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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting or reducing the employer’s contribution. He said, with respect to ESI, the employee should have the option of choosing either ESI or a Health Insurance product, recognized by the Insurance Regulatory Development Authority (IRDA).
The Finance Minister announced that he intends to bring amending legislation in this regard, after stakeholders’ consultation.
Choice between EPF and NPS introduced, with optional employee EPF contribution and alternative health insurance option. Employees will be given an option between the Employees Provident Fund and the New Pension Scheme, and lower-earning employees may opt out of employee EPF contributions without reducing the employer's contribution. Similar optionality is proposed for health coverage, allowing choice between statutory insurance and an IRDA-recognized health insurance product, with implementation to follow amending legislation after stakeholder consultation.Press 'Enter' after typing page number.