Only interest accrued on 60% contribution to EPF to be taxed: Govt clarifies

March 01, 2016 11:48

Revenue secretary Hasmukh Adhia: Only interest accrued on 60% contribution to EPF after April 1, 2016 will be taxed;principal amount to remain tax exempt

PPF contributions will continue to be tax exempt; no tax on withdrawal.

Small salaried employees with up to Rs 15,000/month income will be kept out of purview of proposed taxation of EPF.

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