These 5 big advantages of PF account, even after life, even after life.

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Provident Fund (PF):- is the capital of life after retirement, after any person. The PF account holder not only gets a pension but also has many other benefits, so that his family is safe.



Provident Fund (PF) is the capital of life after retirement, after any person. The PF account holder not only gets a pension but also has many other benefits, so that his family is safe.

You can increase your pension significantly by increasing contributions to your EPF account. That is, the mandatory 12 percent of your salary goes into EPF account, you can increase it voluntarily and 12 percent. That is, if your salary is 15 thousand rupees then your employer will deduct 1250 rupees and deposit it in your EPF account.

Tax Expert of Anil K According to Srivastava, but here you can voluntarily cut 1250 rupees from your salary every month. This will double the amount deposited in the EPF account, which will affect your pension after retirement.

More benefits of EPF account

The EPFO ​​gives a lot of flexibility to employees coming under the Employees Pension Scheme (EPS). For example,
1. Pension to the account holder and wife: Pension begins to meet age 58 years.
2. Widow pension: If the EPF account holder dies, then his widow will get lifetime pension. Yes, if she takes another marriage, the pension will be closed. Plus 2 children get 25 percent additional pension.
3. Pension to orphans: If PF is not the account holder's wife then 2 children will get 75 percent of the pension fixed till the age of 25.
4. On Disability: If an EPS account holder becomes Disability, then he will get lifetime pension.
5. Early Pension: Any EPS account holder can apply for early pension after completion of 50 years. But it will be conditional.

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