Budget’s EPF tax googly: Should you rework your retirement strategy?
Union Budget 2021
Budget 2021 has kept our income-tax rates and slabs constant. But Finance Minister Nirmala Sitharaman announced that the interest earned on your Employees’ Provident Fund (EPF) contribution – statutory and voluntary – of over Rs 2.5 lakh in a financial year will now be taxed. In other words, the interest on this excess contribution will now be taxed.
Dr. Suresh Surana, Founder, RSM India shares his views on the same with MoneyControl.