- 540 Views
- 28 Jul 2021
- CS Deepak P. Singh
- Finance, Income Tax, CBDT, Notifications, Rules, Accounts, Updates, Knowledge, Compliance,
In Case of Contribution By Employer in Excess of RS. 7.50 Lakhs Payment in EPF/NPS/SF of Employees The Finance Act 2020 introduced a new provision under the Income-tax Act, 1961 (the Act) by virtue of which employer contribution to Employers Provident Fund (EPF), National Pension System (NPS) or any other superannuation fund (‘SF’), exceeding Rs 7,50,000 per annum in aggregat......