Finance minister Arun Jaitley on Tuesday announced the rollback of proposed tax on withdrawals from employees' provident fund.
"The purpose to tax EPF withdrawals was to encourage a pensioned society. However, in view of the representations made to the government against the proposed tax, I withdraw it" finance minister Arun Jaitley informed the Lok Sabha on Tuesday.
However, the tax proposal for NPS scheme has been retained....
Arun Jaitley rolls back proposal to tax EPF withdrawal
"The purpose to tax EPF withdrawals was to encourage a pensioned society. However, in view of the representations made to the government against the proposed tax, I withdraw it" finance minister Arun Jaitley informed the Lok Sabha on Tuesday.
However, the tax proposal for NPS scheme has been retained....
Arun Jaitley rolls back proposal to tax EPF withdrawal