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Don’t tax EPF & PPF

The noise being made over the Budget proposal to tax 60 per cent of the interest earned by EPF and PPF subscribers is music to the ears of the common man.

The noise being made over the Budget proposal to tax 60 per cent of the interest earned by EPF and PPF subscribers is music to the ears of the common man. How can the government have the audacity to bring the lower income groups’ only major savings instrument at par with other market-linked investment instruments such as the National Pension Scheme The labour unions are right to make an issue of this tax.

Ashwin Bajaj

Via email

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