After budget 2021 interest earned on EPF is not exampted for high salaried employee

Now interest on EPF is taxable for high salaried employees.

In union budget 21 The Honourable the Finance Minister announced a proposal to restrict tax exemption for the interest income from EPF for the high income employees.Interest earned on EPF contribution above 2.5 lacs is taxable at normal rate for an employee.If an employee contributes more than ₹. 2.5 lacs towards provident fund in aContinue reading “Now interest on EPF is taxable for high salaried employees.”