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5 Important things to keep in mind for PPF and EPF








EPF deduction from salary comes under 80c section and there are limit of 1.5 lacks that you can show under 80c section and save tax. Most of the salaried employee invest in PPF account. These are the most important point we should keep in mind for better returns.

1) if you are thinking to invest lumpsum amount in PPF, try to invest in as early as possible after the start of new financial year. This will help you in getting rid of last moment hurdle and fetch more return.

2) Do invest before or by 5th of every month. Interest calculation happens for the month on the amount available on 5th of every months. In this case you will get interest for the month. If you deposit after 5th, you will loose interest for the remaining days of that month and interest calculation will only happen after next month on the deposited amount.

3) If you don't have UAN number for EPF account, ask employer and get it.

4) Once you have UAN number, go to EPFO website and activate it.

5) Add your required document like PAN number, Aadhar number under KYC section for being KYC compliant.


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