Employee Provident Fund in Tamil | EPF | complete details

In this video we explained the details of Employee Provident Fund
EPF comprises three different parts:
1. EPF (Employee Provident Fund)
2. EPS (Employee Pension Scheme)
3. EDLI (Employee Deposit Linked Insurance)
It is mandatory for all organizations with more than 20 employees and employees drawing Basic + DA less than Rs 15000
How it works?
The employee contributes 12% and employer contributes 12% of Basic+DA. Depending on your income, there are multiple scenarios
Taxation?
It comes under EEE category
What is special about EPF?
Employer contribution is tax free with a limit of 7.5 L combined across NPS, Superannuation fund and EPF
Withdrawal
- At Maturity/retirement
- 2 months of unemployment
Partial withdrawal - www.epfindia.g...
Section 80 C full details
A) Guaranteed Return - Low Risk Investments
1. Employee Provident Fund (EPF) - • Employee Provident Fun...
2. Public Provident Fund (PPF) - • Public Provident Fund ...
3. Sukanya Samriddhi Yojana - • Sukanya Samriddhi Yoja...
4. National Savings Certificate
5. Senior Citizen's Savings Scheme
6. Tax saving Deposits
B) Market linked - Moderate Risk Investments
7. National Pension System (NPS) - • NPS is Tamil | Nationa...
8. Equity Linked Savings Scheme (ELSS) - • ELSS - Equity Linked S...
9. Infrastructure Investments
C) Insurance linked Products
10. Term Life Insurance
11. Life Insurance Endowment Plans - • What is ULIP and Guara...
12. Unit Linked Insurance Schemes (ULIP) - • What is ULIP and Guara...
D) Others
13. Housing Loan Principal Repayment
14. Children's Tuition Fee
Complete details on 80C: • Section-80Cஇல் 14 வழிக...
EPF in Tamil: • Employee Provident Fun...
PPF in Tamil: • Public Provident Fund ...
NPS in Tamil: • NPS is Tamil | Nationa...
ULIP/LIC & money back plans: • What is ULIP and Guara...
ELSS: • ELSS - Equity Linked S...
Sukanya Samriddhi Yogana: • Sukanya Samriddhi Yoja...
Comparison of 80C: • Section 80C Comparis...
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
Watch Sharemarket for beginners series: • Basics of Share Market...
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[@thinkingtamizha007]

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[@selvarajc91]

சம்பாத்தியத்தை சிறப்பாக சேமிக்க எண்ணுபவர்களுக்கு இது ஒரு சிறப்பான வீடியோ.🙏. சூப்பர்.என் மகனுக்கு இதை forward செய்துள்ளேன்.

[@sangeethar6121]

One of the best youTube channel i have ever seen superb anna

[@thinkingtamizha007]

Thanks for your kind words sister!

[@VishwaV07]

You are doing a great job.. continue the good work, never Stop it

[@saisatheeshkumar2742]

Great job! Very detailed explanation. Please do a video on VPF also.

[@MusicMania1]

All your contents are very detailed and informative.

[@arunkarthick6975]

Vera level bro. Semma informative content and you're explaining it clearly !!!

[@delliganeahraji7856]

Super explanation bro.. great..

[@elayarajag4683]

Super👌 I expect In EPS(Voluntary higher pension scheme) details other vedio...

[@user-ll1nk8wb5v]

Very very useful Bro 👍

[@sindhiyak2266]

Good explanation. We could now understand about EPF easily.

[@rajat1974]

Very detailed and crystal clear explanation. Thank you.

[@rameshhariharan2623]

Sir yapadi sir somuch ibfirmation u are giving. Great sir

[@mdiwakarmba]

Super video bro. Without being tax expert you are able to explain in detail ---- really superb. I am a tax return preparer for the last 9 years, but I usually won't recommend to invest in EPS above 12% for people with less than 15L pa. Many have many perspectives, this is mine. Keep going.

[@rp226]

Oh EPS is not mandatory? But my employer has already deducted around 20k to EPS .if I opt out of EPS now .what will happen to the already deducted amount. Can you clarify?

[@mdiwakarmba]

@@rp226 12% PF is mandatory from employees and employers will contribute 12%, You need not invest above 12% in PF, returns in PF will be less.

[@delliganeahraji7856]

Super explanation 😊😊

[@vsajiaswin]

Clear Explanation bro 👌🏻

[@user-pm1ti6ho6k]

அருமை நண்பரே.... வாழ்த்துகள்

[@physicspraba]

best video sir, one video is enough for subscribing... i did it

[@rajanspv2081]

Really Thanks Brother Very Useful Thanks a lot

[@esokkiyaa929]

Thank you, brother. Detailed explanation

[@sowmiyanarayanaperumal3921]

Thank you bro this information is very useful me. Thanks

[@DhanaDhilip555]

Your all videos are great.

[@dossmib]

It's a great piece of information for the tax payers...but I have a doubt on 15000 Capped employers... if 12% of 15000 is 1800... for 12 months its Rs 21600 that's from employee.. that is the amount we can show for 80C or 21600(from employee)+21600 (from employer) 43200 can we show for 80C

[@thinkingtamizha007]

Employer Contribution up to a certain limit(I think 2.5 L) is tax free. No need to show under 80C. Only employee contribution need to be shown under 80C. In your case only 21600 will be considered for 80C, remaining you can invest in other options under 80C. Check a CA or search latest regulations once.

[@vengateshm2122]

Very useful. Thank You.

[@subramani2985]

Super bro

[@kailashmurali8199]

Good work brother keep going 👍

[@nithyananthamd7566]

1.50 lakhs மேல் முதலீடு செய்ய நினைத்தால் அரசு பணியாளர்களுக்கு அரசு ( employer) பங்களிப்பின் சதவிகிதம்? 2. கடைகளில் வேலை செய்பவர்களுக்கு epf account open செய்ய விருப்பம் இருந்தால் அதன் உரிமையாளர்கள் ஒத்துவரவில்லை என்றால் என்ன செய்யலாம்?

[@charlescharles24]

We people eagerly waiting for our EPF raised pension, please let us know what is happening?

[@TheVijaym8787]

Clear explanation

[@user-gm8js4fv8i]

Super bro.....

[@sudhish.ssudhish.s3162]

Sir ❤❤ wow very useful vedio sir .wonderful explanation sir . Please 🙏 please 🙏 new tax regime paththi deepa oru vedio podunga sir please 🙏 please 🙏

[@thinkingtamizha007]

Alrdy potachu.. link below New Tax Regime vs old Tax Regime - Budget 2023 | How to choose | with Excel Calculator kzbin.info/www/bejne/qZKmeHaehN2GipI

[@Rpradeen]

One clarification ji, how interested calculate ? Whether interest will be calculated for the total amount example a person contributes for more than 10 years. Then how interested calculate? Can you clarify on this

[@poornathree7292]

I have one doubt... 80c via 1.5 Lack exection for tax detation employee contribition Again 1.5 L detation for employer contribution totally 3 lack detation for epf ah

[@SivarajSiva322]

excellent video

[@villageenglishteacher5570]

Make a video for Tamilnadu government school teachers IT form filling brother

[@tussar8212]

I am working in central government. My contribution and employer contributions are being done at NPS. in addition to this, can I invest in EPF also?

[@munisamy8770]

I watched your videos first time today, it really helpful and clearly explained basis of my questions in my mind. Wonderful Job. I have a question about employer contribution. How to get exemption for employer contribution and what is the section come under for deduction? Please share if you got answer for your question.

[@thinkingtamizha007]

Employer contribution is not considered part of your salary.. Hence generally there is no need to claim exemption separately.

[@blue7me]

​@@thinkingtamizha007 Bro, i have the same doubt. How to get exemption? Yes, it is not under 80C, So how it can be exempted. Pls explain

[@benedictjoseph3832]

Pls share a video on super annuation fund

[@kannanp8681]

Thank u brother

[@raguram2740]

Hi pl post VPF advantage and disadvantages and intrest rate

[@yagappaselvaraj334]

For employee contribution, my office system will automatically process it in tax declaration.the remaining amt I have invested in ppf. What about the employer contribution, do i have to declare seperately and will it come under the same 80c

[@munisamy8770]

I have the same question. How to get exemption for employer contribution? Please share if you got answer for your question.

[@yagappaselvaraj334]

@@munisamy8770 I m also looking for the clarification, didn't get yet. I ll let you know if I got anything

[@KokilaM-ms1ic]

brother pension private sector ila so antha 8.33% allowance from employer contribution la epf la add aguma?

[@vijimuniyandi1187]

Sir gud mrng . Veedu kattitu irukken. Wood vangum pothu 25000 GST vanthathu. Antha amounta it calculate pannum pothu deduct panna mudiyuma? Entha section la pannarathu ? Please reply

[@TheVijaym8787]

Employee pension scheme pathi sollunga bro

[@karthis5220]

My brother died in accident pf insurance evlo varum bro? Epadi claim pandrathu....

[@aravindh9846]

Kindly provide the info about Postal Life Insurance

[@rammohans717]

அருமையான பதிவு, employee contribution 12% க்கு மேல பண்ண முடியுமா?

[@thinkingtamizha007]

Yes. But employer has no mandate to do it.

[@dynamicchaser]

Hi bro, very detailed explanation about EPF. Can we contribute even more in EPF, if so how to do it

[@thinkingtamizha007]

Via VPF.. talk to your company HR and payroll dept. They ll help you out.

[@dynamicchaser]

@@thinkingtamizha007 thank you bro!!

[@vethappriyamagi7017]

Small doubt bro If basic +da is 50000& 12% of it will be 6000 ryt how it will 1800

[@subashraja7819]

How can I withdraw amount from EPF without affecting my VPF amount?, as i m able to see in passbook merged with EPF. Incase if I withdraw xxxxx amount from EPF ,does it affects the VPF conditions(5 yrs Lock In Period)...Because I want to withdraw EPF amount without affecting VPF amount and its conditions. IS THIS POSSIBLE?

[@user-sd2ub7ch8c]

Bro already na old pf member I'd la irundhu new member I'd ku amount full ah transfer panniden .ippo andha old member I'd ku pf amount credit agirku romba days kalichi .ippo andha amount epdi bro ippo work panra member I'd ku tranfer panradhu? Pls explain bro

[@kkk8755]

Oru doubt Sir, I have EPF and PPF. If 1.5 is achieved only through EPF itself, will I not get the intrest for PPF.

[@thinkingtamizha007]

You ll get interest

[@kkk8755]

@@thinkingtamizha007 oh, okay. Thanks for the reply Sir. I was just asking as you were saying in one of the video that if a person opens both PPF for Minor (pon Magan Semippu Thittam) and for self (PPF) then he should not exceed 1.5 Lakhs. So, just had a doubt for this too

[@thinkingtamizha007]

@@kkk8755 PPF is public Provident Fund and is different from Sukanya Samriddhi Yojana. We never spoke about pon magan semippu thittam.

[@kkk8755]

@@thinkingtamizha007 you never spoke about pon magan Semippu Thittam Sir. But in one of your video, I remember you saying investing on self and a minor together should not exceed 1.5 where you can invest maximum of 75K in each account for an year. When you say as Minor and In my case I have a Son, I took up the example of Ponmagan semippu thittam.

[@thinkingtamizha007]

I am not sure about pon-magan thittam sir. I read about it, looks like it is same as PPF. So you cant save more than 1.5L under this scheme. But EPF - EMployee Provident fund is different

[@balamanian9186]

Good info. Eps amount also recorded in Pf portal account statement or separate portal to look Eps statement?

[@thinkingtamizha007]

You can see all in epf portal

[@baskara4494]

Under which section, do we need to claim employer contribution? Lot of people having this common doubt.

[@thinkingtamizha007]

Its automatically covered

[@thinkingtamizha007]

No need to claim. In ur form 16 it wont even figure in ur income

[@s.sakthivel8180]

Saying about edli

[@dineshKumar-bc7uj]

Ennoda employer ethuvume eps contribute pannala enna panradhu?

[@tamilarasi7790]

1992 la retired ennoda appa, NLC la ipa list potu irukanga, but Enna apps name illa, Enna pandradhu idhu pathi therinjika?

[@thinkingtamizha007]

We dont have idea about it. You will have to speak to NLC personnel dept with all documents

[@user-sd2ub7ch8c]

Bro naan old member id to new member id ku amount transfer panniden ippo (OLD MEMBER ID KU contribution credit agirku)adha epdi bro ipo current account ku tranfer panradhu?

[@thinkingtamizha007]

You ll have a UAN number where all pf accounts will be linked. Check your payslip, it will be there

[@sukumar2391]

Anna nan private work panren anna epdi intha account open panni save pandrathu

[@thinkingtamizha007]

Private company?

[@s.sakthivel8180]

Not saying edli

[@user-sd2ub7ch8c]

Bro na old pf account la irundhu new pf account ku amount transfer panniden but ippa same andha old pf account amount 1 month contribution credit agirku ,ippo epdi bro adha tranfer panradhu? Please explain bro

[@thinkingtamizha007]

All PF numbers are tagged to one UAN. You can login to EPFO with your UAN number and check. Both your accounts will be tagged under same UAN

[@sarathkumarbabji5188]

if we claim 150000/invest in EPF we cannot claim other things in 80c right?

[@thinkingtamizha007]

Nps additional 50k you can avail deduction

[@shrirambalaji6467]

What is difference between EPF and EPS except on the interest applied to EPF only. EPS amount will be credited every month after retirement?? and EPF will be paid in single payment??

[@sarathkumarbabji5188]

VPF kooda employee pf la add aayidum la?

[@thinkingtamizha007]

Yes. Depends on how your company manages the fund

[@sangeethar5196]

When do we include the employer contribution in tax deduction???

[@thinkingtamizha007]

Dont get your question.

[@sangeethar5196]

@@thinkingtamizha007 under which section, eps contribution of employer willbe taken

[@SuperSingaravel]

@@thinkingtamizha007 on which section we can claim employer contributions?

[@keerthanarajendran6822]

@thinkingthamizha yes even I am having this doubt. Employer contribution of PF has not mentioned anywhere under form16. Where should we check whether the amounts is deducted for ITR filing

[@dharmaduraik3949]

Total eligibility under 80c 1.5L only right?

[@thinkingtamizha007]

Employee contribution has limit of 1.5 L. Employer contribution is over and above this

[@gunasekaran8196]

எனக்கு உங்களது ppt i அனுப்புவீர்களா

[@thinkingtamizha007]

Illai bro!! Sorry!!

[@thangamurugan2819]

Bro ungala eppati contact panna mutiyum...

[@thinkingtamizha007]

You tube comments only

[@thangamurugan2819]

@@thinkingtamizha007 I have 2 doubt 1: Already na oru private company la work pannittu irugen so enngu PF amount monthly debit pannittu than iruga ... Same time enna la NPS account open panna mutiyuma ...???? And NPS la investment panni 60 year ku mela enna la 2 benifit yaum use panna mutiyuma??? 2: NPS / EPF / Mutual fund (SIP) which is the best investment option for long term ????

[@tntourist1015]

Bro unga number anupunga

[@Rajeshkumar-gy5yk]

Thank you bro