Tag: Imposing 30-pct tax on EPF/ETF makes workers paupers as it applies to their savings: Eran Wickramaratne
Imposing 30-pct tax on EPF/ETF makes workers paupers as it applies to their savings: Eran Wickramaratne
The present government’s income tax policy to attract an effective tax rate of 30% would require a salary above Rs. 500,000 per month. Probably 90% of the working population draws less than 500,000 per month. This government is now amending the income tax laws to impose a 30% income tax on EPF/ETF. This tax will […]