Employee Pension Scheme - 8.33% of an employer’s contribution deposit to the Employee Pension Scheme. The Employee Pension Scheme is starting, when an employee retires at the age of 58 years. This Scheme is under the Employees Pension Scheme, 1995.
Exempt from income tax – Tax saving under Section 80C in Income Tax Act an employee account is eligible for tax exemption. The maximum limit of exemption can be availed Rs. 1.5 lakh
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