INCOME TAX on PENSION
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Every retired person after rendering 30 to 35 years service to the Government or the Departments ,are getting Pension as a superannuation fund for his livelihood on account of serving so many years.Expect monthly Pension ,the amount paid as terminal benefits were very meager unlike Private sector or Banks.Since life span is increased the terminal benefit will be spent for medical expenses of marriage of children. Most of the pensioners are depend on Pension every month for their living.
In view of above position, The Government in Finance Department at Center may consider their Pension exempted from INCOME TAX,,as provided to Honorable Members of Parliment
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