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TAX ON PF INTEREST
Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...- How to rebalance mutual funds, FDs & PF investments before retirement? Expert shares roadmapAs retirement nears, an investor with a Rs 2.75 crore portfolio needs to rebalance. An expert advises consolidating mutual funds, shifting ...
- NPS Swasthya: A cushion, not fill-in, for health coverCan the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related ex...
- Highest 444-day FD interest rates from PSU banks: Which bank offers highest interest rate on 444-day fixed deposit scheme?Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super senior citizens. From State Bank of I...
- PF tax-exemption limit hiked to Rs 5 lakh, only these employees stand to benefitAccording to tax experts that ET Online spoke with, this limit will be applicable only in certain specified conditions and will not benefit...
- Govt unlikely to review Rs 2.5 lakh threshold to tax PF interest“Of course, PF is lifetime saving of the working class and the government is committed to ensure that they benefit. But we had to undertake...
- Put over Rs 2.5 lakh in PF? Interest may face annual deductionSources told TOI that the government is looking to prescribe two sets of accounts for those contributing over Rs 2.5 lakh annually. The fir...
- High-income PF lovers not to get 8.5% gainsEffective interest earned will fall sharply, particularly for those in topmost income slabs. The return falls marginally to 8.06% for someo...
- Tax on PF interest will change the way we invest in it: How the Budget hits your PFThis is not the first time the government has proposed to tax Provident Fund money. A significant number of salaried employees use the Volu...
- PPF stays out of tax on EPF interest“The cap is not applicable on PPF because there is already a limit of ₹1.5 lakh contribution in a year to PPF,” the official said. The gove...
- PF tax prompted by HNIs availing waiver“One of the highest contributors has more than ₹103 crore in his PF account, followed by two second highest ones having more than ₹86 crore...
- 20 EPF members are HNIs with Rs 825 cr in their accounts: Govt sourcesThe sources said that there are more than 4.5 crore contributors’ accounts in EPF. Out of these more than 1.23 lakh accounts are of HNIs wh...
- Interest on PF contribution above Rs 2.5 lakh to be taxableThe 2021 budget has also proposed to remove the tax exemption under Section 10(10d) to Ulips with a premium of more than Rs 2.5 lakh a year...
- Will tax on PF interest also cover contribution to PPF account?On the plain reading of the budget documents, it appears that tax will apply to the interest earned on contributions made to Employees' Pro...
- Decision to tax PF interest based on the principle of equity: Ajay Bhushan Pandey, Revenue secretaryIn the budget announced on Monday, the govt said interest earned on Employees’ Provident Fund contributions of ₹2.5 lakh and above a year w...
- B Negative: Two tax-free options go poofThe tax on PF interest comes after the last budget had capped the tax exemption on employers’ contribution to PF, NPS and superannuation fu...
- Do I need to include the withdrawn EPF proceeds in ITR after leaving the job?At the time of withdrawal, the PF authorities will deduct tax at 10% on entire PF proceeds (assuming you have furnished your PAN to the PF ...
- New ITR forms ask for year-wise PF contribution details in case of taxable withdrawalThe Income Tax Department has made changes in the ITR forms 2 and 3 applicable for FY 2017-18 to ascertain whether the PF withdrawal made b...
- Tax queries: Income received from provident funds outside India cannot be taxedIncome received from PFs outside India cannot be taxed, even if it is transferred to an Indian account subsequently. Our expert explains.
- PF trusts jittery over tax treatment of gains above 8.5 pcThere is ambiguity over how the 1% differential between EPF rate and the tax-free ceiling should be treated while crediting interest to emp...
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