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

By
Daily Excelsior
-

PPF contributions will continue to be tax exempt; no tax
on withdrawal: Revenue Secretary Hasmukh Adhia.
Small salaried employees with up to Rs 15,000/month income
will be kept out of purview of proposed taxation of EPF: Adhia.
Only interest accrued on 60 per cent contribution to EPF
after April 1, 2016 will be taxed; principal amount to remain tax exempt.
(AGENCIES)

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