New PF Tax Rules Take Effect in April: How Will They Affect You?
In Budget 2021, Finance Minister Nirmala Sitharaman declared that beginning April 1 talks about New PF Tax Rules. That is the interest on employee contributions to the provident fund of more than Rs 2.5 lakh per annum would be taxed. The annual contribution ceiling of Rs 2.5 lakh has been maintained as the interest-free deposit maximum.
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