No Tax on EPF, Finance Minister Withdraws Proposal
File Pic New Delhi/Nagpur: In the face of stiff opposition, Finance Minister Arun Jaitley today withdrew his Budget proposal to tax employees' provident fund (EPF) at withdrawal. Jaitley had in his Budget for 2016-17 proposed to tax withdrawal of 60 per...
No tax on PPF, only interest on 60% EPF withdrawal will be taxed, clarifies Centre
NewDelhi/Nagpur: After a huge uproar and the confusion over a proposal in Budget 2016 to tax 10% of employee provident fund withdrawals, the Finance Ministry has issued a clarification. Explaining the proposal, Revenue Secretary Hasmukh Adhia said contributions to the...
