Finance Minister Nirmala Sitharaman has announced in the Union Budget 2021-22 to levy income tax on interest earned on employee's contribution towards the Employee Provident Fund, or EPF, if the sum is above Rs 2.5 lakh a year starting 1 April 2021.
source https://www.caclubindia.com/articles/new-pf-tax-rule-should-you-cut-vpf-contribution-44393.asp
source https://www.caclubindia.com/articles/new-pf-tax-rule-should-you-cut-vpf-contribution-44393.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback