Withdraw Interest on EPF and VPF contribution above Rs 2​.​5 lakh to be taxable.

Withdraw Interest on EPF and VPF contribution above Rs 2​.​5 lakh to be taxable.

0 have signed. Let’s get to 500!
At 500 signatures, this petition is more likely to be featured in recommendations!
NITIN TUPKARI started this petition to Finance Minister and

Withdraw Interest on EPF and VPF contribution above Rs 2.5 lakh to be taxable and ensure no taxation of Retirement accrual of EPF /VPF/PPF at any point of time in future and be as Exempt-Exempt-Exempt (EEE) status

A provident fund is a government-managed, mandatory retirement saving scheme used in India. A worker gives a portion of his/her salary to the provident fund.

Why we need EEE status back and not tax workers for any contribution made to EPF /VPF/PPF

-            EPF /VPF/PPF cannot be taxed and rationalise tax exemption if it is mandatory, all salaried employees of Govt/Private/Public companies have right to save how much they can as they are going to spent it post retirement when we do NOT have any earning or unable to earn.

-            It’s a trust in Indian Govt for their investment in development of India so that we do not become liability for Indian Govt in our old age.

-            It a long-term investment for retirement and only social security instrument for a salaried Indian.

-            100 % of contributor to EPF are complaint income tax payers and already paying tax for what we earn.

-            We may be in high income group or low-income group when we contribute to EPF it’s a worker who contributes to it for betterment of nation. Worker enhance their skill to get earn more so that they can save for retirement.

-            “Atma Nirbar Bharat” means “Atma Nirbhar Individual” and taxes on any contribution to retirement savings is against it.

We request Finance Minister to get tax form people who escape from been taxed and cheat the Indian govt rather than raiding salaried person who are truthfully Indian tax payer.

We request Finance Minister and Govt to withdraw the proposal for any kind of taxation on interest of accruals under EPFO / PF/PPF/VPF and understand every salaried employee is a worker nothing else. (Including Finance Minister)

I urge all of you to sign and share this petition

0 have signed. Let’s get to 500!
At 500 signatures, this petition is more likely to be featured in recommendations!