Starting from April 2021, there is a change in the way your PF savings are going to be taxed.
Employees’ Provident Fund (EPF) is seen as a long term investment that has two benefits:
(i) A long term investment that provides retirement benefits and good returns, and
(ii) A tax saving option.
However in the recent budget, a law has been passed that would not give you the desired tax benefits that you expect.
Watch today’s video where I share the details about the new taxation policy for the fund you contribute to your EPF account.