Income tax on EPF interest for contributions above 2.5 Lakhs?

Hi,

My question related to this topic( Tax on PF interest - Budget 2021 - Ask the Community / Union Budget 2021-22 - greytHR Community).

How much income tax need to be paid on EPF interest for contributions above Rs 2.5 Lakhs?

Please guide.

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The interest earned by the Provident Fund contributions above Rs 2.5 lakh a year will now be added to the taxable income and taxed at the normal rates. This will only apply to the employee’s contribution and not that of the employer.

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