Finance Minister Nirmala Sitharaman in Budget 2021 had said that any interest on the employee contribution to provident fund above Rs 2.5 lakh will now be taxed. Before this, all interest on EPF was tax free.

To understand whether this makes EPF or voluntary provident fund not a lucrative option and whether one should switch to other asset classes, CNBC-TV18’s Sonia Shenoy spoke to Chethan Shenoy, Director – Products and Advisory at Anand Rathi Wealth Management.

Watch video for more.

(Edited by : Bivekananda Biswas)