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Twitter urges Arun Jaitley to #RollBackEPF

Speed News Desk | Updated on: 14 February 2017, 5:50 IST

Just a day after the Union Budget 2016, a Change.org petition seeking immediate withdrawal of EPF Tax has gone viral on social media. It has received over 3,000 signatures so far.

The Budget seeks to impose a retirement tax on 60 per cent of contributions made after 1 April, 2016 to EPF. Micro-blogging site Twitter also picked up #RollBackEPF as one of the trending topics.

Users took to Twitter to express their views on the pro-rural budget. Take a look:

Meanwhile, the government has clarified that PPF will not be taxed on withdrawal. However, the interest accrued on contributions to EPF made after 1 April will fall under it.

First published: 1 March 2016, 3:18 IST