EPF tax issue: Trade Union leaders to take out protest rally on March 10


    Jamshedpur, March 4: A five-member co-ordination committee headed by president of Tata Workers’ Union R. Ravi Prasad has been formed to chalk out future course of agitation government’s decision of imposing tax on employee provident fund ( EPF).

    Trade union leaders of various companies based in Jamshedpur today joined hands to protest government’s decision of imposing tax on employee provident fund ( EPF).

    In a called meeting various Intuc trade union leaders assembled at the Tata Workers’ Union office in Bistupur here this afternoon to discuss therissue.

    The other four members of the committee included veteran trade unioin leader Rakeshwar Pandey, Vijay Khan, a senior functionary of Lafarge Employees’ Union, B K Dinda, general secretary of Tata Workers’ Union and Ramashray Prasad, a member of national Intuc.

    Prasad who is heading the co-ordination commitee said: ” We are all surprised with such a move by the Government. We will not allow the government to impose taxation on our retirement savings. We will undertake agitation demanding rollback of the government’s proposal to tax 60 per cent of withdrawals from provident fund.”

    At the meeting the co-ordination committee fixed March 10 for handing over a memorandum to the deputy commissioner of East Singhbhum Amitabh Kaushal highlighting their demand.

    ” We have decided to take out a protest rally which will be attended by trade union leaders and other members belonging to Intuc, Bhartiya Mazdoor Sangh ( BMS) , AITUC and others,” said Prasad adding that the date of the protest rally would be announced on March 9 during a press conference.

    A trade union activist and former president of Telco Worker’s Union Chandrabhan Singh who was also present at the meeting said: We are all united over the issue and will not let allow Government to take any such step.

    We will not allow taxation on our hard earned money. PF money was fully exempted from income tax. If required we will also undertake hunger strike agitation.”

    Finance minister Arun Jaitley in his Budget for 2016-17 on February 29 had proposed that 60 per cent of the withdrawal on contribution to employee PF made after April 1 this year will be subject to tax. This would apply to superannuation funds and recognised provident funds including EPF.


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