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Saturday, March 5, 2016

Govt. to consider demands for rollback of tax on EPF withdrawals

Govt. to consider demands for rollback of tax on EPF withdrawals: Under all-round attack, the government on Tuesday promised to consider demands for a partial rollback of the proposal to tax 60 per cent of withdrawals from provident fund and a ceiling on employers contribution but made it clear that PPF will continue to be tax exempt.Earlier in the day, Revenue Secretary Hashmukh Adhia said only 60 per cent of interest on contributions made after April 1, 2016 w....
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