Dear Sir, I have 2 PF account, one is in SBI and another with my company, Total contribution is approx 4 Lac per annum, is this is taxable or not
Ans: The contributions to your PF accounts, including the company and SBI (I hope it is not PPF), are not taxable up to Rs 2.5 lakh per annum. Contributions exceeding Rs 2.5 lakh in a year will attract tax on the interest earned.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment