Sir, Under the direct tax code it has been proposed to bring EPF, PPF under the EET regime. Though the tax code is still under consideration & hence in a fledgling state, the move to bring these two under the EET regime has been taken by most of middle class fellows with a pinch of salt. Since the salaried class comprises mostly of the middle class, this news is bound to affect them the most. People appreciate that the incumbent government is pro-people which is reflected by the many programmes launched. Hence bringing these two investments under EET regime is bound to break the bone of many especially the salaried class. The Kirit parikh committee has recommended that price of petrol, LPG, diesel be de-regulated so that the OMCs may not suffer the losses which they are suffering at present. If this is implemented, then coupled with the tax on PF will surely sound a death knell on many. Since, it is my belief that petroleum prices can be regulated only to a certain extent & they have to be in sync with the global price so deregulating petrol prices is a better way than removing EEE regime from these two investment methods. I would once again implore you to look into this matter and give it a thoughtful consideration.
