Sir, I agree with the present tax rates but I want to give the following suggestions for better and healthy India? 1. For every work, tax may be cut first and then make payments like in foreign countries. 2. Tax evaders may be booked whoever they may be ,right from Mantries to Santries. 3. The rules apply different for middle class and different to big figures like politicians. 4. Sufficient staff may be deployed to catch defaulters. 5. Vigilance may be kept on their staff too, so that they may not cheat/mischief to Deptt. 6. The tax may be used to give unemployment allowance to unemployed youths, old aged people, free education,medical, better civic amenities and best road system.
The Tax rates for salaried persons should be reduced as they dont have anything to hide as compared to businessmen. Also the overall exemption slabs should be raised to 2 to 2.5 lacs. Governement should also show remarkable progress in basic infrastrcuture development against the tax (huge) receovery in India.
The tax rate for the salaried class to be reduced since they only pay the tax. The businessmen do all black money business and do not file returns and if at all it is filed only for a minimum income. The businessmen are the termite of our country. All the businessmen to attacked for the tax recovery.
The tax rate for the salaried class to be reduced since they only pay the tax. The businessmen do all black money business and do not file returns and if at all it is filed only for a minimum income. The businessmen are the termite of our country. All the businessmen to attacked for the tax recovery.
House Rent 4000 X 12 : 48,000 School fees one kid)1000 X 12 : 12,000 Food only for 3 3500 X 12 : 42,000 Transport 1500 X 12 : 18,000 Medical 500 X 12 : 6,000 Other Maintanence 1500 X 12 : 15,000 Insurence premium 500 X 12 : 6,000
Balance (-3000)
This is the middle class life of the year with 10% TAX.
RE:Great Tax for middle class
by bhagwan rawat on Feb 19, 2007 03:58 PM Permalink
i am request to redifmail Pl'z foerword this massage to Mr. FM & Mr. Manmohan Singh
increase in tax rates always making pains to employees. So care must be taken such that business people couldn't escape it. SO automatically revenues will increase.
India is a heavily taxed state with no benefits for the tax payer. Social security is something unheard of. Tax payer is harrased and treated like dirt. Which explains why we have one of the biggest parallel economies (Black money). A common question most of us ask, Why pay tax when the govt dosent do anything when we are in deep shit?
We should need no more reason to understand why we have a paltry 30 million taxpayers in a country of more than a billion (my googled results threw up that figure). So what do they do for revenue ???
They tax us,TaX Us and TAX US. My income has been steadily increasing over the years, but i dont seem to enjoy most of it, coz most of it goes as TAX (arghhh i hate that word).
On top of this im taxed for everything i buy right from my underwear to my hair oil. I am taxed when i buy a car, when i drive a car (toll), fuel and even when i even get it serviced. Is there something i can do without paying tax? Make babies??? Nah they will TAX more then. At times i wonder when i will find some solace from this crazy system of TAX.
The finance minister is so worried about growing credit in the system. He could probably look at increasing the little concession he provides us under 80cc? Makes sense ???
Someone said TAXI is the most commonly used word, In india i guess it is TAX - I (income).
