Recognise provident fund mein employee ka contribution 2.5 lakh Tak exempt hota hai and uske upar taxable hota Hai to Kya ismein 9.5 wale limit bhe applicable hogi means 2.5 lakh par jo interest ayega

Question

Zainab · Answer

There is no benefit of 9.5 % for excess amt after 2.5 lacs consumed

Zainab · Answer

No if amt exceeds 2.5 lacs then in such a case amt in excess of 2.5 lacs and interest thereon will be taxable There is formula given to calculate taxable perk if contri exceeds 2.5 lacs by er or ee If u want I can send a pic of ques as well as solution

Lalit · Answer

Upto 2.5 lakhs contribution ,interest upto 9.5% p.a. is exempt and excess is taxable and interst on excess over 2.5lakhs of contribution , entire interst is taxable So for example I contribute 3 lakh in RPF inter on 2.5 laks is exempt upto 9.5%pa and interest on 50k is completely taxable without limit .

RISHIT · Answer

Contribution 2.5 lakhs par hai par intrest on contribution if more than 9.5% toh taxable hai

Rajdeep · Answer

Ha 9.5% applicable hoga 2.5 lakhs par

Recognise provident fund mein employee ka contribution 2.5 lakh Tak exempt hota hai and uske upar taxable hota Hai to Kya ismein 9.5 wale limit bhe applicable hogi means 2.5 lakh par jo interest ayega

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