Income tax rates for Super senior citizens
This petition had 13 supporters
You have been good enough to reduce the rate of income tax to 5% in the income slab Rs 2.5 lakhs to Rs 5 lakhs which is a welcome measure.However, you have not given any concession to Super Senior Citizens- those who are 80 years and above. In the interests of natural justice, we appeal to you to reduce the income tax rate for super senior citizens earning between Rs 5 lakhs and Rs 10 lakhs, from the present 20% to 5%. The loss to exchequer by giving this rebate, would be negligible as the number of such persons earning more than Rs 5 lakhs per annum may be meagre. Super senior citizens who are in their sunset years shall ever be grateful to you for this act of magnanimity.
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