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Future123
Active Member
Active Member
Posts : 1435
Join date : 2014-04-09

Another blow for senior citizens dependent on interest income  Empty Another blow for senior citizens dependent on interest income

on Sun Dec 04, 2016 8:18 pm
Message reputation : 100% (2 votes)
"The action to catch senior citizens in the withholding tax net shows the government’s inhuman and stubborn attitude of trying to ‘earn money killing even the dogs’, they said."

Full article:
http://www.sundaytimes.lk/161204/business-times/another-blow-for-senior-citizens-dependent-on-interest-income-218716.html
First Guy
First Guy
Posts : 2542
Join date : 2014-02-22

Another blow for senior citizens dependent on interest income  Empty Re: Another blow for senior citizens dependent on interest income

on Mon Dec 05, 2016 7:13 am
Message reputation : 100% (1 vote)
I saw this and thought who wrote this? Are these group of senior citizens who have more than 1.5 mil interest income per year? Upto 1.5 mil it is exempt, isn't it?
smallville
smallville
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Top contributor
Posts : 1856
Join date : 2014-02-23
Location : Trying to figure out..

Another blow for senior citizens dependent on interest income  Empty Re: Another blow for senior citizens dependent on interest income

on Mon Dec 05, 2016 12:07 pm
Message reputation : 100% (1 vote)
Below says, as per the 2016 budget, senior citizens shud be getting 15% for the first 1.5 million they deposit on FDs but only 1 million facilitated up to now. This was questioned from the FM at a Hiru TV program and it was evident dat the FM was not even aware of the scene. So as tis has come to light I think FM shud now make necessary arrangements to facilitate it as his glory at risk now Very Happy

http://www.sundaytimes.lk/161204/business-times/no-interest-in-senior-citizens-deposit-interest-issue-218672.html

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