Govt to consider partial rollback of tax on EPF
The Government today promised to consider a partial rollback of the proposal to tax 60% of withdrawals from Employees' Provident Fund (EPF) and a ceiling on employers contribution. It, however, made it clear that Public Provident Fund (PPF) will continue to be tax-free. Finance Minister Arun Jaitley had made the proposal to tax EPF withdrawals in the Budget 2016-17.