Provident Fund Exceeding Rs 2.5 Lakh To Stop Earning Tax Free Interest From April

Provident fund subscribers who invest more than Rs 2.5 lakh in their provident fund accounts in a year will not be able to earn the mandated 8.5 per cent tax free return from next month. Interest earned on amount exceeding Rs 2.5 lakh will be taxable as per the Budget announcements for next financial year which starts from April 1.