You are here: Home » PF ¬Ľ News ¬Ľ Savings Schemes
Irdai extends timeline for sale and renewal of Covid specific products
icon-arrow-left
Enter constant maturity gilt ETFs with 5-year plan, say analysts
Business Standard

Rejig wage structure to benefit from EPF rule change, say analysts

If employer contribution is low, get salary restructured to enjoy higher tax-free interest

Topics
Employees Provident Fund | EPF | Wages

Bindisha Sarang & Sanjay Kumar Singh  |  Mumbai/New Delhi 



Rejig wage structure to benefit from EPF rule change, say analysts
Now, the threshold of Rs 2.5 lakh has been hiked to Rs 5 lakh in cases where employees alone contribute to the provident fund (PF), and the employer does not.

Finance Minister (FM) had announced in the Union Budget 2021-22 that interest earned on employees’ annual contribution to the Employee’s (EPF) exceeding Rs 2.5 lakh will be taxed from April 1, 2021.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, March 25 2021. 06:10 IST

RECOMMENDED FOR YOU

.