Wiver of income tax from pension
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Every retired person after rendering 30 to 36 years of service to the Govt or the Dept. where he worked and for all his services the Dept. pay him salary which is of course treated as income and is liable for income tax. But after retirement he is paid pension as a superannuation fund for his livelihood on account of serving for so many years. Here a question arise as to whether why Income Tax is levied on pension. This is not an income for any services or work. This is only a deferred wage by the Dept to the employee who have served the Dept for so many years. Then why Income tax. Govt should discontinue the levy of Income tax on pension. If MPs & MLAs' pension is not taxable why our pension is Taxed?Let the Pensioners community & Civil society know the facts.
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