Limit on Tax-Free EPF Interest | Latest Rules of Tax Exemption on EPF 2021

PF used to be Totally tax-free. But now there is a limit. Beyond that limit there would be a tax on PF Interest. This Tax Rule is applicable since FY 2021-2011.
The government has introduced the new tax rule in budget 2021. Further it has clarified the EPF taxation in August 31, 2021. The limit for government employee is higher than the private employees. Now we have a complete picture about the EPF tax deduction, exemption and tax liability.

Do you also know that there is also a tax exemption limit on employer's contribution.

However, still EPF is much better investment that PPF and NPS. If gives you the option of easy and taxfree withdrawal. The interest rate of EPF is also higher than PPF.
#tax
#epf
#budget

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