The Pension must be Tax-free.
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Every retired person after rendering 30 to 36 years of service to the Govt or the Deptt where he worked and for all his services the Deptt pay him salary which is ofcourse 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 arises as to whether 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. The Govt must discontinue the levy of Income tax on pension. If MPs & MLAs' pension is not taxable why our pension is Taxed. Let the Pensioners community & Civil society know the facts.
Respected Prime Minister and the Finance Minister of India are requested to kindly take a prompt action and abolish Income Tax on Pension.
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