Provident Fund: A 4-in-1 benefits salary component

In EPF, employees contribute 12%, while employers contribute 3.67%. The EPFO invests it, helping employees earn an 8-8.5% annual return. The remaining 8.33% of the employer’s contribution goes to the Employee Pension Scheme (EPS). Employees also get life insurance up to ₹7,00,000 under EDLI. Employee contributions are eligible for tax deduction under 80C.