Pension needs to be tax free.
Interest earned by the Senior Citizen should be tax free.
This will help the Sr. Citizen to maintain a standard of living whose sole earning source is interest from FD and Pension.
Income tax is not imposed on those who are not in that bracket. Most of them are evasing. You cannot torture the one who is promptly paying and submitting return properly. You have to give sufficient time to record all the data accurately and then file. Please don’t see an asseessee as a culprit. Penalties to be waived off. Extend time.
In paragraph 3 it said “to revamp the direct tax regime”. Clearly you guys are mistaken here as GST is an Indirect Tax not a Direct Tax. Hope you’ll correct it.
At the centre a strong government has come to bridge the demand of sr citizens who make their both ends meet from the small pension and interest on term deposits . We hope the government will now stop deduction of tax from the interest income, because we have already paid tax on it and we have to face double taxation. In these hard days it’s very difficult to remain alive after meeting the medical expenses of self and family. We demand waiver of tax on term deposits of senior citizens.
After implementation of GST there is no need of income.tax. Every person. Already in the GST . The income tax range may be shift to GST . One nation one tax for every individual is a better idea.
Tax payers on high slap should be given some special preference like priority in rail bookings, flight booking, and placed in the front seat in local government functions as this will promote every one to get high slap category, some special cards like
Deeply welcome. Income tax relief to the middle class is an old BJP promise. More than the percentages, this suggests the government is thinking along the right lines. The fisc is a bottomless pit, what in Punjabi is called a khoo. Pour the ocean into it and it will not spill over. At 16% by way of tax to GDP and 8% as the combined fiscal deficit of Centre and states, the government is preempting too high a proportion of national resources.
Pension and interest earned from the Fixed Deposits by the Sr.Citizen should be tax free. This will give relief to Sr. Citizen.
Pension needs to be tax free.
Interest earned by the Senior Citizen should be tax free.
This will help the Sr. Citizen to maintain a standard of living whose sole earning source is interest from FD and Pension.
Income tax is not imposed on those who are not in that bracket. Most of them are evasing. You cannot torture the one who is promptly paying and submitting return properly. You have to give sufficient time to record all the data accurately and then file. Please don’t see an asseessee as a culprit. Penalties to be waived off. Extend time.
There was a quote once that Income Tax rules and forms should be so simple that one can calculate the tax on the back of a postage stamp.
In paragraph 3 it said “to revamp the direct tax regime”. Clearly you guys are mistaken here as GST is an Indirect Tax not a Direct Tax. Hope you’ll correct it.
Pension should be exempted from income tax.
At the centre a strong government has come to bridge the demand of sr citizens who make their both ends meet from the small pension and interest on term deposits . We hope the government will now stop deduction of tax from the interest income, because we have already paid tax on it and we have to face double taxation. In these hard days it’s very difficult to remain alive after meeting the medical expenses of self and family. We demand waiver of tax on term deposits of senior citizens.
After implementation of GST there is no need of income.tax. Every person. Already in the GST . The income tax range may be shift to GST . One nation one tax for every individual is a better idea.
Tax payers on high slap should be given some special preference like priority in rail bookings, flight booking, and placed in the front seat in local government functions as this will promote every one to get high slap category, some special cards like
Deeply welcome. Income tax relief to the middle class is an old BJP promise. More than the percentages, this suggests the government is thinking along the right lines. The fisc is a bottomless pit, what in Punjabi is called a khoo. Pour the ocean into it and it will not spill over. At 16% by way of tax to GDP and 8% as the combined fiscal deficit of Centre and states, the government is preempting too high a proportion of national resources.