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Dear FM, withdraw Budget 2016 proposal to tax PPF/EPF

This petition had 205 supporters


Attention Tax Payers in INDIA - please share on Facebook / Twitter / Social Media


Dear Mr. Jaitley,

We, the taxpayers of India understand that in the budget speech tabled today, you have put forward a proposal to tax Provident Fund Withdrawals on 60% of EPF / PPF maturity amount.

Kindly refer to the page 28 of today's budget, under the title - "Measures for moving towards a pensioned society".

This is a draconian act and will be a killer blow to the already tax burdened salaried class which pays 30% income tax + 30% taxes in indirect form i.e. customs, excise, service tax etc.

The money which is left after paying more direct/indirect taxes is saved into PPF / EPF and used for retirement planning. Many people use this fund for child's education, marriage, etc purposes. But, now even this corpus will be snatched away to a major extent. A middle class person has only one source of income post retirement that is provident funds. Those who work in private organizations do not have pension schemes arrangements too. Hence, EPF / PPF becomes the only source of their funds.

I urge Mr. Jaitley to reverse the above said decision with immediate effect. Your government came to force with a major support from middle class. Please do not give middle class a chance to break the support in next elections.



Please sign and share this petition and request Mr. Arun Jaitley to withdraw this decision immediately in post budget session.

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