Good News! No TDS for PF withdrawals of up to Rs 50,000 from June 1

Good News! No TDS for PF withdrawals of up to Rs 50,000 from June 1

In a move that would provide major relief to subscribers of retirement fund body EPFO, the government has decided no tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1.

 

Union Budget 2013: 1st time home buyers to get additional tax break of Rs 1 lakh

Finance Minister P Chidambaram Thursday raised tax deduction limit by Rs 1 lakh for the first time home buyers to promote the housing sector.

Chidambaram to launch CPC (TDS) on Saturday

Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance procedure for taxpayers.