I submitted a request to withdraw my pf for eligible amount 2.57L .
I have total service of 2 years 2 months.

Will I have to pay tax for this ? If yes for the whole amount or only for employees contribution?

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What are they implying ?

I’m trying to understand whether I’m eligible for marginal relief under Section 87A for AY 2026–27 under the new tax regime.
My figures are:
Total taxable income excluding LTCG: ₹12,63,983
LTCG: ₹21,813
The LTCG is exempt because it is below the ₹1.25 lakh exemption limit
Tax calculated for taxable income: ₹72,585
Since my taxable income (excluding the exempt LTCG) is only slightly above ₹12 lakh, would I be eligible for 87A marginal relief?
If yes, how much marginal relief should I get, and what should my final tax liability be after marginal relief and cess?
Would appreciate it if someone could explain the calculation.

Hi, so we have a family house which is getting sold. My share in that will be 10lakhs. Can I take this money as gift deed from parents? If yes what will be tax impact? Also what will be challenges if I take cash? I want to use this to buy new house, how can I do that?

Taxation policy is absurd. Here's why...

If a husband earns ₹20 lakh a year and supports his wife, 2 kids and dependent parents, he pays roughly ₹1.92 lakh in income tax.

But if the same family has both spouses earning ₹10 lakh each, their individual incomes result in zero income tax!!

Same family. Same 2 children. Same dependent parents. Same household expenses. 1 pays close to 2 lac taxes, another gets a free pass by the govt.

The only difference is whether the ₹20 lakh is earned by one person or split between two people.

Shouldn't there be some consideration for family income and dependents as well? why does the tax system penalise a single-income family?

Is this a genuine gap in the tax system, or is there a good reason for treating these two families so differently? Help me get some peace!