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MICRO Blog
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EPF Contributions Above Rs.2.5 Lakh: Why That "Taxable Account" Never Really Goes Away
If you're a high-saver relying partly on EPF/VPF to build a large, tax-free retirement corpus, there's a rule that quietly changes the math. The Rule, in Brief Since FY 2021-22, interest on an employee's own contribution to EPF/VPF is tax-free only up to Rs.2.5 lakh per financial year. Contribute more than that in a year, and the interest earned on the excess is taxable in your hands as "Income from Other Sources," with TDS deducted at source. This only applies to the employe
Aug 172 min read
Money conversations with kids
My 7.5 years old daughter recently asked me out of curiosity about the exact nature of my job. I explained in simple terms “I help people manage their money and how they should save for the future. If they use it all up now, they can be in trouble later”. She quickly blurted out her […]
Jul 11, 20221 min read
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