'1.2L to be impacted by new tax proposal on PF'

Amid criticism over the pAmid criticism over the proposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums”.roposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums”.

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