No LPG Subsidy For Those With Taxable Income Of More Than Rs 10 lakh

The Logical Indian

December 28th, 2015 / 6:44 PM

News Source: englishsamachar

Tax payers with annual income of more than Rs 10 lakh will not get subsidised cooking gas (LPG) from next month as the government on Monday decided to limit the supply of underpriced fuel to cut subsidies.

  • This would be applicable from January 2016 onwards and would be initially implemented on a self-declaration basis.
  • Of the 16.35 crore LPG consumers in the country, 57.5 lakh have voluntarily given up their subsidy as part of the ‘GiveitUp’ campaign.
  • 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.
  • Currently, the subsidy for 12 cylinders in a year is paid directly in the bank account of consumers which they use to buy LPG at market rate.

Contributors

Written by :

Edited by :

Related Stories

Price Drop LPG

Drop In Subsidised LPG By Rs 1.46 And Non-Subsidised LPG By Rs 30 A Cylinder

LPG Cylinder Price Hike

LPG Cylinder To Cost More From This Month: Rs 60 Hike For Non Subsidised & Rs 2.94 For Subsidised

After Fuel Hike, Non-Subsidised LPG Was Hiked By ₹48; Subsidised By ₹2.34

A Month After Scrapping Haj Subsidy, Government Introduces Slashed Airfare For Pilgrims

Centre Withdraws Haj Subsidy, Fund To Be Utilised For Minority Girls’ Education

Deepak Talwar

Corporate Lobbyist Deepak Talwar Under Income Tax Scanner For $100 Million Undisclosed Income

Latest on The Logical Indian

News

In A Peculiar Bid To Combat Water Crisis, UP Assembly Adopts Half Glass Water Policy

Exclusive

Bihar Flood: This Group Of Student Volunteers Are Extending Help Flood Victims

Exclusive

Bihar Flood: This Group Of Student Volunteers Are Extending Help Flood Victims

Fact Check

Fact Check: No, The Child In The Viral Picture Did Not Die In Bihar Floods

News

Another Starvation Death In Jharkhand, 40-Yr-Old Man Dies After Starving For Over 10 Days

News

Detailing Pro-Khalistan Activities, India Submits 23-Page Dossier To Pakistan

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.