All posts tagged: Saving

EPF Withdrawal Rules: Be aware of the new rule that may require you to pay 30% tax when you remove money from your PF

The Employees Provident Fund Organization (EPFO) has proposed new EPF withdrawal rules. It emphasizes that, under typical circumstances, employees cannot withdraw their provident fund before retirement, although partial withdrawal is permitted in exceptional situations such as medical emergency, further education, and purchasing/building a home.

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