• Friday, Dec 02, 2022
  • Last Update : 09:54 am

Tax on retired govt staff allowances withdrawn

  • Published at 11:11 am June 24th, 2017
Tax on retired govt staff allowances withdrawn
The government has withdrawn the provision of income tax on different types of allowances provided to retired government employees. However, civil servants will have to pay taxes for their salaries and festival allowances, according to a notification issued by the Finance Ministry’s income tax department and Internal Resources Division (IRD) on Thursday. Heads of the ministries and divisions concerned have already been informed of the government order, which will come into effect from 1 July, the notification stated. An IRD official said the public servants enjoy various benefits while they go on retirement. Currently, they need not pay taxes except on privilege leaves and gratuity, and holiday and medical allowances. “Taxes on these allowances were imposed on 1 July 2015… But, following the notification, money drawn from these sources will not be considered taxable,” the official added.
52
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail