Its a wake up call for the citizens of India and especially all the sincere tax payers of our country....( Please campaign amongst your family,friends,contacts and social media groups)
The proposal in the Budget 2016 to tax 60% of EPF(Employees Provident Fund) is unfair, unreasonable and harsh. Please withdraw it and give a sense of security to the common man. EPF is the hard earned savings of all working class and salaried persons. The salaried employees have been the most honest and sincere tax payers of our country and yet they are targeted and burdened unfairly. Direct and indirect taxes itself is a huge burden on the salaried class of people. The savings in EPF is for various contingencies to be met during life time and for old age living. There is no social security provided in our country and historically the governments has only supported social security measures with tax exemptions (EEE) for EPF and Life Insurance policy proceeds. The taxation of EPF is a deviation and blow to the peoples social security. Today the 1st March 2016 Government clarifies that PF of Government employees will not be taxed which makes us also feel as second class citizens within India. We urge the government to WITHDRAW THE BUDGET PROPOSAL OF TAXING 60% OF THE EPF IN TOTO. Kindly Continue supporting social security measures for the people and making them secured.