Did you withdraw money from PPF, EPF accounts during COVID-19 pandemic? Here are the tax implications
All of us know that several companies have cut salaries and laid off employees amid loss of business due to the Covid-19 lockdown. This has hit employees hard, forcing them to withdraw money from their investments like Public Provident Fund (PPF) and Employees' Provident Fund (EPF).
It is important to know that in case you made any of these withdrawals in the last six months, you should know about the tax implications. Source - PTI.