Respected FM: Interest on employee contribution to PF above ₹2​.​5 lakh is injustice to us

Respected FM: Interest on employee contribution to PF above ₹2​.​5 lakh is injustice to us

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Shan K started this petition to Respected Fiance Minister and

The government in Budget 2021 has announced proposals to restrict tax exemption for the interest income earned on the employees’ contribution to various provident funds for high income employees.

PF is the primary saving a salary class relies on. Taxing the interest on PF is not only demotivating but also have a great impact on the retirement dreams and plans of a already burdened salary class. 

No only the salary class is impacted greatly due to recent pandemic, also few of them had to rely solely on the savings they had. Further imposing tax on salary class by way of interest on PF is injustice to the community who are honestly contributing to the nation building. We request to rollback the proposal to tax interest on PF.

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