Abolish IncomeTax for Pensioners


Abolish IncomeTax for Pensioners
The Issue
Every retired person has rendered 30 to 36 years of service to the Govt or the Dept where he worked and for all his services the Dept pays him/her salary, which is
treated as income and is liable for income tax.
But after retirement he is paid pension as a supperanuation fund for his livelihood on account of serving for so many years.
Here a question arise as to why Income Tax is levied on pension. This is not an income for any services or work.This is only a defered wage by the Deptt to the employee who have served the Deptt for so many years.Then why Income tax?
Raise your voice and let it reach the Govt to discontinue the levy of Income tax on pension.
If MPs & MLAs pension is not taxable why pensioners pension is Taxed?
The Issue
Every retired person has rendered 30 to 36 years of service to the Govt or the Dept where he worked and for all his services the Dept pays him/her salary, which is
treated as income and is liable for income tax.
But after retirement he is paid pension as a supperanuation fund for his livelihood on account of serving for so many years.
Here a question arise as to why Income Tax is levied on pension. This is not an income for any services or work.This is only a defered wage by the Deptt to the employee who have served the Deptt for so many years.Then why Income tax?
Raise your voice and let it reach the Govt to discontinue the levy of Income tax on pension.
If MPs & MLAs pension is not taxable why pensioners pension is Taxed?
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Petition created on 24 January 2019