If you're going to switch to the new tax regime, does it make sense to stop putting money in PPF, NPS, etc to simplify things?

[redtulipmoon]

@lapidoth Yes i did so many such grievances. They reply and close the ticket and replies are useless.

 

[luthepisc]

@hangnon2jesus Rapidly would be an overstatement but I get the sentiment.

 

[theloverofgod]

@atgeki How can you stop it auto deducted and invested by employer

 

[atgeki]

@theloverofgod Talk to HR & change your salary structure. PF is optional for people earning above 15k month.

 

[1234ba]

@atgeki TIL. Thanks bro.

 

[choetboi]

@1234ba I wouldn’t advice you to do that if your employer is matching your contribution. Around 30k gets deducted from my salary every month and the employer matches another 30k split between the two so that’s technically additional income even if it’s not usable by you for a long time

 

[hisbody]

@choetboi It’s not exactly additional, your ctc includes that. It is still great since that part is not taxable.

 

[thoughtlessdepth]

@hisbody

your ctc includes that

That actually varies from org to org. Some don't include in CTC and consider it over and above.

 

[joe2]

@theloverofgod You can't change it once your employment has been started.

There are only two slabs in EPF:

1. 1800 rs per month
2. 12% of your basic per month

You can go from 1->2 in your organization if it is allowed but you can never go from 2 -> 1 in same organization unless you leave and re-join

 

[theloverofgod]

@joe2 Yes I'm tired of the Pay roll department they rejected, my company does not support NPS that is big issue for me

 

[joe2]

@theloverofgod

my company does not support NPS that is big issue for me

That sucks man. I had to fight my organization for 2 years before they finally introduced it.

Yes I'm tired of the Pay roll department they rejected

It is not your payroll my friend but govt regulations. There isn't much you pay roll can do here.

 

[theloverofgod]

@joe2 Yes I am thinking of switching to better org

 

[joe2]

@theloverofgod woah woah woah! All because of NPS

JK, you should definitely fight for it my man. Make some noise and people will notice. I had to highlight this in my org 10 times but finally we got it

 

[theloverofgod]

@joe2 I am already famous at my company , for making noises over process, HR policies etc.

Even the CEO knows my face and name, and I work in IB MNC.

New things going to new khand .

 

[marymagdelene]

@atgeki Why is that?

 

[freckles827]

@marymagdelene Search for increase in number of withdrawal refusal in epf over the years

 

[consolatio]

@atgeki That's bad news even though I only contribute the bare minimum (1800/- I think) every month.

 

[eagleeyepro]

@eluid Can we stop PPF? I heard that you have to do one transaction in a PPF account each year.

 

[raw83]

@eagleeyepro Rs500 is minimum, ig that is ok.

 

[gash]

@raw83 If you don't put in the minimum Rs.500 in a year, you are charged a penalty of Rs.50, deducted from your account.