Excelsior Correspondent
Jammu, Dec 26: President of the National Mazdoor Conference (NMC) Subash Shastri has demanded exemption of Dearness Allowance from the ambit of Income Tax as DA is directly linked with the price index.
“The price escalation is directly linked with the DA of the salaried class and pensioners but it was strange that the income tax is also imposed on the increase of the salaries because of the DA,” Shastri said while addressing NMC workers rally at Village Kanjali last evening.
Shastri also asked Union Finance Minister Arun Jaitley to reconsider the practice and announcement in this regard should be made during the ensuing budget session Parliament. He also said that income tax exemption limit should be raised to Rs 5 lakh from existing Rs 2.5 lakh.
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