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Provident Fund To Be Split Into 2 Accounts - Taxable And Non-Taxable

Royal Nandamuri

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Royal Nandamuri

Royal Nandamuri 1,018

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Tax exemption lo cut chese PF accounts meeda vache interest ki tax vestunnara ,  Nirmalakka budget chesetappudu “interest” meeda find all kotti vachina result annitikada tax apply chesindemo

 

Provident Fund To Be Split Into 2 Accounts - Taxable And Non-Taxable
 

Central Board of Direct Taxes (CBDT) has issued the rules and separate accounts within the PF account shall be maintained.

 

The Centre has notified new income tax rules under which the existing provident fund (PF) accounts will be split into two separate accounts, to enable the government to tax PF income generating from employee contributions which exceed Rs 2.5 lakh annually.

Central Board of Direct Taxes (CBDT) has issued the rules and separate accounts within the PF account shall be maintained.

Subsequently, all existing employees provident fund (EPF) accounts will be divided into taxable and non-taxable contribution accounts. 
 

The non-taxable accounts will include their closing account as it stood on March 31, 2021.

The Finance Ministry had notified the new rules on August 31 and subsequently the Income Tax department too was informed.  

 

According to official sources, these rules are likely to come into effect from the next financial year, i.e. from April 1, 2022 onwards. 

In order to implement the new tax on PF income from employees' contributions exceeding Rs 2.5 lakh annually, a new Section 9D in the income tax rules has been included.
 

To calculate the taxable interest, two separate accounts will have to be maintained within the existing provident fund account during the recently concluded financial year as well as all the preceding years, to assess the taxable as well as the non-taxable contribution made by a person.

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pavan s

pavan s 839

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50 minutes ago, raghu6 said:

Both employee and employer contributions na only employee na ?

upto 2.5L is only for employee part bro.. 

if any one is in organization where there is no employer part, they can go upto 5L without tax.

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BalayyaTarak

BalayyaTarak 1,772

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2 hours ago, pavan s said:

upto 2.5L is only for employee part bro.. 

if any one is in organization where there is no employer part, they can go upto 5L without tax.

ninnane kotha companylo VPF add chesa PF maree darunamga undani, peekeyalemo ippudu avi bayata edo oka MF lo vesukodam better emo 

 

can some financial expert comfirm this , which one is better VPF or MF

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BalayyaTarak

BalayyaTarak 1,772

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47 minutes ago, BalayyaTarak said:

ninnane kotha companylo VPF add chesa PF maree darunamga undani, peekeyalemo ippudu avi bayata edo oka MF lo vesukodam better emo 

 

can some financial expert comfirm this , which one is better VPF or MF

ok applicable from 2022

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raghu6

raghu6 220

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8 hours ago, pavan s said:

upto 2.5L is only for employee part bro.. 

if any one is in organization where there is no employer part, they can go upto 5L without tax.

Thanks bro .

endo ee daridrulu PF meeda tax ento ....2.5 lakhs varaku contribute cheyyochu ante akkadike aagipothundi kada 

chethiki vasthundi hand ki after tax 

.Contribute chesthe daniki low intrest on top of it .

 

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sskmaestro

sskmaestro 4,458

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Just now, Raaz@NBK said:

Asala ee BJP vala concept ento ardham kavadam ledhu.. :sleep:

cook stories to fool people

loot the country and give it to a handful 

mill stories on freedom fighters and malign them (saidhantika unmaaadam)

arm-twist anyone who raises voice… 

 

everything in the name of “desam kosam dharmam kosam”, “Bharat mata ki jai”, “Jai Shree Ram”…. Blah blah blah 

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Raaz@NBK

Raaz@NBK 5,746

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1 minute ago, sskmaestro said:

cook stories to fool people

loot the country and give it to a handful 

mill stories on freedom fighters and malign them (saidhantika unmaaadam)

arm-twist anyone who raises voice… 

 

everything in the name of “desam kosam dharmam kosam”, “Bharat mata ki jai”, “Jai Shree Ram”…. Blah blah blah 

Paruvu teesthunnaru le.. Desh bakthulu kadhu villu.. Financial Terrorist lu ani pilavali villani.. 

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NatuGadu

NatuGadu 1,495

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2 hours ago, sskmaestro said:

Tax payers save cheskune PF meeda malleee tax ah? That shows the sorry state of this country! 

details sadivavaa ledha as usual modi ni dobbatam start chesavaa... 

Do you know the minimum CTC where 12% employee contribution crosses 2.5 lakhs?  

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sskmaestro

sskmaestro 4,458

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14 minutes ago, NatuGadu said:

details sadivavaa ledha as usual modi ni dobbatam start chesavaa... 

Do you know the minimum CTC where 12% employee contribution crosses 2.5 lakhs?  

Endhi edava cover drives….. metro cities lo high packages common….. bokka pedataaraaa city lo hard working people ki ? 
 

PF la meeda LIC la meeda pade stage ki digajaarchaaadu country ni….. 

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BalayyaTarak

BalayyaTarak 1,772

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8 hours ago, NatuGadu said:

details sadivavaa ledha as usual modi ni dobbatam start chesavaa... 

Do you know the minimum CTC where 12% employee contribution crosses 2.5 lakhs?  

saremanaboti mamoolu valla.kosm.em chesthunnadu,  inflation vallo vere vere karanaalo prathidhi perigipoyindhi aa 80c 80d limits evadi M lo pettukodaniki panikostayi 

Metro and non metro cities lo avthunna expenses or cost of living ki ee tax slabs and exemptions enduku marcharu 

 

malla new old regimes ani enduku paniki rani sollu modela okati 

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uravis

uravis 966

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From my view India only saw growth from 96-2009, post that everwhere religious , regional and caste fightings started.  If everything goes this way, we will end up becoming another 3rd world. 

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BalayyaTarak

BalayyaTarak 1,772

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57 minutes ago, surendra.g said:

Its from.April 2021

https://indianexpress.com/article/explained/cbdt-provident-fund-accounts-tax-7485623/

thread opening postlo idi chusi next year ki anukunna 

According to official sources, these rules are likely to come into effect from the next financial year, i.e. from April 1, 2022 onwards

 

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