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Rahul demands rollback of proposed EPF withdrawal tax

By PTC News Desk -- March 3rd 2016 03:28 PM

Rahul demands rollback of proposed EPF withdrawal tax

New Delhi, Mar 3 (PTI) Congress Vice President Rahul Gandhi today

demanded that Prime Minister Narendra Modi roll back the proposal

for taxing employee provident fund withdrawals.

"EPF is the safety net of the employees and imposing a tax on this

is wrong. I will urge the Prime Minister to announce... That the

tax will be rolled back," Gandhi said.

He said that Modi should instill onfidence in the employees and

voters by withdrawing the proposal.

The total portfolio under the pension and provident fund scheme

is estimated to be around Rs 6.5 lakh crore.

Taking a jibe again at the Government's proposed amnesty scheme

on black money, announced by Jaitley in the Union Budget for the

next fiscal, the Congress Vice President said that the relief should

be given to the employees and not to the "thieves."

"I had said yesterday that you (Modi) have given the fair and lovely

scheme to thieves. (Instead) Our voters and employees should get

relief," he added.

Picking on the one-time compliance window announced in the Budget

as a "Fair and Lovely" scheme, Gandhi had yesterday said this was

nothing but a move to turn the black money into white.

"The Finance Minister has announced a new scheme-Fair and Lovely

scheme. In this scheme, any thief of the country can convert his

black money into white. If anyone indulges in corruption, he can

convert his black money into white using the Fair and Lovely scheme,"

Gandhi had said.

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