New Tax Rule for PF: Income From PF Contribution Above Rs 2.5 Lakh Limit to be Taxable

Income From PF Contribution Above Rs 2.5 Lakh Limit to be Taxable From April 1

Union Government has now changed the income tax laws and will be implementing a new one starting from 1st of April.

The new income tax rule will include a threshold limit of Rs. 2.5 lakh on tax free contributions for non-government employees and Rs. 5 lakh for Government employees.

The new rule of tax-free contributions will be helpful for taxpayers to calculate their taxes and will also help in splitting taxable and non-taxable contributions.

3 thoughts on “New Tax Rule for PF: Income From PF Contribution Above Rs 2.5 Lakh Limit to be Taxable”

  1. Why should you discriminate between government employee and non government employee. Are non government employees not citizens of India. On one side you talk about uniform law and on other side ,there comes this discrimination. Height of hypocrisy…

  2. No Income Tax is payable by Sr.Cirizens since politicians like ministers, MLA & MP are exempted from paying Income Tax. Why two types of tax slab on exemption is levied on Sr.Citizens of age group below 80 years @ Rs 3lacs and Rs5 lacs above 80 years. This is fraudulent tactics of govt which must be stopped forthwith.

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