Deduction of Income Tax on withdrawal of Provident Fund

Deduction of Income Tax on withdrawal of Provident Fund 60%

NATIONAL COUNCIL (STAFF SIDE)

Joint Consultative Machinery for Central Government Employees
No. NC-JCM/2016

Dated:- 1st March, 2016

To:

The Hon’ble Finance Minister,
Government of India,
North Block,
New Delhi.

Dear Sir,

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On behalf of National Councii/JCM it is very humbly requested that this tax proposal should be withdrawn immediately to stop the mental agony of government employees.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 ,

Yours faithfully,
(Shiv Gopal Mishra)

Deduction of Income Tax on withdrawel of PF

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6 thoughts on “Deduction of Income Tax on withdrawal of Provident Fund”

  1. Vishwanath Besra, NICED, Kolkata

    Dear S.G. Mishra,

    This Ltr. No. NC-JCM/2016, has submitted to the Hon’ble FM on 5th March, 2016 in place of Dated:- 15th March, 2016.

  2. K Vaidyanathan

    There were Ordinary Grade and Senior Scales of pay in many Central Govt Departments & one got the senior Scale purely by efflux of time and Pension applicable for Senior Scale should be granted to the people who retired in Ordinary Grade., which is what I understand by OROP?Am I right?

  3. pramod kumar dixit

    Hope this letter is on 05/03/2016 not on 15/03/2016 as written in the letter.

  4. What about NPS victims?
    CPS is taxable at maturity….No one is talking about this?Your issue is only EPF or PF(OPS)…

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