Image Source: financialexpress
April 1, 2016“. The measure smacks of brutality on citizens who pay various taxes.
Let us break it down to the following questions
Employee’s Provident Fund (EPF) is a retirement benefits scheme that’s available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organisation of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO. It’s a savings platform that helps employees save a fraction of their salary every month that can be used in the event that you are rendered unable to work, or upon retirement.
Despite all these waivers mentioned above and many others not mentioned, it is only the salaried citizen who is at the receiving end of the brutal taxation laws. Taxing the salaried citizen should be the last thing in mind given the enormous contribution through taxes and expenditure a salaried citizen is making.
The Logical Indian shares the frustrations of many citizens who have voiced their discomfort with the new tax proposal. We demand immediate rollback of the proposed taxation on EPF. If the government cannot bring relief to the citizen, it should not burden them with additional taxes.
