Tax cut likely for firms having more than 30% women staff

Tax cut likely for firms having more than 30% women staff

Pathanamthitta: The Niti Aayog has proposed tax cuts to companies that employ more than 30% of women in their workforce. These are among the big proposals put forward by the policy think tank of the government of India to boost women's representation at workplace.

In India, women who earn a salary form only 23.7%. By 2022-23, the plan is to increase it to 30%, according to the plan submitted to the government by the Niti Aayog. These proposals could find a place in the Budget that will be presented by finance minister Nirmala Sitharaman on Friday.

Other key proposals under the consideration of the Centre include a big cut in stamp duty if property is bought in a woman's name, 50% women's representation in establishments and societies in the agriculture sector, and priority for women's associations and women agri collectives to take land on lease for agricultural purposes.

The Niti Aayog has also proposed to extend the existing benefit of free education for a girl child till post-graduation to the second girl child too. The government should ensure that girls get free education until class 12. There are proposals to raise the minimum marriage age of girls.

Girls will be given training in driving, plumbing and similar jobs. The Niti Aayog has also pointed out that the workplace has to become more women-friendly and laws tackling women's harassment at workplace should be made stricter to ensure that more women start working.

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