Taxability Of Interest On Excess PF Contribution-New Threshold Limit & Manner Of Tax Computation
The Government has increased the deposit threshold limit to INR 5 lacs per annum in the provident fund for which interest would continue to be tax-exempt if there is no employer contribution. This announcement by the Finance minister Mrs. Nirmala Sitharaman was part of the amendments which was made to the Finance Bill, 2021 at the time of passing of the Bill on 23 March. Provident Funds Where Employer Do… Read More »Taxability Of Interest On Excess PF Contribution-New Threshold Limit & Manner Of Tax Computation