New Delhi: In a major relief to the salaried class, the government on Tuesday cancelled the new Provident Fund withdrawal norms under which one could not withdraw their full contribution to the fund till they attend the age of 58 years.
This cancellation of the new norms means that an employee can now withdraw the entire corpus accumulated under the EPF tax free.
We're cancelling notification (restricting complete withdrawal of PF) of 10th Feb 2016,old system will continue, Union Labour Minister B Dattatreya said.
No comments:
Post a Comment