Union Budget 2016: No change in existing income tax slabs
FM proposed govt’s plans to pay EPF contribution of 8.33% for all new employees for first three years
Feb 29, 2016 06:02 IST India Infoline News Service

Besides, FM proposed govt’s plans to pay EPF contribution of 8.33% for all new employees for first three years and unveiled the plans to allocate Rs. Rs 1,000 crore for new EPF (Employees' Provident Fund) scheme. Lastly, 15 per cent surcharge was levied on income above Rs. 1 crore.