Pensioners should be exempted from paying taxMembers,
After many years of hard work, and sincere payment of taxes, a person retires with some pension for his future to lead a tension free life. But Government imposes tax to that pension amount which is half of the last salary drawn. Is it fair? I would suggest that collecting tax from the pensioners should be done away. Else they should collect only half tax from the pensioners.
For example - The 5% slab should be reduced to 2.5 percent, and the 20% slab should be reduced to 10%.. This will be a great relief to the pensioners. Further, Senior Citizens drawing pension should be fully exempted from paying tax to the government.
What do you say? Your views and comments please.