my2cents
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CHENNAI: Consumers with a taxable income of more than Rs 10 lakh per annum will be stripped of the benefit of subsidy on LPG cylinders, the Centre said on Monday.
This would be applicable from January 2016 onwards and would be initially implemented on a self-declaration basis, according to a statement issued by the ministry of petroleum and natural gas.
This has been initiated as the government felt that consumers in the high income bracket should buy cylinders at market price.
Of the 16.35 crore LPG consumers in the country, 57.5 lakh have voluntarily given up their subsidy as part of the 'GiveitUp' campaign, official statistics show.
The subsidy saved from the 'GiveitUp' campaign is being utilized for providing new connections to the BPL families under the 'Giveback' campaign.
This enables provision of LPG, a clean fuel, to poor households by replacing the conventional fuels such as kerosene, coal, fuel wood, cow dung, etc. relieving the poor of the hardships and health hazards from such fuels.
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This will only make people not declare their income to avail the benefits.
High income taxpayers pay the most taxes in the country and what do they get in return. Not even a thank you note from the govt. All the people who declare their income and the employees who make Rs10 Lakhs and above will have to forgo their LPG subsidy. If you add all the taxes that apply to rich it is close to 55% of their income. Yet they are ignored for poor and middle class because of vote bank politics.
How about all the minister and MLA's who make so much money and get all the tax free perks like housing , security, vehicles etc?? They have to set the example first.
This would be applicable from January 2016 onwards and would be initially implemented on a self-declaration basis, according to a statement issued by the ministry of petroleum and natural gas.
This has been initiated as the government felt that consumers in the high income bracket should buy cylinders at market price.
Of the 16.35 crore LPG consumers in the country, 57.5 lakh have voluntarily given up their subsidy as part of the 'GiveitUp' campaign, official statistics show.
The subsidy saved from the 'GiveitUp' campaign is being utilized for providing new connections to the BPL families under the 'Giveback' campaign.
This enables provision of LPG, a clean fuel, to poor households by replacing the conventional fuels such as kerosene, coal, fuel wood, cow dung, etc. relieving the poor of the hardships and health hazards from such fuels.
_________________________________________________________________________________
This will only make people not declare their income to avail the benefits.
High income taxpayers pay the most taxes in the country and what do they get in return. Not even a thank you note from the govt. All the people who declare their income and the employees who make Rs10 Lakhs and above will have to forgo their LPG subsidy. If you add all the taxes that apply to rich it is close to 55% of their income. Yet they are ignored for poor and middle class because of vote bank politics.
How about all the minister and MLA's who make so much money and get all the tax free perks like housing , security, vehicles etc?? They have to set the example first.
