Does opting for the new tax regime mean that EPF's exempt-exempt-exempt (EEE) tax status no longer applies? In other words, is the tax-free nature of EPF contributions, growth, and withdrawals ...
I need some clarification on taxation rules where contribution made by the employer beyond Rs 7.5 lakh per year (EPF, NPS, SA) is made taxable in the hand of the employee. My queries are: 1.
It is important to comprehend the tax implications of EPF withdrawals to prevent any unforeseen tax liabilities. Withdrawals ...
This fund accrues over time, earning interest, and is generally tax-free upon withdrawal if the employee has completed five years of continuous service. The current interest rate on EPF ...
Investments earn us tax deduction benefits, interest and returns are tax free and it’s easy to invest. Over 6 crore people invest in EPF and its ... of the statutory limit of Rs 15,000 has ...
The government is considering raising the limit on tax-free contributions to the Voluntary Provident Fund (VPF) within the purview of the Employees' Provident Fund Organisation (EPFO) from the ...
While most IRA distributions are taxable, QCDs avoid taxation if they are sent directly to a qualifying charity by the IRA trustee. In 2025, each eligible individual can donate up to $105,000 tax-free ...
Looking for some good tax-saving investment options? So check out these easy investment options to help reduce your tax ...
This will, in turn, help the government with tax revenues. Finance Minister Nirmala Sitharaman announced a reduction in Employee Provident Fund (EPF) contributions for the next three months.
The government is considering raising the VPF limit for tax-free interest under EPFO to incentivize savings among lower-middle and middle-income salaried individuals. The current cap, introduced ...
as long as they do not exceed the prescribed limit (12% of the employee's salary or Rs 7.5 lakh in total with other retirement fund contributions). Tax-Free Interest: The interest earned on EPF ...