NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh.
Read at: http://economictimes.indiatimes.com/
The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh.
"We urged Union Finance Minister to raise the Income Tax exemption limit
to Rs five lakh," National Mazdoor Conference (NMC) President Subash
Shastri said while addressing a series of rallies at Kanjali and Bomyal
in Nagrota Block here today.
Shastri also appealed he Finance Minister to announce non inclusion of
amount of DA to calculating income tax as the DA instalments are
released by the government from time to time to utilise the impact of
price rise and inflation.
Shastri emphasised the need for immediate merger of 50 per cent DA into
basic pay and pension as per the recommendations of the Fourth Pay
Commission.
He added that all these burning issues impacting both the Central and
State Governments Employees and pensioners should be addressed by the
Union Finance Minister while presenting the budget for 2015-16 in the
coming Budget Session of Parliament beginning on 23rd of this month.
He also demanded immediate release two DA instalment of 17 per cent in
favour of State Government Employees and pensioners, pointing out that
while Central Government is about to release another instalment 6 per
cent DA in favour of its employees and pensioners from Jammu 2015 but it
is unfortunate that the salaried class in the state has not got the
benefit previous two DA instalments.
He also demanded early regularisation of the 62,000 daily rated workers
beside release of their wages without any further delay.
Read at: http://economictimes.indiatimes.com/
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