Finance Minister Arun Jaitley will make a statement in Parliament today to clarify the government's final position on the Budget proposal to partially tax the corpus from Employees' Provident Fund -EPF and superannuation funds at the time of withdrawal. <br/><br/>On 29th February, the Union Budget 2016-17 had proposed a tax on 60 per cent of the EPF corpus at the time of withdrawal. In clarifications that finance ministry issued after the budget on March 1, the government said this tax will not hit 3 crore EPF subscribers who earned salary up to 15,000 rupees per month and that the tax was aimed at 70 lakh high income EPF subscribers earning more than this amount.<br/><br/>The proposal to tax EPF corpus has faced criticism from across political parties, trade unions and members of the Central Board of Trustees of the EPFO.<br/><br/>The finance ministry said last Tuesday that the government is considering various demands on the issue including levying tax only on accumulated returns on the corpus and not on the contributed amount. The ministry said if subscribers buy annuity at the time of withdrawal, they will not be taxed.