-
EPF tax rollback row: Lashing out at the BJP led Centre over its plan to tax pension withdrawals by private sector employees, Bihar Chief Minister Nitish Kumar on Saturday said that the Employees Provident Fund (EPF) further puts the financial future of India's youth in jeopardy. (PTI)
-
EPF tax rollback row: "GOI has barely delivered on their promise of creating jobs & now a tax on EPF further puts the financial future of our youth in jeopardy. Acc. to 14th Finance Commission recommendations, central funds to Bihar had already decreased significantly by 10.8%," Nitish tweeted. (Twitter)
-
EPF tax rollback row: Nitish Kumar asserted that now with the imposition of the new cesses, the NDA government has further 'swindled' the states of their share. If implemented, the EPF tax plan could hit lakhs of employees who pay up to 33 percent tax on income, forcing them to explore other options to save for their old age. (PTI)
-
8. Aadhaar Bill: Aadhaar Bill: Arun Jaitley said discussion on the institution of Aadhaar has been going on for over seven years after the then UPA government approved a bill in September, 2010 and introduced in Parliament that December. "Entire discussion in seven years has now culminated," he said, noting that it was discussed in standing committee and extensive public suggestions were also received, as he stressed that the government had taken note of all this. (PTI)
-
EPF tax rollback row: A high-level meeting took place between the officials of Prime Minister's Office (PMO) and Finance Ministry on March 3 where in EPF tax proposals were discussed. Finance Minister Arun Jaitley, who had proposed a change in rule aiming at reducing litigation and increasing transparency in the Union Budget 2016, is likely to make an official statement in the House outlining the revised proposal.
-
EPF tax rollback row: According to the impositions, only 70 lakh out of 3.70 crore active EPF subscribers will be impacted by the proposed tax change, a rethink has been prompted because of protests from the vocal middle class. The EPF tax plan is the only major proposal in Budget 2016 to have attracted significant criticism.
‘Comfort is a trap’: Software engineer’s 15-year journey ends with hard truths, says ‘performance isn’t enough’
