Taxing interest on Provident Fund
Following its Budget announcement in February, the Finance Ministry has now notified the rules for taxing interest income on contributions made to the Employeesâ Provident Fund (EPF) beyond Rs 2.5 lakh (for private-sector employees) and Rs 5 lakh (for government sector employees). What is Provident Fund? Provident Fund is a government-managed retirement savings scheme for… Continue reading Taxing interest on Provident Fund

