PF is taxable now, Provident fund money not tax free

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As per the new guidelines by finance minister PF is not completely tax free now any money deposited to PF post 2.5 Lakh in a fiscal is taxable that means what ever you earn as intrest from that excess money is taxable as per your effective tax slab

This should not effect the regular tax payers though but might have issues for people with ultra high salary

also there were many people who were reportedly depositing upto 1 crores in PF to earn a tax free return of around 8% Rule is specifically for these kind of transactions

use the following links for more information

#investment #personalfinance #moneymanagement #taxes #pf #providentfund #savetax #finance #financialadvice
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