With­draw ‘un­fair’ EPF tax: Rahul to PM

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent ht­metro@hin­dus­tan­times.com

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.

ARVIND YA­DAV/ HT

Congress vice-pres­i­dent Rahul Gandhi ad­dresses me­di­a­per­sons at Par­lia­ment House on Thurs­day.

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