You can now relax and be rest assured that the entire 9.5% interest on your Employees Provident Fund (EPF) will be tax free. The assurance comes from the Finance Ministry in response to the protests from trade unions which demanded that whatever rate of return the EPFO announced, had to be tax exempt.

 

This points out to the fact that unless you raise your voice over the unfair practices of the powerful authorities, you cannot get justice. This prompt action by the Finance Ministry has done justice to millions of EPF account holders.

 

We believe that the timely action taken by various sections of the society to raise their voice either by writing a critique article or by protesting, has prompted the regulatory authorities to act in favour of the EPF account holders.

 

Many thanks to all those who reacted to this unfair practice!!!

Add Comments