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Wealthy PF investors may opt for debt funds as Budget changes tax rule
Wealthy investors who park their spare money in voluntary provident fund (VPF) accounts may consider moving to debt mutual funds after the Union Budget’s new proposals. Interest on provident fund (PF) was exempt from tax. The Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021. Read more
GST Council may take up rationalising tax rates, slab merger in next meet
The next Goods and Services Tax (GST) Council meeting in
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