WebApr 10, 2024 · Any interest on contribution made during the FY 2024-22 in excess of amount of Rs. 2.50 Lakhs (EPF) and Rs. 5.00 Lakhs (GPF) will be taxable as “Income from Other Sources “in the hand of employee or person contributing to those funds. Read EPFO Circular : Contribution to provident fund – Calculation & deduction of taxable interest WebFeb 21, 2024 · CBDT has inserted Rule 9D in Income-tax Rules 1962 to tax interest earned on GPF. Come April 1, 2024, the interest earned on the general provident fund balance will …
GPF Interest Taxable Notification Dated 31.8.2024 - Gservants News
Web₹ 40000.00 ₹ 20000.00 CA Awanish GST Course with Practical Training 100% Job Placement Job Guaranteed Courses ₹ 120000.00 ₹ 60000.00 CA Praveen Career in Corporate Law - 100% Practical Training Courses Job Guaranteed Courses ₹ 60000.00 ₹ 30000.00 Rahul Income Tax Course with 100% Practical Training & Placement Job … WebApr 10, 2024 · It is announced for general information that during the year 2024-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st April, 2024 to 30th June, 2024. This rate will be in force w.e.f. 1st April, 2024. canning additives
Tax on PF ( Provident fund ) - Various Types of Provident Fund
WebFeb 24, 2024 · Calculation of Taxable and Non-Taxable Interest Under EPF/GPF Income Tax (25 th Amendment) Rules, 2024 The Government has changed the rules for calculation of … WebSection 10 (11) & Section 10(12) relates to PF interest exemption Section 10(11) (11) any payment from a provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies or from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette; Following provisos shall be inserted in clause (11) of section … WebApr 11, 2024 · The interest rates of GPF, All India Services Provident Fund and other similar funds will be 7.1 per cent for the April-June quarter, 2024, said the Department of … canning actress