After the backlash against the tax on the Employees’ Provident Fund (EPF), the government should get ready for opposition to its proposal allowing EPF members to switch to the New Pension System (NPS). Only this time the government may be unfairly targeted because the switching rules it has framed for EPF and NPS are quite flexible and subscriber-friendly.The proposal to switch from EPF… Read more »

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… Read more »

Central trade unions will observe day-long protest across the country on Thursday against the government’s “attack on PF” and “anti-labour anti-labour policies”, a union leader said today.  “We observe a protest on March 10 against attack on PF and anti-labour practices being adopted by the government,” All India Trade Union Congress General Secretary Gurudas Dasgupta… Read more »