PF Accounts To Be Split Into Two From April 1: 5 Key Points

New Delhi: From April 1, existing provident fund (PF) accounts are likely to be divided into two parts. In September last year, the government had notified new income tax (I-T) rules, under which the PF accounts will be split into two. The step will allow the Centre to tax PF income on employee contributions of over Rs 2.5 lakh annually.