Kavitha urges FM to waive income tax on severance package of fired employees

Kavitha urges FM to waive income tax on severance package of fired employees

Hyderabad: Telangana Jagruthi President K Kavitha has requested Union Finance Minister Nirmala Sitharaman to grant a one-time waiver on the income tax on severance packages of employees who have been fired, highlighting extensive layoffs happening in India’s private sector. In her letter to the Finance Minister, Kavitha expressed concern over the absence of “meaningful tax relief” for dismissed employees under the new tax regime, noting that imm…