% givt offers tax free and with time this % will reduce drastically
Which era you are living in? All claims and settlement are digital now, no babus involved per se. Although there are some hiccups in getting things updated in PF portal but if your details are right, no issue in getting your money back.
When it happens with u then only u realise and it has happened with me . My claim has been rejected bh babus in office when it was supposed to tranferr to new company. My hard earned money vanished poof in air. Now its neother in old nor new pf . All grievances are disposed by same babus who are there by uaing aome caste quota and now wants a piece. I suggest u to wait till 60 and see what happens
same 1800, why will anyone choose any other option, why would you give ur hard earned money to gov to safekeep for 30-40 years with min returns. invest in property gold sip portfolio.
12% from employe and 12% employer both taken from your CTC.
1800 only.. Invest the rest in SIP
I wish I could cancel PF and get that as take home salary, PF is loss for me
Tax free now, tax free at the maturity
Other investments are fine but this is a diversification, one should not put everything in sip or gold or real-estate, those who are earning decent can have both and those who are not they are already taking home without tax so let it be as is.
Only benefit I see is that the employer contribution becomes tax free anx the employee contribition is eligible for 80C I keep it at 12% of basic for these reasons, otherwise I would never trust the government with my money.
If the employer contribution out of your package go for 12%basic otherwise choice 1800
