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Budget 2024 staffing industry's wish list: Tax breaks, skill development, and PF reforms

By Economic Times - 4 months ago
The staffing and HR industry anticipates tax breaks and investment in skill development in the FY25 budget. They propose lowering the GST on employment services from 18% to 5% and easing EPF contribution rules for staffing companies. Emphasizing skilling in sectors like semiconductors and EVs could address talent shortages and unemployment.

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