EPF Taxation: Inputs Sought
Budget 2016 has proposed to levy a tax on 60% of the EPF Withdrawal amount.
Kindly share your inputs on how should the EPF work so people are discouraged from withdrawing from their EPF account before retirement. Also, they should do not have to pay taxes at retirement when Provident Fund is their primary source of income.
Also, if you have examples from how retirement pensions work in other countries, please share them
We look forward to your inputs and will also conduct a poll on the same shortly for submission to the Government for consideration! more
Kindly share your inputs on how should the EPF work so people are discouraged from withdrawing from their EPF account before retirement. Also, they should do not have to pay taxes at retirement when Provident Fund is their primary source of income.
Also, if you have examples from how retirement pensions work in other countries, please share them
We look forward to your inputs and will also conduct a poll on the same shortly for submission to the Government for consideration! more
Viewed by 9300
View all 162 comments Below 162 comments
MODIJI,THANKS 4 TAKING DECISION BACK,BUT LOT WORK HAS TO B DONE,4 FARMERS,WORKERS ,COMMON MAN,POORS ,DO WORK PLEASE FAST ,OTHERWISE NEXT ELECTION WIL BE HARD 4 BJP & I AM WORRIED ABOUT THIS ,BANISH CONGRESS,PAWAR,LEFTIST,JAYLALITA ETC FROM INDIA BY UR GOOD WORK & EXPOSE THE OPPOSITIONS IN EVERY MEDIA EVERY WERE & ASK SOME BJP MLAS TO KEEP MUM,DO SOMETHING FAST & BEST more
Mar 10
I thought that this govt will not be tax-raj govt like Cong. But I am disappointed that taxes are only getting worser and not any better. I also thought $ will be weaker since money laundering overseas will not be there. But somehow the $ rate is increasing constantly. more
Mar 09
As per my knowledge with the retirement plans in other countries, the EPF withdrawal is discouraged by taking the taxes when withdrawn before certain age. But as per recent budget it was applicable to all!! which should not be the case. If Govt. just wants to discourage withdrawal only by doing this then they can put the age bar for applying tax. But for retirement age, the tax should NOT certainly be there. more
Mar 08
I don't know what made Crazy to the Government to target the tax EPF part , which is the hard earned earnings for an employee during his retirement , my humble request to the government is to please withdraw this and make every single employee proud of this...please don't steal it from us...if you want to tax , please tax on other luxury things... more
Mar 08
