Wed, Mar 09, 2016, 01:54 AM
The Government of India has imposed tax on the withdrawal of EPF and this has received severe backlash from employees and opposition parties which finally made the Government to withdraw the tax. Here it is discussed what the reason was for the Finance Minister to propose a tax on EPF withdrawals if the ministry says that the objective was 'not to get more revenue'. Did mounting pressure from public lead to withdrawal of the proposal? Should the finance ministry not have taken advice from all quarters before making such a recommendation?.