With the introduction of the new income tax regime, several exemptions and deductions have been removed—including the popular Section 80C benefits. One of the most affected areas? Your Provident Fund (PF). Whether you are a salaried professional or a seasoned taxpayer, it is crucial to understand how your PF contributions and returns are now treated under the revised rules.
Let’s decode what’s changed, what’s still exempt, and how you can balance your investments better with fixed-return instruments like Fixed Deposits (FDs).