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Bloomberg Tax Leadership Forum Provides Insights on Changes in Domestic and Global Taxation

Bloomberg Tax Leadership Forum Provides Insights on Changes in Domestic and Global Taxation
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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EPF interest taxation: Here's how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh

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 super-rich surcharge, she found a way to tax the rich and super-rich by taxing the interest earned on Employee’s Provident Fund (EPF) contributions in excess of Rs 2.5 lakh in a financial year. ....

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PF contribution | Tax on PF contribution: What are the other investment options?

PF contribution | Tax on PF contribution: What are the other investment options?
timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.

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Uncertainties around how Budget 2021 TDS rules will be implemented

Updated Feb 20, 2021 | 15:25 IST
Starting July 1, 2021, the penal TDS and TCS rates are 10-20 per cent, as against 5-10 percent normally
Uncertainties around how Budget 2021 TDS rules will be implemented
New Delhi: Budget 2021 has laid out stringent norms for those not filing tax returns. So, if you have not been filing your income tax returns, you have to pay a higher tax deducted at source (TDS). Even the Tax collected at Source (TCS) will increase for those who do not file their income tax returns. Starting July 1, 2021, the penal TDS and TCS rates are 10-20 per cent, as against 5-10 percent normally. ....

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Here's how you can accumulate a tax-free retirement kitty of over Rs 1 crore through PPF

Updated Feb 13, 2021 | 13:06 IST
If we assume that the present interest rate of 7.1% on PPF remains constant in the long term, one can easily accumulate a hefty retirement kitty by the time of his superannuation.
Here s how you can accumulate a tax-free retirement kitty of over Rs 1 crore through PPF
New Delhi: Public Provident Fund (PPF) is by far one of the most popular long term debt investment products available in India. One of the biggest advantage of PPF is that it offers guaranteed tax-free return, which you can not get in other long term investment instruments like NPS, mutual fund SIP. Although life insurance products offer tax-free returns, the return is not guaranteed and is very less compared to PPF, and return from NPS is not guaranteed but it is partially tax-free. ....

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