Biggest Change To Happen in PF From 1st April

The biggest changes that are going to happen from April 1, 2022, the most important is the tax on PF account. Actually, the Central Board of Direct Taxes (CBDT) has decided to implement the Income-tax (25th Amendment) Rule 2021. That is, a cap of tax free contribution up to Rs 2.5 lakh is being imposed in the EPF account. If the contribution is made above this, then the interest income will be taxed. At the same time, the limit of tax free contribution to GPF of government employees is Rs 5 lakh per annum.