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News headlines for March 4, 2021: Pakistan in turmoil; no interest cut on EPF & other top news

Updated Mar 04, 2021 | 19:51 IST
News headlines for March 4, 2021: CDS Rawat on Thursday said that the Indian military should be prepared for threats from neighbouring Pakistan and China.
India s Rohit Sharma, left, fist bumps teammate Cheteshwar Pujara as they walk off the field at the end of first day s play of fourth cricket test match between India and England at Narendra Modi Stadium in Ahmedabad. | Photo Credit: AP
Key Highlights
Scroll down for the biggest news headlines in India and the world.
New Delhi: It was a thunder Thursday of news as Chief of Defence Staff, General Bipin Rawat, said that the threats faced by the Indian military were greater than anyone else in the world. Also, calls for the resignation of Pakistan PM Imran Khan grew. Below are the day’s biggest headlines: ....

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EPF interest taxation: Here's how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh

Updated Feb 27, 2021 | 14:01 IST
While no details have been shared as to how TDS will be applied, calculations show that if an individual s annual basic salary is close to Rs 21 lakh or more, they will come under the EPF tax net.
EPF interest taxation: Here s how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh
New Delhi: Budget 2021 left some taxpayers unsatisfied as there were no rate cuts or standard deduction limit hike. This Budget has left income-tax rates and slabs unchanged. While the Finance Minister did not announce any hike in super-rich surcharge, she found a way to tax the rich and super-rich by taxing the interest earned on Employee’s Provident Fund (EPF) contributions in excess of Rs 2.5 lakh in a financial year. ....

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EPFO March 4 meeting: EPF interest rate for FY21 may be cut further due to heavy withdrawals, lower contributions

The Employees’ Provident Fund Organisation (EPFO)—the retirement fund body—declared an interest rate of 8.5 per cent for FY20, and 8.65 per cent in FY19. ....

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EPF interest rate: EPFO subscribers may feel the pinch

Interest rate for FY21 may be cut further due to higher withdrawals, dip in contributions ....

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EPF interest taxation may impact your retirement plans. Here's how

Updated Feb 11, 2021 | 06:15 IST
FM Sitharaman in her Budget 2021 speech proposed to tax interest earned on annual provident fund contribution beyond Rs 2.5 lakh. This proposal is going to severely impact EPF returns of high-income earners
EPF interest taxation may impact your retirement plans. Here s how
New Delhi: When it comes to retirement savings or investment, the Employees Provident Fund (EPF) is one of the most common choices for a lot of people in India. For many, EPF is the only retirement saving option as it is safe and offers great returns.
For those who are not aware, EPF is a retirement savings investment tool wherein employers must contribute 12% of the basic salary plus dearness allowance and deduct an additional 12% on behalf of the employee. Out of the employer’s contribution, 8.33% goes to the Employees’ Pension Scheme (EPS) and earns no interest. However, the remaining 3.67% and the whole of employee’s contrib ....

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