Sunday, July 30, 2017

PRE-MATURE RETIREMENT

I read in newspaper some time ago that government is mulling of making pre-mature retirement rules for Defence personnel vis-a-vis OROP. It was stated that those who seek PMR on being superseded will need to serve for another 3 years after being passed over for promotion to be entitled for pension while seeking PMR. I am surprised at this thinking. Any sane person will realise that those who seek PMR after being superseded will have no interest in their work. So the government will be saddled with frustrated lot who will be spoke in the running of administration at desired level. Those who continue at their own, will work even harder as they will be looking forward to promotion.

I think the government should let go those with pension as applicable, who wish to do so after being passed over for promotion.

What is your say?

Sunday, July 2, 2017

INCOME TAX RELIEF

A few days ago I read in the newspaper that there has been an appeal to government to reduce income tax i r o single working girls. It was suggested that lower rates may be made applicable to them.

This set me thinking that even pensioners also need this relief. On retirement income of a pensioner becomes 50% of what his salary was. Even dearness allowance which he was getting becomes less as it is calculated on basic pay / pension. Family commitments like marriages of daughters/sons, taking care of old parents, other such social obligations etc etc of a pensioner do not become less. Thus I feel that income tax on pension should be 50% of what it is on salary while in service, if not waved off completely.