First of all I feel nobody else other than who are writing these things are reading. If they are reading they will answer. This itself shows that they think the people are idiots. I am also one among them to write. My view.
1.Why Senior Citizen's Tax limit is very high? 2.They have Pension, Travel expenses concession, than also some of them earning black money after retirement. 3.They should be asked for the present pension details. They should not be given further employment if they have a bank balance of Rs.3,00, 000/= Pension of Rs.5000/=, Own house, Car The any other fixed assets.They have to disclose before getting any other Contract. Some people they don't pay any tax. 4.It should be reverse that the Taxable Income for retired above 58 years if they are not working further the limit should be Rs.1,25,000/= P.A. Tell how many people are getting pension above Rs.1,85,000/= P.A. and how many people are declaring. 5.Our Govt should get the information about the family members position status while the concerned person retires. Then give all the facilities if they are not getting any help from their family members.Do Survey like these. 6.Then Comes the Volunterilly retired persons. This Catogory persons earn from all the sides and doing all the Tax Chori. Get information. In case if you are employing the Voluntarilly retired persons Tax them from their initial Salary itself if they are re employed. Why Govt is not doing So? The point No5 & 6 persons are spoiling the chances of others getting the employment 7.Tax Cheaters if they are Caught,Tax them 10 times they Cheated previous year. They will start investing automatically in next year. 8.Scrutiny on tax should be proper. 9.The tax for the Companies through Bank transactions only the Tax on the Profit should be between 20-25% as the same will be enjoyed some individual. If they show loss account, Then Start investigation. 10.For Companies every month in 30 days Income tax filing should be done. 11.The Income tax employees strength has to be increased. There should be one Inspector for two medium scale industries. 12.Why only Salaried Class should pay income tax? All the persons who are earning should pay tax, inclussive of pawnwalas, farmers, Businessmen 13.The tax should be like these. Upto 4lakhs o tax 4to10lakhs 15% 10lakhs -15lakhs 20% 15-20lakhs 20% on total income above 20 lakhs 25%on total income Above 25lakhs-30lakhs 30%on Total Above Above 30lakhs 35% Above40lakhs 40% 14.Farmers above 3Acres Cultivation land should pay tax. 15.The farmers family details and if their family member is paying tax the income on the food grains sold should also be taxed. A detailed study has to be made by Government and change the Laws. 16.The Persons Who are earning through the Land of Cultivating the food items other than essential above 2 acres have to be taxed. 17.All the food items should be collected and routed through Govt. only. 18.The persons who are selling fertile land should be penalised 200%.The Stamp Value for the Purchasing Land Should be 200%. This is applicable in case if it sold for building purpose.If it is Purchsed for cultivation purpose and kept idle for 9 moths min. and charge 500% on the value purchased by the person on 10th month. If he tries to sell within 9 months to any body else 300% on selling person and300% on the person purchsing has to be imposed. 19.The government should enquire why farmer is selling the land? If it is due to poverty due to natural calamities it is applicable only upto 3 Acres thy have to be given the relief. 20.The Persons who are having fertile land above 3 acres should not be allowed to sell. They are allowed to sell 3 Acres only minimum and that too also for the purpose of cultivation and all the rules said in point no18 should be applicable. 20.The Govt Should form atleast 2 Reservoirs in each village and to connect all vilages, towns trough canals. 21. No of trees we lost Calculate and plant Double the quantity we lost. 22.Provide the 2 acres to each family of any class and educate the agriculture and it should be compulsory. You can find wonders.We can eradicate the poverty in the world.We will be Super power.Every nation will Salute on us.Don't bother about ta at that time. Indian income will be 4times more than America's total income. Implement all these. UnEmployment will be nowhere.Poverty will be zero.NO False promises by politicians In Indi.you will find out no fights among the states for water. No flooding and death due to flood, Starvation.
We are Successful in bringing down the cost of TV,Electronic goods to earth and created lot of lazy people and poverty more. But food grains cost is touching the Sky which our economists are not bothered.They bothered only tax and they will eat only money if the things are not taken care.
RE:Analysis on Tax - Suggestion
by N Gokulakrishnan on Feb 19, 2007 05:06 PM Permalink
Hi sunderasan - Mahadevan,
I like the idea of collecting tax from everyone.the Govt is not bothered about the earnings of "so called" SSI and there are enough loop holes for them to avoid taxes.
Appointing more tax inspectors will not lead to improvement of tax collection but on bribing and cheating only.
The Govt should take steps to cover all the unregistered business and levy them tax as little as 5%. Take Strict action against IT-dept employee if they found guilty of bribe, ask them to do their job religiously, vigoursouly and HONESTLY. i am sure the tax collection will be atleast doubled.
It is a "STINKING FACT" that we are part of a Corrupted society and the corruption is into the veins of every one.
IT IS NOT THAT WE DO NOT HAVE ENOUGH LAWS, WE ARE NOT HONEST EXECUTERS OF OUR LEGISLATION.
Let us not spoil the country and society by bribing. Please keep in mind "GIVING ALSO IS BRIBING".
My very sincere request to our beloved FM. Sir, many a times I have wondered at your initial freebies and exmptions and so called reduction options of reducing tax liability. But it takes a while after budget to read in between lines of what you propose for the salaried class. I would therfore request you to make it plain and simple. I am borrowing your own words. Widen the tax net, but reduce the rate. Keep a sum which is above last year for the purpose of IT exemptions. But reduce the percentage and have a common single digit percentage as IT for the purposes of IT computation for the salaried class. One more request! Scrap giving us the parting kick of cess and surcharge on Tax. As you have been stating, widening the tax net at a smaller percentage of tax would result on a higher tax accrual, as otherwise the non salaried and business class have still several ways of taking refuge by twisting various sections of law.
Tax Rate should slash down and make moare simplyfy
0 to 2 lakh 0% tax 2.1 to 3 lakh 5% tax 3.1 to 5 lakh 7% tax 5.1 to 7 lakh 10% tax 7.1 to 10 lakh 12% tax 10.1 above 15% tax
# try to increase number of people who are paying tax # make compulsory to file returns # above all everybody is paying indirect taxes in various stages
After paying tax for every thing for which we buy to live on day to day basis it is needed again to pay income tax from our left over annual salry is.... ridiculous for a comon citizen like us. Pl hike tax exemption up to 2 Lacks on salaried employees. Mr.FM Pl dont forget salaried middle class employees, families are not able to bear your Taxing policy .
Income tax for th salaried class should be totally abolished, to make the living better and save for the future. Instead corporates should be taxed on a higher side.
personal incometax should be totally abolished to encourage savings and broadbase stock investor community which in turn would free the stock market relying solely on the f i i s. the entire machinery of incometax department should be, atleast for a year, directed to make focussed recovery of the gigantic arrears of the department running into 1.7 lakh crores. the arrears are not due by individuals but by powerful money-barons. instead of squeezing spineless individuals, the government better concentrates on the whales. this will also make the congress party immensely popular among middleclass, who remain uncared for by any political party, since they are not vote-banks.
It is high time to raise the tax exemption limit. At the present limit, only the middle class employess are suffering. High income groups are not affected by this limit. Many say that Govt. employees are most affected by the inflation. While saying this, these people are not even thinking about the industrial workers and private employees with meagre salaries. However, it is not the time for dispute. The Government in the interest of all the citizens should consider to raise the income tax limit to 1.50 lakh at the least.
its treue that we have one of the highest tax rates. the minimum taxable income limit should be raised. the tax slab should be structured in a way so that the people earning more are taxed more.bcoz for rich earning money is much easier as compared to an average earning person,so more should be extracted from rich,as this will also lead to economic equality
The following is the monthly budget for a family man who earns in a Metropolitan city, supports his Parents, his wife and children.
Salary Rs. 25000/- Income tax - Rs. 8250/- Balance Takehome Rs. 16750/- Rent after tax: 6000/- School fees for two children: Rs. 3000/- Food and groceries: Rs. 5500/- Medical expenses: Rs. 1250/- p.m. Any other services like telephone : Rs. 1000/- (plus service Tax)
Finally, burden has been the life of a lone Middle class earner. If he breaks down, no savings to support his family.
Male earners should be taxed less since they bear the burden of the family. Most women are second engines.
If you are going to increase the sales tax and service tax everywhere, then do away with Income tax. We will pay for the goods and services. Why should we pay for both?
RE:Taxes - every where
by balaji sankaran on Feb 19, 2007 04:59 PM Permalink
How will he listen when he hasn't even had time to listen or be aware of his wife's handling of the IT govt cases? :) Isn't it funny? :)
