
sitarama raoIndia
Apr 26, 2016
Dear all,
Thanks for all people who signed this petition.
This petition is important for retired people. This is also important for people in service for following reasons.
People in service invest their leftover money after paying taxes and expenses in various ways.Some people invest in share market, some in purchase of plots, houses, real estate etc.
Some invest in FDs. Every year they reinvest principle+interest gained. The reinvestment amount every year is reduced because of taxation by govt on interest. And the interest itself is less every year , compared to the then existing inflation rate. Also , people in service will be in higher tax brackets normally .Thus they loose more portion of interest every year. Thus the final maturity amount , they have to get from their own income gets reduced because of taxation by govt on interest.Thus their planned financial protection for peaceful retired life gets affected.
I request everybody who signed, use all their possible connections and increase signatures.
Support now
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