Govt was forced to listen to people: Rahul on roll back of EPF tax

Image
Press Trust of India New Delhi
Last Updated : Mar 08 2016 | 5:38 PM IST
As the government rolled back the controversial proposal to tax EPF withdrawal, Rahul Gandhi today mounted a fresh attack on it, saying the attempt to tax the safety net of the middle class was "morally" wrong.

The Congress Vice President, in a series of tweets, said the government was forced to listen to people and roll back the "patently unfair" tax on EPF.

Read more from our special coverage on ""



"Finally the Govt was forced to listen to people and roll back the patently unfair tax on EPF.

"But the attempt to tax the safety net of millions of hard working middle class ppl was morally wrong&shows this Govt's anti-ppl mindset(sic)", he said on the micro-blogging site.

In the face of all round attack, Finance Minister Arun Jaitley today completely rolled back the controversial proposal.

He made a suo motu statement in the Lok Sabha during which he also announced withdrawal of imposing monetary limit for contribution of employers to provident and superannuation fund of Rs 1.5 lakh for taking tax benefit.

Terming as "big victory" for people of the country the roll back of the proposal, Congress said Modi once again "quickly and meekly" caved in to the pressure exerted by Rahul Gandhi.

Congress spokesman Sanjay Jha tweeted "Modi, ONCE AGAIN, quickly/ meekly caves in to pressure exerted by @OfficeOfRG, fighting for the common man. #EPF(sic)".

Party's chief spokesman Randeep Surjewala termed it as a "big victory" for people of the country.

"Modi government was forced to withdraw the anti-people measure in the wake of nationwide protests of the salaried class. It is a big victory of people (sic)," he said on the micro-blogging site.
(Reopens DEL25)
Congress spokesperson, Ajay Maken said due to Rahul
Gandhi's "forceful" stand, the BJP-led NDA government had to withdraw the proposal to tax EPF withdrawal.
Maken claimed the "massive" support to Congress' protest at Jantar Mantar against the proposal also "shook" the government.
Terming the proposal as "illogical" step that would have "robbed" a substantial portion of employees hard earned money he warned that Congress will fight tooth and nail if the government tried to bring it back.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 08 2016 | 4:57 PM IST

Next Story