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Compound Interest On Employee Provident Fund Deducted By Govt Of India
Is it permissible to take the Compound Interest on Employee Provident Fund deducted by Govt of India.
This fund is cut by Govt from our salary and provides apporx. 8% interest every year.
Could you please provide some light on this. Do we have to only take the principal amount from Govt and donate the interest. What about the inflation and currency depreciation which hits the principal amount almost more than 7% a year.
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1 Reply
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Compound Interest On Employee Provident Fund Deducted By Govt Of India
updated 1 year ago
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This is a part of your salary which you get later at a stage. There is no responsibility on you that what means are adopted to pay you.
The following video may help you.
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