Top 20 HNIs have Rs 825 cr in their PF accounts: Govt

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Top 20 HNIs have Rs 825 cr in their PF accounts: Govt
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Synopsis

Amid criticism over the proposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund (PF), the government on Thursday said 1.2 lakh subscribers — which is less than 0.3% of the 4.5-crore base — were contributing “huge sums”.

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The government has argued that a normal subscriber of EPF or General PF for government employees will not be affected by the removal of “anomaly” in the system.

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