News Arun Jaitley rolls back proposal to tax EPF withdrawal

[Deepu]

Finance minister Arun Jaitley on Tuesday announced the rollback of proposed tax on withdrawals from employees' provident fund.

"The purpose to tax EPF withdrawals was to encourage a pensioned society. However, in view of the representations made to the government against the proposed tax, I withdraw it" finance minister Arun Jaitley informed the Lok Sabha on Tuesday.

However, the tax proposal for NPS scheme has been retained.

Arun Jaitley rolls back proposal to tax EPF withdrawal - Times of India

 

[Sanjeev]

So after pressure they rolled back it

 

[Devesh]

Ye to hona hee tha... Saala Arun jaitley samajhta kya hair...

 

[whitebunny]

Finally some thing to cheer about

 

[DashMajor]

 

[Technoglitch]

Something to cheer for working class people.

 

[scorpionking76]

And finally credit taken by pogo

 

[Technoglitch]

is it?

 

[scorpionking76]

Yeah.... he has tweeted

 

[Technoglitch]

ongress vice-president Rahul Gandhi on Tuesday claimed credit for government's decision to roll back the proposal to tax employees' provident fund (EPF) withdrawals.

"My pressure worked," said Rahul Gandhi reacting to finance minister Arun Jaitley's announcement in Parliament.

"I felt middle-class people were being hurt by the government, so I decided to put some pressure. Happy that they've got some relief," said Rahul Gandhi talking to reporters

'My pressure worked': Rahul Gandhi claims credit for roll back of tax on EPF withdrawal - Times of India