Finance Ministry notifies rules for calculating taxable interest in PF account

In her Budget for 2021-22, Sitharaman had capped the tax-free interest earned on provident fund contribution by employees and employers together to a maximum of Rs 2.5 lakh in a year in an attempt to dissuade high earners from parking their surplus in what is supposed to be the common man's retirement fund.

from Economy-News-Economic Times https://ift.tt/3yIgX6m