PF threshold limit raised to Rs 5 lakh for tax-free interest where there is no contribution by the employer

In her Budget presented to Parliament on February 1, Finance Minister Nirmala Sitharaman had provided that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2QqbP6q