Employees Provident Fund Tax Calculation: Contributing Rs 2.5 or 5 lakh? Here’s how you will be taxed now

Employees Provident Fund Tax Calculation: Contributing Rs 2.5 or 5 lakh? Here’s how you will be taxed now
 

In Finance Bill, 2021, the Income Tax Act has been amended to impose a tax on interest earned on contributions made to a provident fund in excess of Rs 2.5 lakhs in a financial year.

In this Financial Express article, Dr. Suresh Surana, Founder, RSM India, explains how your tax will be calculated on your PF contribution.

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