1. Budget 2016: Mahila Congress demands EPF tax rollback

Budget 2016: Mahila Congress demands EPF tax rollback

Shobha Ojha, president, said the central government's proposal to make provident fund taxable shows government is "insensitive mindset" towards working class.

By: | Updated: March 5, 2016 2:16 PM
corporate bond EPF tax rollback: Women’s wing of the Congress party condemned the budget proposals as it would “adversely affect the employees” and government is “burdening” the middle class.

EPF tax rollback: All India Mahila Congress on Saturday staged a protest outside BJP headquarters demanding immediate rollback of tax on Employees’ Provident Fund (EPF).

Shobha Ojha, president, said the central government’s proposal to make provident fund taxable shows government is “insensitive mindset” towards working class.

Women’s wing of the Congress party condemned the budget proposals as it would “adversely affect the employees” and government is “burdening” the middle class.

“We are asking for a total rollback of the EPF tax scheme that the government has announced recently,” Ojha said.

She added: “Working class is being tortured by this tax. We will continue this protest across the country. Government is burdening the middle class.”

In his budget speech, Finance Minister Arun Jaitley had said that 60 percent of withdrawals from the provident fund accounts will be taxed on contributions to be made after April 1.

He had said the aim of the move is to make India a more insured and pensioned society.

Tags: EPF
  1. A
    ajay
    Mar 5, 2016 at 11:25 am
    Last time BJP came to power Arun Shourie was selling PSUs to Private Parties. This time Arun Jaitley is selling EPFO savings of service cl to private parties managing annuities. Mr Jaitley is acting as Insurance Agent for Multinational Insurance Companies, bowing to their wishes he has already increased FDI in Insurance sector to 49%. No wonder Mr Jaitley lost elections and had to be brought in through back door entry. Smooth talking Mr jayant Sinha is his accomplice in this act. Remember when his father Mr Yashwant Sinha brought in Rs 40 increase in LPG prices and 5% service tax. Mr Modi is also involved as has given a go ahead for taxing EPF. BJP is now very conviniently playing Good Cop - Bad Cop game with the common man. Believe me BJP miniters have hatched this plot together and are equally responsible. Mr Hasmukh Aadhia is merely a servant echoing his Masters voice like a parrot. AAche Din aa e Mr. Modi has snatched Rs 15,00,000 /- from all service cl people accounts which he had promised to put in their accounts by bringing black money back to India. This is the retirement money a service cl person aculates after working for 30 - 35 years. For Black money ders he has brought in a scheme with no questions asked. BJP has proved themselves to be a anti service cl government both times it has come to power. Please dont vote for BJP and please ensure your family and kin ( children, their families and their relatives ) dont vote for this anti service cl / anti middle cl party. Lets all vow for a "BJP MUKT BHARAT" . Lets start with the embly elections this year.
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