Modi Tax on our PF to Fund MENREGA or help Foreign Insurance Compnies but not help in our old age

Even after getting lot of criticism, govt is trying to fool all employees.They say that it will be not applicable earning less than 15000.But almost all will reach 15000 by retirement. What a joke .Modi govt has already increased size of Wastage fund to record 38500 Crore (MENERGA),so naturaly he want to fund this from our savings for future..He want to pick pocket those who are working to give free doles to who are sitting idle and keep on creating a Big Zero for Nation.More over govt says that if any body will take annuity from 60 % will be not taxed immediately but will be taxed on recept of aprox 5% to 6% return on receipt of annuity pension.So you will be having only two options.Either withdraw your PF at retirement and pay tax to fund MENREGA or you take annuities to get return of taxable 5% and help Suit Boot Modi (which opposition may be rightly says) govt friends Foreign Insurance Compnies( which oppostion says may be rightly ,who had made hype of Modi foreign tours ) by taking taxable 5% annunity route .So it is nothing but govt loot of our future and we employees will be looted to take care of MENREGA Idlers and Foreign Insurance Compnies. A Big Negative step by Suit Boot govt against employees specialy of Pvt sector in a country where you pay taxes through your nose through out life and get no social security.Now this govt wanted to loot asecurity fund created by individuals for their old age without any help from govt.No other s step can be more cruel and anti people than this.Govt and BJP will pay a very high political cost for this loot.It is opposite of Minimum Govt and Maximum Governess which this govt preach but don't follow.

 

Could be rolled back or relaxed.
https://timesofindia.indiatimes.com...x-on-EPF-withdrawals/articleshow/51210502.cms

 

Markets are shooting up so it mean that markets are happy with budget which is good thing for us investors. Loss of EPF is make up by gains from stocks.

 

. @Sroutamukherjee- Market rally is welcome but it has nothing to do with budget as Market are ralling around the globe and Indian market was oversold due to fear of Long term capital gain.So it is just normalising,not welcoming the budget,You have seen cold reaction of that on budget day itself.Market know that Modi is going to waste 40000 Crore in Pond Digging (MENREGA) and they don't create any infrastructre After digging ponds of 40000 Crore,they will spent another 5000 Crore on rural health mission to fight mosquitoes breeded in those ponds. All these wastages from taxes from PF.

 

Withdraw budget 2016 proposal to tax Employee Provident Fund (EPF)

https://www.change.org/p/withdraw-b...utm_source=share_petition&utm_medium=copylink

 

Black Money Jhoomla by Modi attacked by Rahul Gandhi