Hi,
Employees Provident Fund (EPF) is taxable. when it becomes taxable? What are the dependent factors?
Hi,
Employees Provident Fund (EPF) is taxable. when it becomes taxable? What are the dependent factors?
As per the notification, issued on August 31, contributions above ₹2.5 lakh in the Employee Provident Fund (EPF) per year will be taxed. In cases where there is no employer contribution in the EPF account, the threshold will be ₹5 lakh a year.