In her budget speech for 2021-22, Finance Minister Nirmala Sitharaman proposed that PF contributions of over ₹ 2.5 lakh a year would be taxable. Provident Fund is a government-managed retirement savings scheme for employees, who can contribute a part of their savings towards their fund, every month. In some PFs, the employer and employee make an equal contribution. These accumulated savings can be withdrawn as a lump sum at the time of retirement or the end of employment.
- https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/new-pf-rules-for-2021-how-will-i-be-affected/
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In her budget speech for 2021-22, Finance Minister Nirmala Sitharaman proposed that PF contributions of over ₹ 2.5 lakh a year would be taxable. Provident Fund is a government-managed retirement savings scheme for employees, who can contribute a part of their savings towards their fund, every month. In some PFs, the employer and employee make an equal contribution. These accumulated savings can be withdrawn as a lump sum at the time of retirement or the end of employment.
- India