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Page 22 - Epfo

Finance minister Arun Jaitley hints at partial roll back of tax on EPF withdrawal

This is intended to incentivise people in the private sector to use provided fund as a kind of pension, said Jaitley

Finance minister Arun Jaitley hints at partial roll back of tax on EPF withdrawal
Updated On : 02 Mar 2016 | 2:33 PM IST

Finmin clarifies on EPF withdrawals

After an outrage and confusion over the budget proposal to tax employee provident fund (EPF) withdrawal, the ministry of finance clarified on Tuesday that 60% corpus will be taxed only if withdrawn in lump sum instead of being invested in annuity after maturity.

Finmin clarifies on EPF withdrawals
Updated On : 01 Mar 2016 | 6:31 PM IST

Why Arun Jaitley's move to tax EPF withdrawal is morally wrong

Rather than correcting a bad instrument like NPS, Jaitley and his team of experts preferred to make all pension plans equally bad

Why Arun Jaitley's move to tax EPF withdrawal is morally wrong
Updated On : 01 Mar 2016 | 1:06 PM IST

Pay interest on retained PF or give entire amount: Unions

Earlier this month, the EPFO tightened the norms for withdrawals of PF accumulations for its over five crore subscribers

Pay interest on retained PF or give entire amount: Unions
Updated On : 29 Feb 2016 | 12:00 AM IST