EPF is not TAX-FREE anymore, T&C apply | Rules you should know

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Turns out EPF (a tax-free savings scheme) has a lot of tax rules and real tax liabilities in certain cases. In this video, I break down each of those cases to help you whether you need to pay any kind of tax on your EPF or Pension money. The latest rules and regulations regarding EPF withdrawals and their tax implications. We will cover topics such as the taxable portion of EPF withdrawals, the conditions under which EPF withdrawals are subject to tax, and the applicable tax rates. We will also discuss the impact of these changes on your overall financial planning and suggest strategies to mitigate the tax impact.
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Chapters:
0:00 Introduction
1:00 Why is not completely tax-free?
1:34 Tax on Contribution
3:53 Tax on Interest
7:32 Tax on Withdrawal
9:46 Tax on Pension
11:05 Curious Question
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PLAYLISTS :
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#epf #pf #tax #LLA

[exhindujay]

It reminds British era, as we had read in books britishers were trying to put as much as tax possible on poor Indians, something similar Govt is doing with salaried/middle-class

[TheConfirmist]

The Tax Poem
Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.

Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.

Tax his chew, tax his smoke,
Teach him taxes are no joke.
Tax his car, tax his grass,
Tax the roads he must pass.


Tax his food, tax his drink,
Tax him if he tries to think.
Tax his sodas, tax his beers,
If he cries, tax his tears.

Tax his bills, tax his gas,
Tax his notes, tax his cash.
Tax him good and let him know
That after taxes, he has no dough.

If he hollers, tax him more,
Tax him until he’s good and sore.
Tax his coffin, tax his grave,
Tax the sod in which he lays.

Put these words upon his tomb,
"Taxes drove me to my doom!"
And when he’s gone, we won’t relax,
We’ll still be after the inheritance tax.

[yeshnth]

Considering the amount of money we pay for fuel, we need a law to get tax benefit while filing IT returns for fuel.

[s.k.bansal]

No Words for explaining this technical simplicity, just to say "The End"

[dearvivekkumar]

Last year this lady was saying that she want to make the taxation simple.

I guess she forgot about that 😂

[rupalikapoor]

Sir, donation to political party par 1%tax ho to Bharat sarkar ka khazana bhar jayega.

[Desireanshu]

Now they are after our retirement funds. What George Carlin said about Govt is getting true each day

[vacate]

PF itself is tax which govt pays back after years of holding on to it

[keshavsharma]

At times it seems that Government willingly keeps such schemes tricky and cumbersome and because of that there is big unclaimed amount persists with the PF department🏬

[ranitdey]

This govt is in search to collect every possible way to finance their political conveniences

[bsaisrikar]

Okay I am gonna say this now. Whenever a new video is released by you, there will be an immense pressure on the other financial channels. That is the power of information which is being shared through your content. Now, this is what we should call “content creators” or “INFLUENCERS”. Kudos to you guys. :)

[akshaymendole]

The most comprehensive video on tax liabilities on PF after finance budget 21 that I was looking for. Thanks a lot.

[ankit]

A high time all the taxpayers form something like "Income Tax Payers Asscociation" and oppose this high tax regime.

[sadiquehaque]

thode din me oxygen tax aney wala hia, Oxygen lene pe tax

[crimsoncanvas]

This PF change is OK. But 2.5lacs is very less. I generally contributed 15-20k in VPF even though I am in 20% bracket. The limit should have been atleast 4.5 lacs, I believe.

[SujjuBabu]

It's so f*-king frustrating how much tax the middle class has to pay in India because there's no clear benefit despite paying so much. it's actually better to leave the country and settle in Germany or somewhere. At least there tax actually justifies the benefit of health insurance, education etc

[amansapra]

Well I know now, that in the next elections whom I am not going to vote for😂. It is like putting a person who is earning above 10 LPA and a person earning 1Cr in the same bracket. There should been a larger slab atleast 5 lakh, 2.5 is too less, that's what I believe

[shaiks]

Didn't see someone explain PF in such simple ways. Thank you sir.

[akhtar]

I remember how many of my hindu friends in past use to call congress chor but now they all know their fav party is chor ka baap but can't utter a single word 😂😂

[prasadbm]

Govt is literally bringing everything is possible into the tax bracket now. But we are expecting growth of our country in same phase which is not happening.

Job crisis, food crisis, fuel hikes, former pain, inequality, literacy progress, education to all, medication to all, lots of issues....

Poor are becoming more poorer and rich are getting more richer... imbalance...