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PF interest rate: Tax on PF interest wil...

The proposed Contingency Fund interest tax came like a thunderclap for high earners and HNIs who send huge sums of money to this tax-free paradise. Although the tax only applies to contributions above Rs 2.5 lakh per year and will only apply to employee contributions, many provident fund subscribers are unhappy. This is not the […]

The flat tax plan would have bipartisan ...

Arizona’s tax system is structurally unbalanced as the demand for government spending continues to far exceed tax revenue collected. Prior to this Covid recession, there was a bipartisan agreement that additional funds were needed for education, housing, infrastructure, health care, public safety and state government. However, the budget has never been big enough to meet […]

EPF interest rate: The tax on EPF intere...

Budget 2021 proposed to levy income tax on interest earned on employee contributions to the Employee Provident Fund (EPF), but not everyone will be affected by this proposal. Only the accrued interest on the part of the annual contribution which exceeds Rs 2.5 lakh will attract income tax. Granted, people with high base salaries will […]