Increase in Compulsory subscription towards PF is good during retirement period. It makes the retired person independent without living on others..
Actually employee's own contribution does not matter much. He can get similar or even more interest even by investing esewhere. But it is the employer's conribution and pension that helps him more. However an employee is benefitted in one way. If ther were no copulsory contribution, many would spend most of salary and not save anythin for future. All are not far sighted.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Increase in Compulsory subscription towards PF is good during retirement period. It makes the retired person independent without living on others..
Actually employee's own contribution does not matter much. He can get similar or even more interest even by investing esewhere. But it is the employer's conribution and pension that helps him more. However an employee is benefitted in one way. If ther were no copulsory contribution, many would spend most of salary and not save anythin for future. All are not far sighted.
I agree. . Employer's contribution matters. If the amount is utilized for a rainy day or for leading a good life after retirement.it will be very useful. One can lead a self sufficient life.
