Your DSOP/ PF subscriptions are now capped at ₹5 Lakhs. What should you do?
Since 01 Apr 2021, DSOP/PF subscriptions were limited to ₹5 Lakhs, and any amount greater than ₹5 Lakhs was being considered as a Fixed Deposit and was subjected to tax as per individual tax bracket. The same was reflected in Pay slip statement with two accounts within the provident fund account. Wherein, one was capturing […]