The Employees Provident Fund (EPF) are feasible options for saving money. EPF enables one to save regularly, which can grow into a considerable amount by the time the user retires. Although both the saving options give tax benefits. Tax Benefits: Under section 80C, the employees’ contribution to EPF is allowed to be deducted up to Rs 1,50,000. This is the maximum amount that can be deducted from a subscriber’s basic salary.