Budget 2026: ISF Proposes Tax and Policy Changes for Formal Employment Push
Budget
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CNBC TV18•23-01-2026, 07:28
Budget 2026: ISF Proposes Tax and Policy Changes for Formal Employment Push
- •The Indian Staffing Federation (ISF) has submitted Budget 2026 recommendations to boost formal employment and worker security.
- •ISF proposes reducing GST on staffing services from 18% to 5%, treating them as "merit services" to lower formal hiring costs.
- •Revisions to Section 80JJAA of the Income Tax Act are suggested, including a women-specific incentive slab and inflation-indexed salary thresholds.
- •ISF advocates for clearer CSR rules to allow funding for worker hostels and support facilities in industrial clusters.
- •The proposals aim to enhance workers' access to provident funds, health insurance, maternity benefits, and pension coverage.
Why It Matters: ISF's Budget 2026 proposals focus on tax and policy changes to formalize India's workforce, enhancing worker benefits.
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