Withdraw ‘unfair’ EPF tax: Rahul to PM
NEW DELHI: Congress vice-president Rahul Gandhi on Thursday urged Prime Minister Narendra Modi to withdraw the budgetary proposal to tax the employees’ provident fund (EPF).
“EPF is the safety net of employees and imposing a tax on this is wrong. I will urge the Prime Minister to announce the rollback of the tax,” Gandhi told reporters in the Parliament House complex.
The Congress V-P has joined a growing chorus of people who have been demanding withdrawal of the proposed tax to give relief to employees
In the 2016-17 budget speech, finance minister Arun Jaitley had proposed that 60% of withdrawal from contribution to EPF
made after April 1 this year will be subject to tax. However, an official press note later said the demands for levying tax only on the accumulated returns on the corpus and not on the contributed amount was under government’ consideration.
The total portfolio under the pension and provident fund scheme is estimated to be around Rs 6.5 lakh crore.
“I had said yesterday that you (government) have given the fair and lovely scheme to thieves. Our voters and employees should get relief,” Gandhi said, once again taking a jibe again at the proposed single-window compliance scheme on black money announced in the budget.
He said Modi should instill confidence among employees and voters by withdrawing the proposal.
Congress vice-president Rahul Gandhi addresses mediapersons at Parliament House on Thursday.