One of the highest contributors has more than Rs 103 crore in his account, and two second highest ones have more than Rs. 86 crore each, the government said, clarifying its decision to tax PF contributions. The government's decision to tax interest earned on Employees' Provident Fund of Rs. 2.5 lakh and above a year was based on the principle of equity among the contributors and aimed at ensuring that high networth individuals (HNI) who park huge sums of more than a crore of rupees per month do not earn at the cost of other honest taxpayers' money.