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What about amounts above Rs.1Lakh
by hkollar on Sep 01, 2005 11:50 AM

The EET model doesnt work well for people who have Provident Fund amounts that exceeds Rs100,000 that is exempt. If the PF will be taxed on withdrawal, then the amount above 1Lakh per year would end up getting taxed twice. This doesn't make sense.


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The above message is part of the Discussion Board:
Will my savings be taxed?