Employee Pension Scheme - 8.33% of an employer’s contribution is deposit to the Employee Pension Scheme.The Employee Pension Scheme is working after their retirement at the age of 58 years. This Scheme may be called the Employees' Pension Scheme, 1995.
Exempt from income tax – Tax SavingUnder 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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