https://www.taxtmi.com/news?id=15820 Revised tax treatment requires a portion of provident and NPS corpus withdrawn at retirement to be tax exempt, and stipulates that amounts subsequently invested in an annuity will not be taxable; transfers of the original corpus to heirs after the annuitant's death are also tax free. The Budget leaves EPF coverage within the statutory wage limit unchanged, alters withdrawal tax treatment for voluntary higher paid EPF members to link tax exemption to annuitisation of a portion of corpus, and introduces a monetary ceiling on employer contributions for tax purposes, with representations on these points to be considered by the Finance Minister. en-us Tue, 01 Mar 2016 16:08:29 +0530 Tue, 01 Mar 2016 16:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15820 Revised tax treatment requires a portion of provident and NPS corpus withdrawn at retirement to be tax exempt, and stipulates that amounts subsequently invested in an annuity will not be taxable; transfers of the original corpus to heirs after the annuitant's death are also tax free. The Budget leaves EPF coverage within the statutory wage limit unchanged, alters withdrawal tax treatment for voluntary higher paid EPF members to link tax exemption to annuitisation of a portion of corpus, and introduces a monetary ceiling on employer contributions for tax purposes, with representations on these points to be considered by the Finance Minister. News - Tue, 01 Mar 2016 16:08:29 +0530 https://www.taxtmi.com/news?id=15820