• Skip to main content
  • Skip to primary sidebar
  • Home
  • Aicpin
  • Recent Post
  • Pay Matrix
    • Defence Personnel
      • MNS Officers
  • Recent Govt Orders
    • Dopt orders
    • Finmin orders
  • DA From January 2021
  • Holiday list 2020
Govtempdiary

Govtempdiary

Govtempdiary is leading Central government employees news provider

You are here: Home / PENSION / Aspirations of Pensioners regarding National Budget for 2015-16-Bharat Pensioners Samaj
This image has an empty alt attribute; its file name is b_new.gif Demanded for payment of Dearness Allowance/Dearness Relief with arrears since 01.01.2020
This image has an empty alt attribute; its file name is b_new.gif AICPIN for the month of November 2020
This image has an empty alt attribute; its file name is b_new.gif LTC cash voucher scheme Calculator
This image has an empty alt attribute; its file name is b_new.gif Expected DA from January 2021 Calculator
This image has an empty alt attribute; its file name is b_new.gif List of Kendriya Vidyalaya Schools 2021

Quick links
Hot newsDopt orders
Recent govt ordersRecent post

Aspirations of Pensioners regarding National Budget for 2015-16-Bharat Pensioners Samaj

December 8, 2014 rajasinghmurugesan

Aspirations of Pensioners regarding National Budget for 2015-16-Bharat Pensioners Samaj

Provide Rs500000

Bharat Pensioners Samaj

No BPS/SG/FM/014/1 Dated
01.12.2014
Hon’ble Shri Arun Jaitley ji,
Union Minister of Finance, Govt. of India,
134 North Block, New Delhi – 110001

Respected Sir,
Subject: Aspirations of Pensioners regarding National Budget for 2015-16

With hearty seasons’ Greetings, Bharat Pensioners Samaj, the largest representative Federation of Pensioners’ in the country, wish to place before you, the following aspirations of Pensioners’ in respect of the ensuing Union Budget.

Sir, Pensioners financial problems largely arise because most of us are products of the low cost economy era in our Country when Salaries and hence the pension and savings were meagre compared to present levels. Now even surviving with the dwindling returns on the already meagre savings/Pension and galloping inflation has become a challenge. Moreover, most of us suffer with age related health problems and health care has become so costly that we can hardly afford it, more so as the Govt, health schemes for retirees are grossly inadequate with limited coverage area. These are two situations on which we have no control.

Therefore, to merely survive in the present high cost economy we have to ask for some financial concessions and we earnestly request you to please consider these favourably.

1. Provide Rs500000/-basic Income Tax exemption to Sr. Citizens: Bharat Pensioners Samaj submits that for & up to F.Y.2004-2005 Sr. Citizen were getting, concession in income tax payable (under Section 88B) to the tune of Rs. 20000/-, as compared to other citizens with similar taxable income. In 2005-2006 this was changed, basic exemption for citizens was raised to Rs 100000/-& that for Sr Citizens it was made 185000/- This resulted in actual Tax relief of Rs 12000/- instead of Rs 20000/-. Thereafter it has been progressively reduced to just Rs5000/- further hitting hard the poor pensioners, the standard deduction was withdrawn through finance bill 2006.

Sir, Right from its inception, the basic I. tax exemption is related to cost of living. Where as in comparison to the year 2004-05 cost of food items have gone up by more than 6 times & that of health care has gone up more than 10times. I. Tax exemption in terms of Tax payable for 60+ Pensioners has gone down. In view of the facts quoted Bharat Pensioners Samaj appeal to Govt. of India to provide Rs 500000/-(five lac) basic Income Tax exemption to 60+Sr. Citizens/Pensioners and to Rs 800000/- for 80+ very / Sr. Citizen and that the standard deduction be restored for salaried class.
2. PENSION TO BE NET OF INCOME TAX: Purchase value of pension gets reduced day by day due to unbearable inflation and high rise in food items and cost of medical facilities. Retired persons/Sr Citizens do not enjoy fully, Public Goods and Services provided by Government for citizens, due to immobility and many other factors. Their ability to pay Tax gets reduced from year to year after retirement due to, ever increasing expenditure on food & medicines. Their net worth at year end gets reduced considerably as compared to the beginning of the year. Inflation, for a pensioner is much more than any Tax. It erodes the major part of already inadequate pension.

To enable pensioners, at the fag end of their lives, to live honourably Y to cater for ever rising cost of living, they be spare from paying Income Tax. Keeping in view the recommendation of 5th CPC vide their Para 167.11 Pension upto 500000/-(5lac) per-annum, should therefore, be paid net of income tax.

3. Tax deduction at source [TDS]: It is a fact that Sr. Citizens are often put to lot of mental stress and confusion as they are required to approach often repeatedly Income Tax offices for refund of Tax deducted at source despite their furnishing 15 “H” Form to the concerned authorities/Banks who still deducts TDS through inadvertence and oversight. It is therefore, that Senior Citizens Community may be excluded from the purview of TAX Deduction at Source. Under such arrangement, the taxpaying Sr. Citizens would obviously include the interest amount in their taxable incomes.

4 Raise Deposit Insurance Credit Guarantee to Rs.5.00 lakhs in case of Sr. Citizens: The pro-visions of Deposit Insurance Credit Guarantee Corporation may be suitably amended as ceiling for Rs. 1.00 laks is, long overdue for enhancement. It is suggested that the ceiling be raised to Rs.5.00 Lakhs per account in case of Sr citizens. The mechanism and procedure layout is stretched to a period of 2 to 3 years for payment of insurance settlement of balance amount as eligible in respect of failed financial institutions. For Senior Citizens, such a period is mentally harassing. To save them from such eventualities, it is suggested to provide that the affected St. Citizens, Orphans, Destitute, Widow etc. Would be paid forth with fifty percent of the balance amount or insurance amount whichever is more without waiting for the procedures or formalities to be fulfilled. Such provisions would ensure due protection to Sr. Citizens and would save them from mental uneasiness and anxieties arising out of inconvenience and fear of saving being blocked in the concerned financial institutions.

Sir, we have placed before you in brief out major financial aspirations. Considering the increasing span of life and limited resources at the disposal of Senior. Citizens/Pensioners, we feel confident that you will positively consider to translate the above aspirations into reality.

Sir, it is observed that before the Budget you arrange meetings with different sections of society to hear their views. We shall be thankful if you would consider us similarly so that there would be meaningful interaction to understand one another with relevant perspectives. We ardently look forward to your communication.

With Blessings from Elderly Community and regards
Yours faithfully,
S.C.Maheswari
Secretary General BPS

source-http://scm-bps.blogspot.in/

Related posts:

  1. Reply to the 7th CPC Questionnaire by Bharat Pensioners Samaj
  2. Benefits to Middle Class Tax Payers in the Budget 2015-16
  3. DR Merger and important 20 points-Bharat Pensioner’s Samaj presentation to 7th CPC
  4. PIB: Income Tax Exemption limit increased to Rs.5 Lakh in Budget 2019
  5. Swachh Bharat Pakhwada (May 16-31, 2016) Action Plan for Pensioners’ Associations
  6. Highlights of Budget 2018-19
  7. NCJCM : General Budget 2018-19 – Letter to Hon’ble Minister
  8. Clarification to pensioners about the hike in exemption limit to Rs 3 Lakhs from Minister of State for Finance.
  9. New Benefits announced for NPS Subscribers in Union Budget 2017-18
  10. Budget Allocation under Grant No.37- Pensions for the Financial Year 2020-21 : CPAO
  11. One-Rank One-Pension is getting final Shape – Budget 2015
  12. General budget 2017-18 for Central Government Employees – NFIR Proposal
  13. Pension – Medical Aid – New Health Insurance Scheme for Pensioners (including spouse) / Family Pensioners – Implementation of the Scheme- Orders – Issued
  14. No Budget was allocated for the purpose in the Budget 2013-14-One Rank One Pension Scheme
  15. Free Health Check-up Camp for the benefit of Central Government employees and their dependents at Samaj Sadan
  16. Pension of ex-Govt employees to be net of Income Tax – BPS
  17. 80 years and above, eligible for a higher income tax exemption limit of Rs. 5,00,000
  18. Latest Income tax slabs for FY 2014-2015
  19. Budget 2014: Raise 80C deductions to Rs 2.5 lakh, says CII
  20. Pre Budget Consultation – Trade unions view point on issues to be considered for framing budget for the year 2018-19

Filed Under: PENSION December 8, 2014 7 Comments

LTC cash voucher scheme 2020
LTC cash voucher scheme 2020

PIB – “Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh

January 18, 2021 By selva 2 Comments

“Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh Ministry of Personnel, Public Grievances & Pensions Posted On: 17 JAN 2021 5:16PM by PIB Delhi Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh […]

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances

January 18, 2021 By selva Leave a Comment

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances File No. M-51011/1/2020-CDN-CGA/1066Ministry of FinanceDepartment of Expenditure,Controller General of Accounts Mahalekha Niyantrak BhawanE-Block, GPO Complex, INA, New DelhiDated 13th January,2021 OFFICE MEMORANDUM Subject: Standard Operating Procedure for Redressal of Public Grievances-reg. In order to enhance the effective grievance redressal mechanism in the CGA office, […]

PCDA – Functioning of office with 100% strength

January 13, 2021 By GEDWEBZIP Leave a Comment

All the officers and staff members will attend their respective offices with 100% strength. It is reiterated that instructions on COVID-19 protocol and preventive measures issued by MHA and Ministry of Health and Family Welfare from time to time must be strictly complied with

CPAO : Submission of Life Certificate by NPS-AR pensioner through Jeevan Pramaan

January 13, 2021 By GEDWEBZIP Leave a Comment

Submission of Life Certificate has been developed in Jeevan Pramaan for NPS-AR pensioners and this interface is now live for submission of Digital Life Certificate (DLC) through Jeevan Pramaan

High Court Order : Freezing of Industrial Dearness Allowance w.e.f. 01.10.2020

January 9, 2021 By GEDWEBZIP Leave a Comment

Regarding freezing of Industrial Dearness Allowance w,e.f. 01.10.2020 in respect of Executives and Non-Unionised Supervisors of CPSEs following IDA pay pattern

Grant of Advance – Special Festival Package(10,000/-) to Govt Servants

January 7, 2021 By GEDWEBZIP Leave a Comment

Grant of Advance – Special Festival Regarding an Interest Free Advance of Rs 10,000/- on account of Special Festival Package and Application For claiming Special Festival Package

Interest rates for National (Small) Savings Schemes – SB Order No. 38/2020

January 6, 2021 By GEDWEBZIP Leave a Comment

The rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021)

Grant of Pongal Prize to ‘C’ and ‘D’ Group Pensioners/All Family Pensioners – TN Govt Order

January 5, 2021 By GEDWEBZIP Leave a Comment

This order shall also be applicable to all ‘C’ and ‘D’ Group provisional pensioners. The Pongal Prize amount shall not be admissible to those employees who retire on or after 04-01-2021

Adhoc Bonus for Pongal festival 2021 – TN Govt Order

January 5, 2021 By GEDWEBZIP Leave a Comment

The Ad-hoc Bonus shall be computed on the basis of actual emoluments as on 31st March 2020. The amount of ad-hoc bonus shall be calculated as if monthly emoluments were Rs.3,000/- per month

More Posts from this Category

List of Holidays during the year 2021 for central government offices in Tripura

Regarding list of public and restricted holidays during the year 2021 for central government offices located in Tripura

Holiday list in the State of Haryana during the Calendar year 2021

Holiday list both public holidays and restricted holidays in the State of Haryana during the Calendar year 2021, dated December 3, 2020

Recent comments

  • Rajesh on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • shail bhatt on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • Anonymous on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • Raushan Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Raushan Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Nikesh Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Nikesh Kumar on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • Anonymous on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • shrijeet mishra on LTC Leave Enhancement Calculator For Block Year 2018-2021
  • tejal on Promotion/MACP Option form Calculator

Reader Interactions

Comments

  1. C.K.Mansoor Rahman says

    December 10, 2014 at 10:32 am

    Mere “MANN KE BAAT” only for our honorable & most respected Prime Minister Of India key leye hai !
    JAI HIND

    Reply
  2. C.K.Mansoor Rahman says

    December 9, 2014 at 2:06 pm

    Sir kindly provide free laser treatment for cataract for Railway Retired Employees at Railway Hospital or at any other standard non Railway hospitals across the country India and do needful to all retired officials of all grade pay.
    I hope that our honorable PM & Union Minister for Health & Family welfare Govt.of India will be consider my humble request on behalf of all retired Railway officials of India.
    Jai Hind

    Reply
  3. vidya sagar sharma says

    December 8, 2014 at 5:00 pm

    Govt. May consider the MACP effective date from 1.1.2006
    Instead of 1.9.2008 so that the persons who retired between
    1.1.2006 tov31.8.2008 can be benefittef.
    2. The afforable houses to be built for entirely for pensioners and
    Allotted them at par with the licence fees rates or some some
    Percetage in accordance with their pension slabs.
    3.at least once in a four YEARS the actuaal fare to visit any where
    the country.
    5. If pensioner visited the nearest hospital at their choice, the
    Reibusement amount is paid very less than the actual amount spent by him in some cases these amount crossed the 40 t0 50
    Thousands and no hearing any where for this.

    Vidyacsagar sharma

    Reply
  4. ramesh kumar says

    December 8, 2014 at 2:55 pm

    Previous govt mooted a scheme called ‘sankakp’ to encourage voluntary work by retired employees. Fate of that scheme is unknown. same scheme be improvised to encourage paid work by Seniors.

    Reply
  5. ramesh kumar says

    December 8, 2014 at 2:35 pm

    Wherever possible,senior citizens be given paid/unpaid jobs as per their qualification and aptitude. 2.special mediclaim policies be designed for senior citizens up to age of 80 years.
    3.seniors be Given suitable consultancy jobs.

    Reply
  6. ramesh kumar says

    December 8, 2014 at 2:25 pm

    Sir.,Proposed petition to raise IT exemption limit to 500000 is welcome.there are a host of other problems which Honble FM should consider.most banks give only lip service by way of ‘extra’ service.they keep us (seniors)waiting.,extra interest ranges from .25 to 1 % in fds.It should be uniform and respectable ..say min 1% extra.

    Reply
  7. C.K.Mansoor Rahman says

    December 8, 2014 at 1:43 pm

    Sir all are thinking high level dreams but what about future of retired clerical staff how they survive the life after retirement with small amount of pension without any other sources of income & there bank balance will zero before second week of every month..
    Sir please take care of class three & class four pensionets.

    Reply

Leave a Reply Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search

calcuators

  • Expected DA Calculator January 2021
  • HRA calculator 2020 (DA>25%)
  • Tax benefit calculator 2020
  • Expected DA For Bank Employees From November 2020
  • 7th pay commission calculator [updated]
  • Promotion/MACP Option form Calculator
  • 7th Pay Commission Pension Calculator
  • Bonus Calculator 2020
  • LTC Leave Enhancement Calculator For Block Year 2018-2021
  • LTC cash voucher scheme Ready reckoner

Pay Matrix table

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar

CSD Price list

  • CSD Car Price List 2021
  • Maruti Suzuki CSD Car Price List 2021

KVS Schools list

  • List of Kendriya Vidyalaya Schools
Copyright© 2010–2021

Central Government Employees News - Govtempdiary