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  • LPG Subsidy

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    Amit Gupta
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    1) There are currently 16.35 crore LPG consumers in India, of which 14.78 crore receive LPG subsidies directly transferred to their bank accounts through the PAHAL scheme. 2) 57.50 lakh LPG consumers have voluntarily given up their subsidies to help provide connections to below poverty line families through the "Giveback" campaign. 3) The government has decided that LPG subsidy benefits will not be available to consumers whose taxable income or their spouse's income exceeds Rs. 10 lakh per year, as per Income Tax rules. This will initially be implemented based on self-declaration when booking cylinders from January 2016.

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    LPG subsidy

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    Lpg Subsidy

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    1) There are currently 16.35 crore LPG consumers in India, of which 14.78 crore receive LPG subsidies directly transferred to their bank accounts through the PAHAL scheme. 2) 57.50 lakh LPG consumers have voluntarily given up their subsidies to help provide connections to below poverty line families through the "Giveback" campaign. 3) The government has decided that LPG subsidy benefits will not be available to consumers whose taxable income or their spouse's income exceeds Rs. 10 lakh per year, as per Income Tax rules. This will initially be implemented based on self-declaration when booking cylinders from January 2016.

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    8 views1 page

    LPG Subsidy

    Uploaded by

    Amit Gupta
    1) There are currently 16.35 crore LPG consumers in India, of which 14.78 crore receive LPG subsidies directly transferred to their bank accounts through the PAHAL scheme. 2) 57.50 lakh LPG consumers have voluntarily given up their subsidies to help provide connections to below poverty line families through the "Giveback" campaign. 3) The government has decided that LPG subsidy benefits will not be available to consumers whose taxable income or their spouse's income exceeds Rs. 10 lakh per year, as per Income Tax rules. This will initially be implemented based on self-declaration when booking cylinders from January 2016.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Benefit of LPG subsidy will not be available if the consumer or his/her s...

    1 of 1

    http://pib.nic.in/newsite/PrintRelease.aspx?relid=133955

    Press Information Bureau


    Government of India
    Ministry of Petroleum & Natural Gas

    28-December-2015 16:06 IST

    Benefit of LPG subsidy will not be available if the consumer or his/her spouse had taxable income of more than Rs
    Ten lakh in previous financial year

    At present, there are 16.35 crore LPG consumers in the country. With the implementation of the PAHAL Scheme
    (DBTL), the subsidy is being transferred directly to the Bank Account of 14.78 crore LPG Consumers. The

    objective of the scheme was to ensure that the subsidy benefits go to the targeted group. The Government had
    also given a call to the well-to-do households for voluntarily giving up LPG subsidy. So far, 57.50 lakh LPG

    consumers have opted out of LPG subsidy voluntarily heeding the call given by the Prime Minister. The subsidy
    saved from the GiveitUp campaign is being utilized for providing new connections to the BPL families under

    the Giveback campaign. This enables provision of LPG, a clean fuel, to poor households by replacing the

    conventional fuels such as kerosene, coal, fuel wood, cow dung, etc. relieving the poor of the hardships and
    health hazards from such fuels.

    While many consumers have given up subsidy voluntarily, it is felt that consumers in the higher income bracket
    should get LPG cylinders at the market price. Therefore, 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 10,00,000/- during the previous financial year computed as per the Income Tax Act, 1961. In keeping
    with the approach of trusting the citizens, this will be given effect to initially on self-declaration basis while
    booking cylinders from January 2016 onwards.
    YKB/Rk

    27-Sep-16 9:22 PM

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