Top 20 high net worth individuals used PF accounts to park Rs 825 crore, govt says
Top 20 high net worth individuals used PF accounts to park Rs 825 crore, govt says
Government sources have disclosed staggering numbers put in by High Net Worth Individuals in their PF accounts to avail tax benefits.
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(Photo for representation)
The top 20 high net worth individuals (HNIs) have a combined amount of Rs 825 crore in their provident fund (PF) accounts, as per government sources.
According to sources, 1.5 lakh subscribers which make up for less than 0.3 per cent of the 45 crore base, were contributing huge sums, running into crores into the PF account.
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Economic Affairs Secretary Tarun Bajaj on Friday said the new Public Sector Enterprises (PSE) policy will be an ambitious one. He also expressed optimism that the economy will improve in the remaining part of the fiscal .
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