 "Sitharaman")
Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget
The government on Monday said the employers who delay the deposit of workers' share of social security contributions like employees' provident fund will not be able to claim the amount as deduction from their income. An amendment in this regard is proposed in the Finance Bill 2021, to ensure that firms deposit the social security contributions of their employees like Employees' State Insurance (ESI) well in time. Besides it is proposed to tax interest earned on annual provident fund contribution of over Rs 2.5 lakh from April
