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After sharp criticism of a Budget proposal to tax 60 per cent of the amount withdrawn from the Employees' Provident Fund, the Union finance ministry will consider suggestions for partially withdrawing it. Show full article Read more from our special coverage on "EPFO, BUDGET 2016 " EPF tax: Its a healthy proposal

The revision of interest rates on small savings schemes would make them unattractive to small investors in the current interest rate scenario. Along with cutting the interest rates on short-term savings instruments by 0.25 per cent, the government has also made them market-linked, which will be revised every quarter.  The labour ministry, on the other hand, raised the interest rate on employees’ provident fund (EPF) by a meagre five basis points to 8.8 per cent. Read Full Article Over Here :  Business Standard News