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Deduct Tax at Source News

21 May 2015

EPFO to deduct TDS on PF withdrawals in some cases from June

Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years.

19 Oct 2014

Your insurance payout will now come after a tax cut!

In a quiet move, the impact of which is being felt only now, the statute books have been amended to deduct tax at source on some insurance payouts, which could particularly affect people above 45 and those with single-premium policies.

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