Why is that our Banks are behaving so illogical ? Why are they so cruel to the Senior Citizens ?
There is a rule that TDS / Advance tax need not be collected from Senior Citizens (having no business or professional income ). But Banks are deaf and dumb towards this. Inspite of specific requests for non-deduction from pension receipts, Banks continue to hurt the Pensioners. Why is this so ???
Now , another cruel act by Banks. They deduct 10% blindly ! Even from those in the lowest tax bracket !!
There is a rule that TDS / Advance tax need not be collected from Senior Citizens (having no business or professional income ). But Banks are deaf and dumb towards this. Inspite of specific requests for non-deduction from pension receipts, Banks continue to hurt the Pensioners. Why is this so ???
Now , another cruel act by Banks. They deduct 10% blindly ! Even from those in the lowest tax bracket !!
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