The central government said on Monday that no proposal to provide an income tax relief to senior citizens is under consideration. A number of proposals seeking amendments in the Income-tax Act, are received every year as part of the Budgetary exercise, and are deliverated upon, Minister of State for Finance Pankaj Chaudhary submitted in the Lok Sabha—the lower house of Parliament. The results of such deliberations are  reflected in the Finance Bill presented that year, he informed the Lok Sabha. 

“No such proposal is presently under consideration,” said Chaudhary.

The Minister was responding to the following three questions: 

• Have some States Elders’ Welfare Associations sought an income tax revision for senior citizens from the current fiscal year? 
• WIll the government proposes to provide a tax rebate to senior citizens till annual income of Rs 7.5 lakh, and to levy 5 per cent income tax up to annual income of Rs 10 lakh?
• Will the tax deduction for the national saving certificate investment for senior citizens be revised from Rs 1.5 lakh to Rs 3 lakh from this fiscal year?