Budget 2016: Why government is wrong in taxing EPF

THE ECONOMIC TIMES Sat, Mar 05, 2016 | 11:56 AM IST Weekly Platter Newsletter

Budget 2016: Highlights of FM Arun Jaitley's speech "IMF has hailed India as a bright spot. Let us look at our achievements compared to the last three years of the last government. We inherited an economy with low growth and high inflation," Jaitley said. read more Budget 2016: Here's the list of what's cheaper & what's dearer As a result of additional levy of Krishi Kalyan and infrastructure cess, activities including eating out and payment of bills will become more expensive. Budget 2016: Steady Arun Jaitley keeps economic meter ticking In the face of threatening global financial squalls, the Budget provides credibility, a steady course for steering the economy.

Editor's Pick Budget 2016: Why government is wrong in taxing EPF The best way to tax savings is indeed to exempt them at the time of contribution, exempt them at the time of accumulation and tax them at the time of withdrawal. How Ringing Bells, founded by Mohit and Dhaarna Goel, plans to make the cheapest smartphone The duo who got married in January this year allude to their lack of pedigree and profile for the dollops of scepticism directed at them. Flipkart's valuation markdown: Billions gone in a flash Morgan Stanley's steep markdown of Flipkart's stock threatens to put a dampener not only on the latest fundraising but also on entire ecommerce market. Budget 2016: Fiscal policy puts ball in Raghuram Rajan's court now, says Jayant Sinha Minister of State for finance Jayant Sinha says the Budget has given macroeconomic stability needed to shape RBI's monetary policy.

Most Popular This Week Government may offer up to 15% discount on new vehicles if you junk your old ones 10 ideas from citizens made it to the Budget 2016 this year Some people not learning with age, says PM Modi in jibe at Rahul Gandhi Asia may soon be facing its first petrol squeeze in more than 15 years Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya

Story of The Week Budget 2016: PPF stays on exemption list, only EPF interest to attract tax Hasmukh Adhia said the Budget 2016 proposal to tax 60 per cent of EPF withdrawal will affect less than one-fifth of employees with high salaries. read more

Money

Budget 2016: 6 ways to pay less tax, legally HRA gives you a bigger break than a company flat? This is designed to help you understand the key tax proposals of the Budget and minimize the pinch. Budget 2016: A 25-year-old could lose 18% of retirement income Even those in the middle of their career face the prospects of losing between Rs 10 lakh and Rs 20 lakh (12% to 8%) of their retirement corpus.

Stock Round Up Sensex gains 39 points to cap best weekly since 2009, Nifty50 tops 7,495 Equity benchmark Sensex swung about 150 pts between the high and low points of the day, but ended the day to clock the highest weekly gain since May 2009.

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