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The Hindu
The Hindu
National
Vikas Dhoot

Operational guidelines for taxing EPF issued

EPF EPFO

A year after the government introduced a new tax on income arising from annual Employees’ Provident Fund (EPF) contributions over ₹2.5 lakh, operational guidelines on implementing the levy were finally issued on Wednesday.

For those who don’t link their Permanent Account Number (PAN) to their retirement savings accounts, tax will be deducted on their annual income on contributions over ₹2.5 lakh at the rate of 20%, the EPF Organisation (EPFO) has said.

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