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PF contribution over 2.5 Lakhs will be taxable

March 12, 2021 | by C-Quel Legal Research Team

EPFOESICPF Contribution

From 1st April 2021, interest incurred on PF/EPF contribution beyond Rs 2.5 lakh in one financial year will become taxable.
To calculate the income tax rate, the EPF interest earned during the year will also be added to deduce the income tax slab of a PF account holder.

The Central Board of Direct Taxes (CBDT) has clarified, whatever is in excess to 2.5 lakhs towards PF contribution will be taxable.