Finance division’s clarification on ‘Taxing the poor’s savings’ July 25, 2021 ISLAMABAD: In an article, titled ‘Taxing the poor’s savings’, published in The News on July 17, 2021, Muhammad Ejaz-ul-Haq and Muhammad Tariq raised a number of concerns regarding the changes in the tax policy applicable to the income from deposits and investments. The article is misleading as it is based on a poor understanding of benefits available under the national saving schemes (NSS) and the applicable tax regime in the country. We would restrict this response to the policy changes, introduced in the budget and would argue that the changes would have no impact on earnings of the investors in NSS.