WebFeb 4, 2024 · Which provident funds would fall under this, and what will be the tax rate? The annual contribution to EPF and Gratuity — and also voluntary contributions to EPF — will … WebFeb 17, 2024 · Increase your taxable income by the employer’s EPF contribution and earned interest of the year. 10. Fill the interest on employer’s contribution into the other income …

EPFO Issued Circular Clarifying TDS on Interest on PF ... - TaxGuru

WebThe interest earned over and above 9.5% is taxable as ‘Income from other sources’. Tax at the time of withdrawal. The withdrawal amount of an account consists of the … WebBudget 2024-22 has rationalised tax-free income on provident fund contribution by high income earners by making the exemption on interest income earned on annual … chair covers for loveseat

New income tax rules on interest from EPF savings explained in 7 …

WebJul 9, 2024 · Total EPF contribution per month = ₹3,600 + ₹1,101 = ₹4,701. PF interest rate for the financial year 2024-21 is 8.5% and so the PF interest rate applicable monthly = … WebFeb 5, 2024 · After it was declared in the Union Budget 2024-22 that the interest earned on Provident Fund contributions above Rs 2.5 lakh in a financial year will become taxable, … WebJul 19, 2024 · Statutory Provident Fund – This scheme is set up under the Provident Funds Act, 1925. It is meant for government employees, universities, recognised educational … chair covers for rent cheap