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NIFTY 5024,682+0.42%SENSEX81,456+0.38%S&P 5005,897+0.61%NASDAQ19,247+0.78%BTC/USD$67,420-1.2%ETH/USD$3,510+0.55%GOLD$2,345+0.19%USD/INR83.42-0.05%RELIANCE₹2,943+0.9%TCS₹3,789+0.45%INFOSYS₹1,634-0.3%AAPL$213+1.1%TSLA$248-0.7%MSFT$432+0.8%NIFTY BANK52,340+0.55%CRUDE OIL$81.4-0.3%NIFTY 5024,682+0.42%SENSEX81,456+0.38%S&P 5005,897+0.61%NASDAQ19,247+0.78%BTC/USD$67,420-1.2%ETH/USD$3,510+0.55%GOLD$2,345+0.19%USD/INR83.42-0.05%RELIANCE₹2,943+0.9%TCS₹3,789+0.45%INFOSYS₹1,634-0.3%AAPL$213+1.1%TSLA$248-0.7%MSFT$432+0.8%NIFTY BANK52,340+0.55%CRUDE OIL$81.4-0.3%

Finance Dictionary

EPF

The Employees' Provident Fund — a mandatory retirement scheme for salaried employees in India. Both employee and employer contribute 12% of basic salary plus dearness allowance, and the balance earns a government-declared rate of interest.

Example

On a ₹50,000 basic salary, roughly ₹6,000 goes in from your side each month and the employer adds a matching contribution.

NPS PPF Section 80C