PF Withdrawal Tax: Public Outrage Forces Government Rollback?

The Government's mixed messaging on the PF withdrawal tax triggered middle-class anger today. Top sources have told NDTV that only interest on 60% PF withdrawals will be taxed, but there is no official announcement from the government yet. On The Buck Stops Here, we debate: has public panic forced government's partial rollback? Should government decide where retiring employees invest their money? And what about the perception that the salaried are being taxed and the rich defaulters are getting away?