Do We Need The Epfo Minting Money At Corporate Expense?

Restructure the organisation

AMIT GOPAL

Assistant vice-president,

India Life AMC

The last weekend saw a long debate on provident fund rates end with the EPFO (Employment Provident Fund Organisation) deciding the rate of interest.

The resulting ambiguity (concept of bonus, its applicability to exempt PFs, computation and taxability) remains unresolved; akin to the ambiguity in the EPFO