It is understood that Finance Ministry is contemplating a proposal of taxing P.P.F and Pension Scheme on maturity. Will it be a correct decision?
P.P.F and Pension Schemes are considered by the taxpayers as old age security provisions. Not all the people are lucky enough to get handsome pension after retirement. For most of these people they are viewed as investments which will help them live their post retirement life with some dignity. The old age brings with it various types of ailments. These ailments at times require hospitalization or extensive medical treatments which are getting costlier by the day. In such circumstances only such investments come handy in the dire need.
Hope the Finance Ministry takes cognisance of this and let the people live peacefully in their old age.Labels: Taxation |
