On Wednesday, the finance minister said that, over the next few days her team will come before the media to put forth PM’s vision and share more details on the economic package.
New Delhi, May k14:
Union Finance Minister Nirmala Sitharaman will address the media again on Thursday at 4 pm. This comes a day after she held a press conference and shared details of Centre’s Rs 20 lakh crore economic stimulus package on Wednesday.
On Wednesday, the finance minister said that, over the next few days her team will come before the media to put forth PM’s vision and share more details on the economic package.
Sitharaman on Wednesday announced a slew of measures under the economic package that she said would infuse vigour in the economy and benefit various economic sectors.
TDS, TCS rate for non-salaried payments for period up to March 31, 2021 has been cut by 25%. The move will release Rs 50,000 crore, she said. The due date for Income Tax returns for the year 2019-2020 has now being extended from 31st July and 31 October to 30 November 2020.
In order to provide more take home salary for employees and to give relief to employers in payment of Provident Fund, Employees’ Provident Fund Organisation (EPF) contribution is being reduced for businesses and workers for 3 months, amounting to liquidity support of Rs 6,750 crores, the finance minister announced.
Courtesy: Hindustan Times
