This year budget is a big blow for service class. 60% of PF withdrawl will be taxed.
That means if somebody gets 25 lakhs of PF on retirement then 15 laksh of the ampount will be taxable at the rate of 33% that means he has to pay 5 lakhs as tax.
VERY BIG AND UNJUST PUNISHMENT ON DATE OF RETIREMENT.
That means if somebody gets 25 lakhs of PF on retirement then 15 laksh of the ampount will be taxable at the rate of 33% that means he has to pay 5 lakhs as tax.
VERY BIG AND UNJUST PUNISHMENT ON DATE OF RETIREMENT.
