News and information for Government Employees

News and information for Government Employees
“We are only as strong as we are united, as weak as we are divided.”

Friday, 10 February 2012

Government Employees Federation demanded increase the slab of no-tax limit & on savings for individuals


Ref. No.  GEF/2012/ EM-02                                                                          Date :  10.02.2012


To

Shri. Pranab Mukherjee,
The Hon’ble Union Minister of Finance,
Ministry of Finance, Government of India,
North Block,  New Delhi- 110001.


Subject :-  Request for raising Income Tax exemption slab  and Savings
                  exemption slab of Individuals  - regarding.

Respect Sir,
                        We would like to invite your kind attention towards the Income Tax exemption slab  and Savings  exemption slab of Individuals for the past three year, which were not  raised to the expected limit as compared to the increase of  income of  Governments raised on implementation of 6th CPC.

The increase of income of Government servants on account of 6th  CPC  has not stood fruitful due to rapid increase of cost of living. As a result,  the Government servants specially lower &  middle class are not able to make proper savings of Income for future  security.

Therefore, we request your goodself to kindly take appropriate  action to increase the Income Tax exemption slab(no-tax limit) of Individuals from Rs. 1.8 lakhs to at least 3 lakhs and Rs. 3.5 Lakhs for female. Similarly the  Individuals Savings exemption (no-tax limit) may be increased from Rs. 1 lakh to 2 lakhs. So, as to give some relief to Individuals.

 Your kind cooperation in the matter is highly solicited.     

Thanking You.


                                                                                                              Yours faithfully,



( S.K.MAJUMDAR )
GENERAL SECRETARY.