The finance minister levies tax on par or more with western countries, but anybody who pays the tax is not feeling he gets not even 1/10th of facilities, infrastructure available in other countries.
In such a case why additional taxes? Will it not be a good idea to widen the existing tax base?
Where the collected tax goes? the roads are as filthier as ever and the we dont get drinking water. So far in the history after independance, they say, so many billions of dollars are invested in the infrastrure. But I fail to see the quality of these infrastructure. This means all the FM feels they tax more so that they can go for big Budget plan outlays and big swindling
Some of the Expenses identified for inclusion under fringe benfits are in no way different from raw materials/stores consumed.These are incurred to ensure smooth passage of materials to Manufacturing locations which are at far flung places. 1Conveaynce tour & travel:to such areas far away from metros keeps the employee and employer at tender hookstill his safe reporting. 2.Cos celebrate national festivals at manufacturing locations 3.Expenses on Hospitality at Manufacturing locations in a country "Mehmaan jo hamara hota hai wo jaan se pyara hota hai" 4.Community welfare measures of Medical camps elder education,Prohibition etc 5.Scholarship to children which would have been actually been paid by Govt. The tax is actually like rewinding the clock for disallowance of genuine business expenditure and may be certain services, if Corporates cut down exps,may have to shut shops.
I think that the perquisite value on housing being raised to 20% in big cities is not true. I mean i read somewhere that there was a drafting error in the budget proposal. Will have to wait till the bill gets passed.
As such the Govt has no Social Security Schemes. Now it looks like the Govt wants to disccourage the Private Employers also from giving any Social Security Schemes such as Pension Schemes , Superannuation schemes etc to their employees, by putting tax on the benefits given to emplyees.
Besides, the Govt is helpless in unearthing the black money. So they keep taxing the employed class.
