Pensioners’ body Bharatiya Pensioners Manch (BPM) has urged Prime Minister Narendra Modi to exempt pension from income tax to provide relief to the senior citizens in the country.
In a letter shot off to the prime minister on 25th August this year, the body claimed that pension is not an income for any service or work but a superannuation fund for his/her livelihood on account of serving the nation for so many years.
If the pensions of the Members of Parliament and Members of Legislative Assemblies are not taxable, then why does the government levy income tax on the pension of retired employees.
In the letter to the PM, the body added, “BPM urges upon you to kindly intervene into the matter and direct the Ministry of Finance to consider this long pending genuine demand of pensioners. An early and immediate action with a line of reply to this organisation will be highly appreciated.”
The body also stated that it wrote to the Minister of Finance on the issue on 23rd August, 2018, on 14th December, 2018 and on 25th February, 2021. But “We are sorry to say that nothing has been done so far in this regard,” the body stated.