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Union Budget 2021: Here's How New PF Rules May Impact You It is noticed that minimum 12% of an employee's performance wages and basic salary is compulsorily deducted as provident fund, while the employer contributes another 12%. Representational Image Outlook Web Bureau 2021-02-22T08:35:52+05:30 Union Budget 2021: Here's How New PF Rules May Impact You outlookindia.com 2021-02-22T08:48:58+05:30 Finance minister Nirmala Sitharaman in Union Budget 2021 announced that interest on employee contributions to the provident fund of over Rs 2.5 lakh per annum would be taxed, ...

Updated Feb 20, 2021 | 09:21 IST Interest on employee’s contribution towards Provident Fund (PF) account above Rs 2.5 lakh per annum will be taxable with effect from April 1. This will affect VPF investors Debt mutual funds v/s VPF: Which is better for high-salaried individuals post Budget rule-change  |  Photo Credit: Thinkstock One proposal in the Union Budget 2021 which is likely to hit wealthy investors in voluntary provident fund (VPF) may prompt them to instead move to debt mutual funds.    According to the proposal which comes into effect on Apri...