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After PM intervention, taxing PF of employees have been put on hold

After an intervention from the Prime Minister Narendra Modi, the government plans to levy tax on 60% of employees’ provident fund withdrawal has been currently put on hold.

Finance minister Arun Jaitley will announce the decision in Lok Sabha on Tuesday when Parliament reassembles.

According to reports in a news daily, sources have revealed that the matter was put on hold so that it can be studied in detail in view of protests from the salaried middle class.

 

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