September 27, 2010 9:39 pm
Can you tell me that weather EPF will be taxable in DTC or not ,as of today?
The revised DTC proposed to continue with the exempt-exempt-exempt (EEE) regime for Government Provident Fund (GPF), Public Provident Fund (PPF) and Recognised Provident Funds (RPFs) and the pension scheme administered by the Pension Fund Regulatory and Development Authority.
Revised DTC: Under RDTC, the Public Provident Fund (PPF), Employees’ Provident Fund (EPF) or any other provident fund proceeds continue to be tax-free.
As of today EPF is not taxable, even when DTC comes they will not tax EPF because the main aim of EPF is to generate income for retirement.
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