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Tax experts are of the view that the notification has ended the ambiguities in the matter and provide the convenience of calculation of interest.

Updated Feb 27, 2021 | 14:01 IST While no details have been shared as to how TDS will be applied, calculations show that if an individual's annual basic salary is close to Rs 21 lakh or more, they will come under the EPF tax net. EPF interest taxation: Here's how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh  New Delhi: Budget 2021 left some taxpayers unsatisfied as there were no rate cuts or standard deduction limit hike. This Budget has left income-tax rates and slabs unchanged. While the Finance Minister did not announce any hike in...

Updated Feb 11, 2021 | 06:15 IST FM Sitharaman in her Budget 2021 speech proposed to tax interest earned on annual provident fund contribution beyond Rs 2.5 lakh. This proposal is going to severely impact EPF returns of high-income earners EPF interest taxation may impact your retirement plans. Here's how  New Delhi: When it comes to retirement savings or investment, the Employees Provident Fund (EPF) is one of the most common choices for a lot of people in India. For many, EPF is the only retirement saving option as it is safe and offers great returns.  For those ...

The Union Budget 2021 presented on Monday restricted the tax-free return on investment in provident funds and in unit linked insurance plans (ULIP) at Rs 2.