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@xamell Thank you, kind sir.

@shemaiah Thank you!

@revealedtruths This certainly clears things up for me. Thanks a lot. :)

Starting April 2022, EPF+VPF contributions above 2.5L per finyear is gonna attract taxes. My employee+employer contribution is about 70k per month (12% of basic salary). About 8.4L per year go to my PF account. How is the tax calculated on this? Flat 30% on 8.4L or 30% on (8.4-2.5)L?

@learning_christianity Yes yes. The idea is to keep the money in the account as minimum time as possible.

@gberen523 Thumb rule is to align your paycheck with the sip date. If you get paycheck several times a month (like in the US), doing sip several times a month makes sense. For Indian cases, just once a month as soon as your paycheck hits your bank account.