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Saturday, March 5, 2016

Prime Minister to decide on reversing proposal to tax EPF withdrawals

Prime Minister to decide on reversing proposal to tax EPF withdrawals: Prime Minister Narendra Modi will decide on whether the government should reverse a Budget decision to tax withdrawals from the Employee Provident Fund or EPF, sources said, after widespread outrage over the move.Sources said a complete rollback of the Budget proposal is unlikely, but the government is looking at ways to soften the blow for about 6.5 crore salaried people.Finance Minister Arun Jai....
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