For most employees, their provident fund (PF) account is the most ... on account of the fact that the interest is exempt. However, a recent Income Tax Appellate Tribunal decision, holding that ...

You should analyse whether such an option is beneficial to you, as a reduction in PF contribution by the employer (which would have otherwise been exempt) would result in increase in your taxable ...

Here is what the Income Tax Department has to say about your salary and taxes on ... Are retirement benefits like PF and Gratuity taxable? In the hands of a Government employee Gratuity and PF ...

The prevailing provisions of the Income Tax Act grant an exemption in respect of any payment from specified provident funds. New PF Rules 2021: The Finance Bill 2021 has been amended to bring ...

The AMT is a parallel tax system that requires many filers to calculate their tax bill twice -- once under the rules of the regular income tax code ... Higher exemption levels The amount of ...

The Income Tax Department has released a new brochure ... Is the amount received from a provident fund exempt from tax? Answer: Yes till AY 2021-22, the amount received from a provident fund ...

Giving relief to 4.71 crore subscribers of EPFO, the government has allowed tax exemption on the 9.5% interest income on PF deposits for 2010-11. Giving relief to 4.71 crore subscribers of EPFO ...

In the case of super senior citizens (above 80 years), the exemption limit is set at Rs 5 Lakh. The amount received from PF is tax-free for government employees. For non-government employees, PF ...

Labour Minister Mallikarjun Kharge has written to Finance Minister Pranab Mukherjee to consider extending the time-limit for private PF trusts to seek exemption from income tax on retirement benefits.

Giving relief to 4.71 crore subscribers of EPFO, the government has allowed tax exemption on the 9.5% interest income on PF deposits for 2010-11. Giving relief to 4.71 crore subscribers of EPFO ...