NEW
DELHI: The finance ministry has informed Congress MP Shashi Tharoor that his
suggestion to increase the tax exemption limit for pension up to Rs 5 lakh
would be examined during the ongoing preparations for the Union Budget 2018,
according to a communication.
Responding
to a letter written by Tharoor in late September, Minister of State for Finance
Shiv Pratap Shukla said the suggestion that pension up to Rs 5 lakh per annum
should be exempted from income tax in all cases was examined.
“The
proposal would be examined during the exercise for the ensuing Union Budget
2018 and the outcome would be reflected in the Finance Bill, 2018,” said the
letter, which was tweeted by Tharoor.
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