Tax on dividend

I fully agree with the circle member's claim to approach the FM/PM, requesting to remove the senior citizens from taxing 10% on the dividend received on the Mutual Funds. In fact the present level of Rs. One lakh is too small and it should be raised to Rs. 3 lakhs. For the senior citizens the only avenue is the interest from deposits and mutual funds. If they are taxed 10% from their earning, it will put them into trouble since this is the only source of income for them. More over in the budget there is no relief mentioned for the senior citizens. For some of the the items on which deductions were allowed earlier have been summarily removed. The tax structure will benefit only small portion of the tax payers. The FM should reconsider and give relief for the senior citizens. more  

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Old age people are not given respect now a days. Generally we say " O to Burha H gay, Usse kuch nehi hoga'' GOI also think so. more  
which government bothers senior citizens and common man both the governments are alike with different faces more  
I think in this Budget Govt is least bothered about Senior Citizens or rather they have forgotten about Senior Citizens.On one side interest rates are falling down and on the other side dividend has been taxed.In most of the cases in Mutual although we get Dividend but the principle is also reducing.Now Govt should advise Senior Citizens,that where they should invest and have reasonable/respectable life,specially those who are not getting any pension.This Budget has been made by burocrates and their staff who are covered by Very Good Pension Scheme.Govt needs a relook for Senior Citizens. more  
would any body write completely on the implication on this subject more  
On one side FD int rate is dwindling another side tax on MF div. This needs to be addressed for persons aged 70 plus more  
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