Curious About GPF? Understanding Deductions and Who Can Benefit from It

hr krishna
Please explain about GPF. How do we deduct it, and who is eligible for GPF?
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GPF, which stands for General Provident Fund, is a savings scheme primarily available to government employees. The deduction for GPF typically constitutes a percentage of the employee's salary, contributed regularly to the fund. Employees eligible for GPF include government officials, teachers, and other public sector workers. This fund serves as a secure savings avenue for employees throughout their service tenure.
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