Employer's Contribution to PF Above Rs 1.5 Lakh To Be Taxed

While the Budget proposal to tax Employee Provident Fund (EPF) withdrawal has stumped the salaried class, two other announcements in the Budget have not attracted much attention so far.  The Budget proposes to cap the annual employer contribution to EPF at Rs 1.5 lakh per year. Currently, there is no monetary limit on the employer contribution under EPF, with only ceiling being that it would be 12 per cent of the salary of the emplo...