Notice to ETF Board, Provident Funds and Employers who have retained the Tax on Terminal Benefits to Retiring Employees;
Any amount retained by the ETF Board, any Provident Fund or Employer, as income tax on terminal benefits due for the retiring employees for which such employees were required to produce a Direction from the IRD within 90 days from the date of such retention of tax, and if that 90 days period expires on or after 06-10-2020, such 90 days period for retention of tax deducted by the ETF Board, any Provident Fund or Employer, has been extended up to 31st December, 2020, considering the COVID-19 pandemic situation prevailing in the country.
