Fwd: EPF Tax

[Murthy Vishnuvarjhula]

---------- Forwarded message ----------
From: Change.org <ma...@change.org>
Date: Wed, Mar 2, 2016 at 7:14 AM
Subject: EPF Tax
To: vishnuv...@gmail.com

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Dear Murthy,  60% of the Employee Provident Fund (EPF) interest will be taxable from April 1, 2016. Vaibhav Aggarwal thinks this will be a killer blow to the already tax burdened salaried class. He says that this money, which is used for retirement planning is being snatched away.   Sign Vaibhav's petition asking Finance Minister Arun Jaitley to withdraw this decision. Withdraw budget 2016 proposal to tax Employee Provident Fund #EPFNoTax Vaibhav Aggarwal, CFA India Sign Vaibhav's Petition Hello tax payers in India (share on FB/Twitter/Social Media) The finance minister has today put forward a proposal to tax the 60% of EPF (Employee Provident Fund) 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 EPF and used for retirement planning. But, now even this corpus will be snatched away to a major extent . I urge all of you to sign and share this petition and request Arun Jaitley to withdraw this decision. "Be the change you want to see" To have a multiplier effect , please trend it on twitter using hashtag #epfnotax PS: Finance Ministry has clarified no tax on PPF     http://profit.ndtv.com/news/budget/article-provident-fund-withdrawals-to-be-taxed-in-big-setback-for-salaried-class-1282420 (Link for details) Sign Vaibhav's Petition Want to change something? Start a petition. The person (or organisation) who started this petition is not affiliated with Change.org. Change.org did not create this petition and is not responsible for the petition content. This email was sent by Change.org to vishnuv...@gmail.com. You can edit your email preferences or unsubscribe from these emails. Start a petition   ·   Contact us   ·   Privacy policy Change.org   ·   548 Market St #29993, San Francisco, CA 94104-5401, USA