tag:blogger.com,1999:blog-7036721709697976873.post8305169795172198132..comments2023-09-01T23:33:35.514-07:00Comments on SavingsFunda: Pros and Cons of Public Provident Fund (PPF) Account for Tax Saving on Indiajavin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7036721709697976873.post-6510736399708473492016-03-04T05:12:19.017-08:002016-03-04T05:12:19.017-08:00As per the latest budget 2016, EPF gains will be t...As per the latest budget 2016, EPF gains will be taxed now. <br /><br />Here are the main points:<br /><br /> Only 40 per cent of EPF withdrawals are tax-free, unlike 100 per cent earlier.<br /> 60 per cent of EPF withdrawal will be taxed as income if it is not invested in an annuity offered by an insurance company. However, the subsequent income stream from the annuity will be taxed.<br /> The new taxation will apply only to the corpus made with contributions to EPF account after 1st April. The current accumulated corpus, and its further accumulation, will not be taxed at all.<br />Anonymousnoreply@blogger.com