NO LPG SUBSIDY FOR THOSE WHO HAS RS.10 LAKHS INCOME


The Government of India has decided to limit supply of fuel (LPG ) to Tax payers with annual income of more than Rs 10 lakh and they will not get subsidised cooking gas from next month, who has Rs.10 lakh gross income during the previous financial year computed as per the Income Tax Act, 1961.”

At present, all households are entitled to get 12 cylinders of 14.2-kg each at subsidised rate of Rs 419.26, while the market price is Rs 608.

The government has decided that the benefit of the LPG subsidy will not be available for LPG consumers,  if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh per annum as per the preceding years income tax returns.  This would, however, be done initially on “self-declaration basis while booking cylinders from January 2016 onwards.”

 

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