Ministry of Finance
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Someone who has a pension receives a regular sum of money from the state or from a former employer because they have retired and unable to serve any longer.As such Pension a regular payment made by the state to people over a certain age to enable them to subsist without having to work. Evidently Pensioners are Senior Citizens and the Pension they get will be half the Salary they used to get on the date of retirement. Due to age the Pensioners have to incur heavy expenditure on Medication, & transportation having become unable to walk longer distances. Cardiac, Neurological problems will crop up at their later age. It is therefore desirable to treat Pension not as Income and to exempt Pension from Taxation. Honorable Minister of Finance & the Revenue Authorities to take a broad view to take a decision on this to save the Old Aged Pensioners. Rallapalli Ramasubbarao, Retired Tahsildar, Nellore
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