New Provident Fund tax rules from April 1: Know how it will affect you

Zee News Every month at least 12 per cent of an employee's basic salary and performance wages is mandatorily deducted in the form of Provident Fund. The employer adds 12 per cent from his share. In this fashion, the government wants to limit the high-salaried persons from self contributing more to their Provident Fund accounts.  https://ift.tt/eA8V8J February 21, 2021 at 05:11PM Every month at least 12 per cent of an employee's basic salary and performance wages is mandatorily deducted in the form of Provident Fund. The employer adds 12 per cent from his share. In this fashion, the government wants to limit the high-salaried persons from self contributing more to their Provident Fund accounts. 

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