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Unions oppose tax on PF withdrawals
Rejecting government’s contention that proposed tax on EPF withdrawals was aimed at moving towards pensioned society, trade unions on Wednesday said retirement fund body EPFO which has over 5 crore subscribers already provides pension under its social security scheme
By
migrator
migrator
New Delhi
“Seeing widest opposition to taxing the EPF withdrawals, Finance Minister Arun Jaitley is now trying to mince his words. EPFO runs a comprehensive scheme which has all components -- provident fund, pension and insurance,” All India Trade Union Congress Secretary and an EPFO trustee D L Sachdev said.
RSS-backed Bhartiya Mazdoor Sangh president B N Rai described Jaitley’s contention as “lameduck argument”. He said, “There is Employees’ Pension Scheme, 1995, run by EPFO which provides for pension after the age of 58 years.”
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