Team,
Since EPFO interest on employee contributions above 2.5L were made taxable, IIRC, the EPFO was supposed to maintain two books. The passbook last year, had a clear section ‘Taxable Data for the year’ which captured this detail. This year, the whole section has vanished from the passbook.
Given this background, I wanted to understand how to deal with this:
- Is this missing from everyone’s passbook or is it just something a few people are facing? If any of you have already filed and qualify for the taxation above 2.5, please do share your views.
- Given that its not prudent to wait longer for EPFO to update this - how can one manually calculate this and file as appropriate?
Thank you.