As per new provision made in budget 2021 EPF interest Amount beyond 2.5 Lakh is taxable. If you are contributing higher amount in EPF you will be affected by the new provision. Let’s discuss this new income tax provision and its impact. EPF Interest taxable beyond 2.5 Lakh Presently, any amount received by an employee in EPF account is fully tax free. This include interest contribution on EPF. You must be aware that the employee provident fund comprises of contribution made by the employer, employee as well as interest on the contributed amount. Now onwards any interest earned on the
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