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Whereas all revenue earners within the nation are subjected to the Pay As You Earn (PAYE) tax from a tax threshold of Rs 100,000, it’s revealed that parliamentarians have loved a tax aid.
Though a MP has been slapped with a PAYE tax of Rs. 72,000 – Rs. 75,000 in January this yr, the quantity has been drastically slashed to Rs. 15,000 in February.
Additionally, it’s singular that out of the PAYE taxe imposed in January, a sum of Rs. 55,000 has been reimbursed to them in March.
Though it’s said {that a} Member of Parliament will get Rs.54,000, they’re granted a number of allowances.
These allowances embody Rs.50,000 as phone allowance, Rs.100,000 for sustaining an workplace, Rs.170,000 as gas allowance, Rs. 15,000 as transport allowance, Rs. 1,000 as leisure allowance and Rs.2,500 for every sitting attended.
Accordingly, the revenue (inclusive of all allowances) of a Parliamentarian is round Rs. 450,000. Nevertheless, this will likely barely differ in keeping with the variety of parliamentary classes attended by the respective MP.
It’s also singular that two allowances are granted with regard to transportation (transport and gas).
They’re additionally granted lunch at Parliament for Rs. 400.
The PAYE tax with its threshold of Rs. 100,000 has led to public uproar and a string of protests. Nevertheless, the MPs who had handed the very taxation system, had silently amended their very own taxes whereas the general public continued to battle amid excessive taxes and skyrocketing Value of Life.
Though a lot of the protests held on this regard are organised by commerce unions affiliated to the Janatha Vimukthi Peramuna, the 03 JVPs in addition to different opposition MPs too had remained silent up to now.
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