1. Whatever will be the closing bal of one's Provident Fund (PF) acct as on 31 Mar 2022, it will be kept in one acct, say Acct 'A'.
2. Whatever interest you get in this acct next FY, it wil be added to this acct with no tax.
3. A separate acct say Acct 'B' will be opened. Whatever one contributes to PF in FY, starting 01 Apr 2022, will be added to this acct.
4. At the end of FY in Mar 2023, if contribution in this acct is more than 2.5L (May be 5L for us) then interest will be charged as per new rules. So keep PF around 42000/- pm
5. After deduction, it will be shifted to acct A. Acct B will become 0.
6. Then same drill continues for next FY.
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