India needs lower tax on recruitment services to boost jobs, says industry body

NEW DELHI - India should consider lowering the 18% tax imposed on recruitment agencies for providing outsourced staff to big companies, an industry body said on Thursday, which could help boost employment and wages of contract workers.

Unemployment has emerged as one of the key issues in India's election campaign, and opposition parties led by the Indian National Congress have criticised Prime Minister Narendra Modi for not taking much-needed steps to address the issue. "This discourages many employers from hiring contract workers through recruitment agencies as they see the steep tax as an additional burden."

The average salary of outsourced staff was 18,000 rupees a month along with social security benefits, and had grown by 3-4% per annum after the COVID-19 pandemic, according to industry estimates.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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