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Provident Fund Contributions Above Rs 2.50 Lakh To Be Taxed: 10 Points

The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts taxable and non-taxable contribution accounts from April 1, 2022. ....

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pf tax rules: When does EPF become taxable? - The Economic Times

Though the biggest USP of the Employees Provident Fund is its EEE tax status, however, there are certain instances when EPF can become taxable. Here is a look at instances when you are required to pay tax on EPF. ....

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New PF tax rules to come into effect from April 1, here's how it will affect you

New PF tax rules to come into effect from April 1, here's how it will affect you - Nirmala Sitharaman in Budget 2021 announced that interest on employee contributions to PF of over Rs 2.5 lakh per annum would be taxed from April 1. ....

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