The Rs 2.5 lakh ceiling on voluntary contributions was introduced in the FY22 budget. (AI image) VPF limit for tax-free interest to be hiked? The government is considering increasing the limit on voluntary provident fund (VPF) contributions under the Employees’ Provident Fund Organisation (EPFO) that earn tax-free interest. Currently, interest earned on contributions above Rs…
New Delhi: Fifteen years after the law was amended to include international workers within the ambit of employees’ provident fund and pension scheme, the Karnataka HC has struck down the provisions as “unconstitutional and arbitrary”.The move, which is likely to be challenged by govt and the Employees Provident Fund Organisation (EPFO), will impact thousands of…
Employees’ Provident Fund Tax Benefits: It’s that time of the year when you have to choose between the old and the new income tax regime so that your employer will start cutting TDS from the April salary. When understanding the tax exemptions available under the old tax regime and deciding on tax saving investments, don’t…
