TAX ON PF CONTRIBUTION

 

TAX ON PF CONTRIBUTION




CONTACT FOR EXPERT ADVICE ON TAXATION MATTERS.

http://www.karsaathi.in/

Contact: 7838639095 (WhatsApps No.)

TAX IMPACT ON PROVIDENT FUND UNDER I.T. ACT

 Any more than ₹2.5 lakh contribution to your PF accounts from April 1, 2022 – including employee, employer contributions, voluntary, personal, and interest earned – will be treated as taxable income.

"The tax on PF contributions above ₹ 2.5 lakh will be based on the income tax slabs you pay and taxed accordingly.

 However, when this rule is implemented for government employees, the limit has been fixed at more than Rs 5 lakh.


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