According to latest DTC - provident fund investments would continue to be treated under exempt exempt and exempt (EEE) regime, which means that the investments would be tax exempt at the investment stage, earnings stage (when interests are earned) and withdrawal stage. The pure insurance products have also been treated on the EEE basis.
The EEE method of taxation will be applied for Government Provident Fund (GPF), Public Provident Fund (PPF) and Recognised Provident Funds (RPFs) and the pension scheme administered by the Pension Fund Regulatory and Development Authority.
Similarly, approved pure life insurance products and annuity schemes will also be subject to EEE method of tax treatment.