Put over Rs 2.5 lakh in PF? Interest may face annual deduction

Sources told TOI that the government is looking to prescribe two sets of accounts for those contributing over Rs 2.5 lakh annually. The first would be for up to the threshold, while the other would capture the interest income above the taxfree level. The accounts would be maintained by PF authorities, officials indicated.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/put-over-rs-2-5-lakh-in-pf-interest-may-face-annual-deduction/articleshow/80965984.cms