#epftaxrules #budget2021 #themoneymaster
Hi guys, in this video, we’re going to talk about the new rules for Tax on Interest income earned on EPF contribution.
According to the latest circular of CBDT, interest earned on an employee’s contribution above Rs 2.5 lakh in a year will become taxable in the hands of the employee while for the government sector employees, the monetary ceiling shall be Rs 5 lakh.
Watch the video to know complete details about the new epf tax rules.
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Link do Vídeo
What do you think about the New EPF Tax Rules 2021?
Giving example of HNI 1 crore monthly contribution and taxing 2.5 lakhs + .. Such an idiotic decision of Govt.
Hi, Thanks for informative video.
I've a doubt, Let us say a person earns 10LPA & invests 2.5LPA in EPF/VPF. Then his taxable income will be 7.5Lac or 8.5 Lac?
1) If I consider non taxable contribution of 2.5Lac in EPF/VPF then Taxable amount will be 7.5Lac
2) If I consider tax exemption wrt old tax regime u/s 80C then his taxable income is 8.5Lac.
Please share your thoughts on this.
Very valuable info. Just want to know The interest for 21-22 & 22-23 will be added after completion of financial year 2022-23 . Then onward yearly wise as done earlier. Any info
Hi, why the limit for private employees is 2.5lakhs and for govt 5 lakhs… this is absolutely not logical. any idea, has this gone to court by now…
What about VPF contribution
best jee
Wrong information
Fantastic video mam. In this regard want to know what should be my estimated income from EPF ? Is it only the summation of interest acquired from the taxable EPF contribution (excess contribution beyond 2,50,000) by employee in 2021-22 & 2022-23 or summation of all interests acquired from the taxable EPF contribution from beginning (before 2021-22) ?This information is required to fill in form-15G during EPF withdrawal. Please revert.
Very informative video..Thank you.
On the High net worth taxing . The statement is contradictive.. Epf is basically for employees life time savings after retirement. Do you think the HNW would need to contribute IN EPF for retirement?
Government sector 5lakh how?
Hello Mam,
It Would be really great, if you could describe all things in Hindi.
Thanks & Regards
Nitin
Kya faaltu ki baat kar rahi ho apne super rich logo ki
This is cheating with salaried people
Farmers ko 6000 milta he to salary people ko kyu nahi milta. Isme salo se tax nahi lagate wo nahi dikhta.
how employer know the interest amount
Agar mai government employee hu aur fy 2021-22 me Mera contribution Mera 3 lacs hua aur fy 2022-23 Mera contribution again 3 lacs hua to kya mujhe tax bharna hoga.
Very informative
This video clears me most of queries. But have one query with VPF.
As an example someones basic per month of private sector (software engineer) is : 200000 and his EPF contribution is : 24000 per month i.e 288000 per year
And say she/he contributing another 10,000 on and above 24000 as VPF contribution. i.e 120000 as VPF contribution.
Total EPF + VPF = 408000
Now as per new rule , is 408000 is considered (effective 408000 – 250000 = 158000) as taxable amount or
288000 – 250000 = 38000 is considered as taxable ??
If a person who is contributing as VPF (can do up to 88%) also considered as taxable income or only if 12% which is employee default contribution crossing 2.5 is considered ?
Please answer thank you.
Madam PPF me maximum 1,50,000 invest kar sakte hai na ?? To phir 2,50,000 ka sawal kaha aata hai ??
Very bad explanation
Good one. Please make an example file for Rs 50000 contibuted govt employees
What effect on partial withdraw
Hi, how will i be calculated interest portion in March'22 as interest is not notified by the governemnt yet for the FY 21-22. ??
whether withdrawals made have any effect here?
I am hearing that the extra contribution and interest on extra contribution both would be taxed as per individuals tax bracket.. Can some one clarify..
Yes intt on both
EPF में govt employee नही आते।
Public sector unit is government or will it be taken as private?
Govt employees ka yearly 2.5 lakh se upar bt 5 lakh se niche Agar paisa rhe to tax dena padega?
Explain me in simple, and precised way the tax slab details to withdraw PF ( corporate employee). Does the tax is levied for the PF amount of Rs -65,000?
Deposit in EPF is monthly. Considering Ram deposited 25k per month and upto 10 months it was less than 2.5 Lakhs. So 25000 + 25000 for last 2 months accrued interest only for 2 month and 1 month. So you will not get interest for the whole year and your interest will be less than 500. Why you are conisdering interest 50000* 8.5% as 4250. It will only happen if the entire 3Lakhs rupees is deposited at the beginning of the financial year which doesn't happen actually.
Does this limit of 2.5 Lakh includes both Employee and Employer contribution. Or does this includes only Employee contribution
Mam my question is arar 21-22 ka ppf ka invest ka upar tax to 21-22 ma da diya to usko 22-23 fy ma ku dau only 22-23 ma to 22-23 ka upar hi to tax payment hoga, i dont under stand this and margin rate of tax kya hai pls boliya
Mene meri purani company ka pf balance new company me transfer kara liya h.. Or dono company ka mila k meri service more than 5yrs ho gai h.. 2+3yrs.
Ab me online pf withdrawal karunga to tax dena padega.?
Tax free ho
Indian Govt Killing middle class families
Well explained ❤️❤️🙏🙏🙏