Wed, Mar 02, 2016, 06:27 AM
The BJP-led NDA government's mixed messaging on the PF withdrawal tax made middle-class angry. Top sources have said that only interest on 60% PF withdrawals will be taxed, but there is no official announcement from the government yet. There are serious questions asked by people why tax EPF withdrawals and waive loans of the rich. With public outrage from all quarters, the Centre might rollback its decision partially.