Page 7 - Epf Contribution News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Updated Mar 14, 2021 | 13:38 IST A new section 206AB will be inserted in the Income Tax Act as a special provision providing for a higher rate for TDS for the non-filers of an income tax return. Gratuity, EPF contribution, Income Tax: These rules will impact your pocket from April 1  New Delhi: A number of rules impacting your pockets are set to change from April 1. These changes will affect people in many ways from changes in your salary structure, EPF contribution, LTC vouchers to ITR filing.  Since the government is planning to implement New Wage Code Bill 2021 ...

If you want to invest more, the VPF is your best bet. In the 30% tax bracket, it would still give 5.85% returns, which is higher than what other fixed income options offer.

No change in tax rates or slabs means that your income tax payout is, for most people, unaffected. However, if your salary is high or you use VPF contributions, there is some bad news for you.

PETALING JAYA: More than five million Employees Provident Fund (EPF) members have opted to reduce their monthly contribution to 9% from January.