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Govt. Clarifies EPF Provision: Only The Interest Will Be Taxed, Not The Principal Amount
Image Source: thehindu After outrage on Arun Jaitely announcement stating to tax 60% of the provident fund corpus at the time of withdrawal, Revenue Secretary Hasmukh Adhia clarified today that “Only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed;...