General Budget 2018-19 – Letter to Hon’ble Finance Minster
No.NC/JCM/2018
Dated: February 2, 2018
Hon’ble Finance Minister,
Ministry of Finance,
(Government of India),
North Block,
New Delhi
Respected Sir,
Sub: General Budget 2018-19
We hope that, standard deduction, up to Rs.40,000 in the Budget (2018-19) announcement, was provided to give some relief to the salaried class, but at the same time, there is serious resentment in the salaried class in general and the Central Government Employees in particular because of non-enhancement of limit of the Income Tax.
We were hopeful that, in this budget, the Central Government would provide Income Tax exemption, if not Rupees Five Lakh, definitely Four Lakh, but nothing has been done, which has resulted in desperation in the Government Employees. Moreover, Education Cess has been increased from 3% to 4%, which will further put additional tax burden on the salaried class. In such a situation standard deduction given by the government will definitely not going to help to any salaried employees.
Not only the above, Transport Allowance and Medical Reimbursement, used to exempt earlier, have also been stopped in this budget, has given another blow to the salaried class.
Since there is all-round resentment in the salaried class, it would be in all appropriateness if the Income Tax Exemption is enhanced to minimum Rupees Four Lakh.
Sir, Government Employees are also very eagerly awaiting for improvement in the Minimum Wage and Fitment Formula as well as announcement of the Guaranteed Pension to the employees covered under the National Pension System(NPS). These also need to be given top priority to keep industrial peace among the Government Employees.
It is also requested that, Transport Allowance and Medical Reimbursement, almost exempted from the Income Tax, should also remain exempted from the Income Tax, to give some relief to the government employees in distress.
With Kind Regards
Sincerely yours
(Shiva Gopal Mishra)
Secretary(Staff Side)
National Council(JCM)
Source: NCJCM
op agrawal says
The target class fo tax collction for the Govt i those between 5 Lqkhs- 8 lakhs. Below that they have only to vote no the tax. above this class, they don’t pay. Now how on earth can the money to b investd in so mqny reliewf schems can be collected.
Dr. V. Kesavan says
The letter by Secretary, National Council (jcm) to Honourable PM to raise IT slab is very appropriate. FM Jaitely has srtongly argued to raise IT slab to 5lakh when he was in the opposition during UPA rule. Now when he is FM he has not done lt for the last 3 years!!!!!Great
Asim Kumar Das says
Central Government Pensioners do not get any ‘Travelling allowance & medical reimbursement’. So, how they will enjoy the Standard. Deduction of INR 40000 ?
This should be cleared that 40,000 SD have to be straight way deducted from the total income of the pensioners or anything else.