A change has been introduced in Union Budget 2021, wherein interest earned over contribution in EPF / VPF for an amount greater than 2.5 Lakh will be considered to be taxed. While people thought that only those within Ultra high income will get impacted, it surely is going to impact a much wider population.
Here is a short video covering changes on EPF in Budget 2021 and also an analysis of the same with a focus on how this will impact people in terms of tax impact.
TAX on PF Interest in Budget 2021 | New PF rules 2021, PF changes in Budget 2021, VPF Budget 2021, EPF 2.5 Lakh. EPF / VPF Interest on Employee Contributions above 2.5 lakh will now be taxable.
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