Prime Minister Narendra Modi has asked Finance Minister Arun Jaitley to "explore ways to review" the new Budget proposal to tax Employees' Provident Fund or EPF withdrawals, sources have told NDTV. In his budget, Mr Jaitley had proposed that after April 1, 2016, 60 per cent of the amount deposited in the EPF account of the employee will be taxable at the time of withdrawal, while 40 per cent will be tax free. Earlier, the entire EPF deposit was tax free at the time of withdrawal if the employee has completed five years of continuous service. Following criticism from people affected, the opposition, trade unions and even RSS affiliates, the Finance Minister had at a meeting of NDA lawmakers last Tuesday explained the proposal and had said that any decision on a reversal would be taken by the Prime Minister.
Important Links to read the information published by Govt of India, MoD –
- Ministry Of Defence
- Department of Ex-Servicemen Welfare
- Directorate General Resettlement
- Central Organization ECHS
- National Portal of India
- Directorate of Indian Army Veterans
- Directorate of Air Veterans
- Uttar Pradesh Punarvas Nidhi
- Directorate of Sainik Welfare & Rehabilitation, Uttarakhand
- Sainik Kalyan Nideshalaya, Bihar
- Directorate of Sainik Welfare, Chattisgarh
- Nideshalaya, Sainik Kalyan evam Punarwas, Uttar Pradesh
- Department of Sainik Welfare, Rajasthan
- Sainik Welfare Department, J&K
- Directorate of Sainik Welfare, Assam
- Department of Sainik Welfare, Sikkim
- Ministry of Child & Women Development
Veterans Welfare Latest News &
Updates on various issues
related to
Tri Services Pension – SPARSH -OROP
ECHS - CSD
Pay Fixation and Service/Pension Rules
as per orders & Instructions of Govt of India.
Purpose of this website
Pensioners of the Armed Forces are different from pensioners of other departments of the Government of India. Some rules and regulations apply to public services. In order to sensitize them about the various rules, regulations, government programs related to ex-servicemen and the various social assistance programs for families of ex-servicemen, we refer to the government instructions on this subject. , published information on related topics. Here, we will discuss SPARSH, CSD, ECHS, OROP, family pension, disability pension, Service pension, re-employment with life certificate and other welfare activities to increase the awareness of beneficiaries.
Regards,
KS RAMASWAMY
Editor
Mar 5, 2016
Govt. reconsidering taxability of Provident Fund
Subscribe to:
Post Comments (Atom)
Exp:55%
No comments:
Post a Comment
Indian Military Veterans Viewers, ..
Each of you is part of the Indian Military Veterans message.
We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.
Note:
1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
2. The Academic Committee has the full right to reject, reduce or censor opinion.
3. Personal attacks, rude words, comments that are not relevant to the work will be removed
4. We kindly ask you to post a comment using their name and the correct email address.
- INDIAN MILITARY VETERANS- ADMIN