Finance Minister withdraws EPF tax proposal In a move that is going to be highly appreciated and warmly welcomed, our esteemed Finance Minister Arun Jaitley has just made an announcement in the parliament that the proposal to tax EPF investments has been withdrawn. The proposal was to tax 60% of the invested corpus in the EPF at the time of withdrawal. This proposal turned out to be the most controversial budget highlight and was admonished by the opposition, financial experts and the public at large. The general consensus was that the government shouldn’t put its hands into the retirement kitty of the working class. and with the large interuptions. at finally the government has withdraws their proposal.