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Saturday, March 5, 2016

Fin Min's 11-Point Clarification on EPF taxation

Fin Min's 11-Point Clarification on EPF taxation: (i) The purpose of this reform of making the change in tax regime is to encourage more number of private sector employees to go for pension security after retirement instead of withdrawing the entire money from the Provident Fund Account.(ii) Towards this objective, the Government has announced that 40 per cent of the total corpus withdrawn at the time of retirement will be tax exempt both under r....
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