Employees Provident Fund is under attack.Government is trying to take away the  hard earned money of the employees put in the EPF. This year’s Budget has proposed  to tax 60% of the EPF at the time of withdrawal after retirement. The right to withdraw the EPF fully, if you leave the job at any time, is also taken away. The EPF can be fully withdrawn only after you reach 60 years. The government has also been compelling the EPFO to put the savings in private mutual funds etc. to help the corporate  on the plea of getting more dividend.

It seems that the government want to hand over the huge funds at the disposal of the EPF to the private corporates for their benefit. This will be disastrous. Strong protest should erupt from the workers and their organisations. Government should be compelled to withdraw the enethical move to tax the EPF money.

It is also necessary that similar tax imposed on the NPS should be withdrawn.