Your employer's EPF, NPS contribution can be taxable in your hands: Here's how to check if it is

As per the announcement made in Budget 2020, if an employer's total contribution to the EPF, NPS and superannuation fund exceeds Rs 7.5 lakh in a financial year, then the excess contribution will be taxable to an employee. Further, any interest, dividend etc. earned on the excess contribution is also taxable. This income tax rule is effective from April 1, 2020, onwards.

from Tax-Wealth-Economic Times https://ift.tt/2NFlmVn