Exempt fully-Retirement benefits received by Non Government employees from Income Tax
Exempt fully-Retirement benefits received by Non Government employees from Income Tax
The Issue
Retirement benefits payable to government employees:-Gratuity under Sec10(10)(i) and Leave encashment under Sec 10(10AA)(i) is fully exempt.
But for non government employees gratuity is taxable under Sec10(10)(ii) & Sec10(10)(iii) above Rs10lakhs. Leave encashment under Sec10(10AA)(ii) above Rs3lakhs.
Why the differential treatment ?. Are the non government employees not contributing for the growth of the economy-country-GDP ?.Are we not paying taxes ?.Treat both of them at Par.

Bs SathyanarayanaPetition Starter
This petition had 14 supporters
The Issue
Retirement benefits payable to government employees:-Gratuity under Sec10(10)(i) and Leave encashment under Sec 10(10AA)(i) is fully exempt.
But for non government employees gratuity is taxable under Sec10(10)(ii) & Sec10(10)(iii) above Rs10lakhs. Leave encashment under Sec10(10AA)(ii) above Rs3lakhs.
Why the differential treatment ?. Are the non government employees not contributing for the growth of the economy-country-GDP ?.Are we not paying taxes ?.Treat both of them at Par.

Bs SathyanarayanaPetition Starter
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The Decision Makers
Respected Prime Minister & Finance Minister
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Petition created on 3 April 2016