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Monday, February 25, 2013
Budget 2013: Exempt DA from income tax, says National Mazdoor Conference
......"The price escalation is directly linked with the DA of the salaried class and pensioners but it was strange that the income tax is also imposed on the increase of the salaries because of the DA,"......
Yes, its true. Actually, those who retired and opted for pension, they are double taxed. Pension is the amount which the retired employees surrendered to the employer for collecting the sum in installments month by month, so long as they are survive. In that also Govt. is taking a loaf of bread which is injustice done. This pension amount is hardly useful to the retired employees to meet their daily needs like, medicines, food, clothing, shelter and sometimes has to depend on others. pl look into this, my suggestion is not to tax on the whole amount of pension received by retired employees. This I had already emphasized to PC, FM which he was FM previously. Hope this matter will be viewed seriously in the interest of retired employees of all concerns. Krishnan Swaminathan
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Yes, its true. Actually, those who retired and opted for pension, they are double taxed. Pension is the amount which the retired employees surrendered to the employer for collecting the sum in installments month by month, so long as they are survive. In that also Govt. is taking a loaf of bread which is injustice done. This pension amount is hardly useful to the retired employees to meet their daily needs like, medicines, food, clothing, shelter and sometimes has to depend on others. pl look into this, my suggestion is not to tax on the whole amount of pension received by retired employees. This I had already emphasized to PC, FM which he was FM previously. Hope this matter will be viewed seriously in the interest of retired employees of all concerns.
Krishnan Swaminathan
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