Provident Fund Exceeding ₹ 2.5 Lakh To Stop Earning Tax Free Interest From April
Provident fund subscribers who invest more than ₹ 2.5 lakh in their provident fund accounts in a year will not be able to earn the mandated 8.5 per cent tax free return from next month. Interest earned on amount exceeding ₹ 2.5 lakh will be taxable as per the Budget announcements for next financial year which starts from April 1.
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