What are the new rules regarding Provident Fund in Budget 2021?

The contribution of Provident Fund in Budget 2021 has also been brought under the tax net. The interest received on the contribution of more than 2.5 lakhs in PF will be taxed. The purpose of this proposal of the government is to impose a tax on the employed people who get big salaries.

Feb 02, 2021, 23:44 PM IST