Explain about EPF , Gratuity, Bonus and other employee benefits.

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Accepted Answer

EPF, Gratuity, Bonus and other employee benefits are financial incentives provided by employers to their employees.

EPF (Employee Provident Fund) is a retirement benefit scheme where both the employee and employer contribute a certain percentage of the employee's salary towards a fund that can be withdrawn upon retirement.
Gratuity is a lump sum payment made by the employer to the employee as a token of appreciation for their long-term service. It is usually calculated as a percentage of the employee's salary and is paid out upon retirement or resignation.
Bonus is an additional payment made by the employer to the employee as a reward for their performance or as an incentive to motivate them to perform better.
Other employee benefits may include health insurance, life insurance, paid time off, flexible work hours, and other perks that are designed to attract and retain talented employees.

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