Sunday, 28 February 2016

A Comment on Economic Survey's proposal to tax PPF interest withdrawals

My Comment on an article titled "Tax PPF returns at the time of withdrawal, says Economic Survey" published in the Dated 27/02/2016 at 10:50 pm. 

"Taxing interest earned is an injustice. 

Most people may not be having any other sources of income except these small savings schemes like PPF,Fixed Deposits,Time deposits and NSCs. 

Common man and retired people meet their regular monthly expenses from these incomes only. So, they should not be deprived of their bread by reducing their earnings. 

Government should realise this fact and should not heed to Economic Survey proposals."

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