Employees of Punjab National Bank (PNB) in Churu staged a forceful demonstration outside the bank branch close to Dharmastupa on Wednesday. The protest was planned in reaction to the bank's new loan issue circular and the implementation of the perquisite tax. Workers are required to pay taxes on loans with low interest rates. Some employees are even receiving negative salaries as a result of this.
In contrast to other banks, PNB should also pay the perquisite tax itself, the protesting staff said, expressing their displeasure with the added tax load. The workers claim that their morale is suffering as a result of this additional financial burden.
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They particularly highlighted the difficulties faced by officers enrolled in the new pension scheme, who are already deprived of the benefits provided under the old pension scheme. These officers, they said, would face even more challenges due to the new tax burden.
In addition to the tax issue, the employees also voiced strong opposition to a recent circular issued by the bank’s management concerning loans. They argued that the new circular would financially harm the employees and called for its immediate cancellation. The protesters demanded that the management create policies that ensure the financial well-being and stability of the employees.
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