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Investing Bites
@investing_bites
Stock Markets. Long-term investing. Have exposure to India and US market.
May 22, 2022 • 5 tweets • 2 min read
#EPF tax rules understanding

Employee contributions above 2.5L in FY will be taxed on the "interest earned"

EPF rate FY22 - 8.1% For example, you have made a 5L total contribution to EPF (Only employee contribution counts here and employers!)

5-2.5L = 2.5L additional contribution

Let's say in you're in a 30% tax bracket
EPF rate is 8.1%

2.5L*8.1% = 20250 interest earned

20250*30% = 6075 pay tax