Saturday, 5 March 2016

A further comment disapproving the taxation of EPF withdrawals

My Comment on an article "IRDAI asks finance minister to fix tax anamolies in annuities" published in the economictimes.com dated 04/03/2016


They should not tax any portion of the EPF amount whether principal or interest, whether it is earned after April 2016 or prior to it. 

Why should you punish the new entrants to EPF? Are they not humans? Do they not deserve old age protection? Do you expect them to be better off at their old age than present generations?"

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