Become a Govt. Certified GST Practitioner in just 58 hours. Register Now!

Pf new rule

Accounting Home Services (Finance Executive ) (734 Points)

26 February 2016

I am not happy with PF withdrawal New Rule, What Do You Think,

Reply
Follow
Share

5 Replies

Sathish M (Management Accountant) (40581 Points)
Replied 26 February 2016

The government in its wisdom has thought of ensuring a corpus to be utilised like a pension fund when you retire.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Arpit Shah (Accountant) (21438 Points)
Replied 26 February 2016

1 Like

Accounting Home Services (Finance Executive ) (734 Points)
Replied 26 February 2016

It's impact on common people life too much, we don't know what happend tomorrow, how we can sure after 58 Years. Rule should be get back,

Sathish M (Management Accountant) (40581 Points)
Replied 26 February 2016

Yes sir, your concerns are genuine and exactly for this reason the Government has felt the need to devise a mechanism, in the event of any unfortunate incident, your loved ones can be compensated with the amount which you have contributed over the years.

This may look like an uncomfortable situation for a common man in the short run, but it in the long run this can provide some security to you when you retire or for your loved ones when you are no more.

1 Like