The mechanism clearly demarcates as to what would constitute a Non-Taxable Contribution.
! This scheme gives benefits up to Rs.
The compounded tax free interest and the maturity ensures a good.
However, the features, the contributions, the terms and conditions, and the accrued benefits of all the three types of provident funds vary.
Can employees contribute less than 11%? But since this is a simple calculator, we keep it at 3.
The employer will also contribute to the provident fund of the employee of his or her company.
The three major tax benefits of this scheme are that it is exempted from: Along with the above mentioned 3 tax benefits, there are other benefits that are mentioned below: An employee can contribute up to 100% of their total basic salary and dearness allowance.