Deduction of Income Tax on 60% of Provident Fund withdrawn – Staff Side JCM reacts
NC Staff Side requests Govt to withdraw Income Tax proposed in the Budget on 60% of amount withdrawn from Provident Fund
National Council (Staff Side)
Joint Consulative Machinery
for Central Government Employees
13-C Ferozshah Road, New Delhi – 110001
Dated:- 15th March, 2016
The Hon’ble Finance Minister,
Government of India,
Sub: Deduction of Income Tax on withdrawal of P.F. 60%
We are deeply shocked to learn about imposing of tax on withdrawal of P.F.(Provident Fund) which is our hard earn money which used to be utilized in all emergencies for medical, educational, building of house, marriage of daughters etc. Imposition of tax on that had created all round agitation among govt. employees.
On behalf of National Council/JCM it is very humbly requested that this tax proposal should be withdrawn immediately to stop the mental agony of government employees.
I hope Central Govt. will not give any chance of serious agitation on this issue and will not disturb industrial peace as a whole.
Thanking you ,
Shiva Gopal Mishra