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EPF tax News

09 Mar 2016

Bad news! You can't withdraw your full PF deposit before attaining 58

Retirement fund body EPFO has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers.

09 Mar 2016

BJP mocks Rahul Gandhi, says 'pass GST and take credit for it too'

Finance Minister Arun Jaitley on Wednesday chided Congress vice-president Rahul Gandhi for taking credit for the rollback of Employees Provident Fund tax on EPF withdrawal.

08 Mar 2016

'EPF tax withdrawal big victory for 2.5 lakh people'

Jaitley had in his Budget 2016-17 proposed to tax withdrawal of 60 percent of accumulations in the Employee Provident Fund after April 1, 2016.

08 Mar 2016

Big victory for salaried class! Controversial Budget proposal to tax EPF withdrawal rolled back

Jaitley also announced withdrawal of imposing monetary limit for contribution of employers to provident and superannuation fund of Rs 1.5 lakh for taking tax benefit.

08 Mar 2016

My pressure did work: Rahul Gandhi on govt's decision to roll back EPF tax

"Whenever somebody is being oppressed wrongly or victimized, I tend to try and help those people."

08 Mar 2016

Big win for salaried class! FM Jaitley rolls back Budget proposal to tax EPF withdrawal

In what will bring cheers to millions of salaried class individuals in the country, Finance Minister Arun Jaitley on Tuesday rolled back the controversial budget proposal to tax EPF withdrawals.

08 Mar 2016

EPF Tax: Will FM Arun Jaitley announce rollback of Budgetary proposal today?

The Finance Ministry will reveal final details on the the controversial budget proposal to tax EPF withdrawals during debate on Budget.

07 Mar 2016

PF withdrawal tax: Modi government set to reconsider budgetary proposal

Finance Minister Arun Jaitley, who had proposed a change in rule aiming at reducing litigation and increasing transparency in the Union Budget 2016, is likely to make an official statement in the House outlining the revised proposal.

06 Mar 2016

'EPF tax not a shocker; bad phrasing in Budget speech made it confusing'

The government only wants to encourage investment in pension schemes, it was the phrasing in the Budget speech that caused the confusion over the EPF tax, said a government official.

Labour Minister

06 Mar 2016

FM Arun Jaitley to respond on taxing of EPF withdrawals in Parliament: Labour Minister

Labour Minister Bandaru Dattatreya today said he is holding discussions on the controversial budget proposal to tax EPF withdrawals with the Finance Ministry and government will reveal final details on the issue during the debate on Budget.

05 Mar 2016

EPF tax issue to rock trustees' meet

EPFO trustees' meet later this month is likely to be a stormy affair as trade unions will raise their voice against the Budget proposal of taxing EPF withdrawals.

05 Mar 2016

EPF shocker! Employees unions warn govt of ''serious agitation'' if tax on EPF continues

06 Mar 2016

EPF tax shocker: Finance Ministry to offer relief from tax as PM intervenes; announcement likely on Tuesday

Sensing the outrage among salaried class on the Budget proposal to tax EPF withdrawals, PM Modi is reported to have intervened, following which the Finance Ministry has reviewed the proposal and is likely to offer some relief to taxpayers.

04 Mar 2016

Govt to notify categories of employees exempt from EPF tax

The government will notify categories of employees who will be excluded from the controversial tax proposal on provident fund withdrawals, a Finance Ministry official said Friday.

03 Mar 2016

EPF tax is unfair, govt should withdraw it, says Rahul Gandhi

Opening another front against the Modi government, Congress vice president Rahul Gandhi, Thursday, demanded that the proposal to tax Employees' Provident Fund (EPF) should be withdrawn.

02 Mar 2016

Online campaign against EPF tax gets over 1 lakh support

The petition was started by a finance professional from Gurgaon, Vaibhav Aggarwal, and over 1 lakh people have supported the campaign and it continues to draw thousands of signatures very hour.

03 Mar 2016

EPF tax row: Final stand on taxing during Budget debate, says Arun Jaitley

Facing flak for proposing a tax on employee provident fund withdrawals, Finance Minister Arun Jaitley said he will spell out the final decision on the matter when he replies to the debate on Budget in Parliament.

EPF taxation issue

02 Mar 2016

EPF taxation: Labour Minister says govt in discussion with stakeholders

Clarifying on EPF taxation issue, Labour minister Bandaru Dattatreya on Wednesday said that the government is in discussion with stakeholders and is considering all aspects.

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