By Rajeev Jayaswal, New Delhi
UPDATED ON MAR 24, 2021 05:28 AM IST
The Union Budget on February 1 proposed that interest on employee contribution to provident fund (PF) over ₹2.5 lakh per annum would be taxed from April 1.
By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON FEB 04, 2021 08:24 PM IST
- The rule is to ensure that high net worth individuals who post huge sums of money per month in their EPF accounts do not get to misuse the provision of assured high interest.
New Delhi | By Rajeev Jayaswal
UPDATED ON JUN 20, 2019 08:27 AM IST
The EPF interest rate was at a five-year low of 8.55% in the 2017-18 fiscal, and the 8.65% proposal, made in the run-up to the general elections in February, would have benefited the roughly 45 million subscribers to the retirement savings accoun