There is proverb we propose God dispose. But in this budget I proposed( thought) there will be something for the poor middle calss. In IT nothing has happend. In the case of petrol Budget given something reduction, but the particular minister has not allowed to enjoy the same for public. I feel the budget is for the people and not for a minister to keep for the reason well known to him.
FM & PM and leader of ruling party may look into it and the reduction happend in case of petrol by way of reduction in duties and freight charges may kindly pass on to people of our country. Budget is for our coutry & for the people. Otherwise what effect the people of india got by giving the reduction in duties of petrol?
We are feeling bad because there were so much hype before the budget, but it didn't happen. But it will be dificult to reduce taxes further. Nobody is talking about the changes done in last 3-4 years. What was to be done is already done. No it is individual's responsibility to pay proper tax. It is the IT Department's responsibility to catch tax evadors.
Next point is where the money goes. It is true that there is corruption. We are not geting proper output. But somebody else (with the exception of corrupted people), is getting the benifit who is in really need (even thouth everybody who are in really need are not getting the benifit). Atleast we are helping others indirectly. But we can't just blame and seat quite. Instead of blaming the system if we can start working at the root level, the things will definitely change.
If we compare our taxation with others in US or Europe, they pay much more tax than us. They also get real benifit of that. Our economy is growing fast. Then why can't we???
Good that atleast 1ooo can be saved now.. am happy with that as money saved is money earned.. i have just started earning and it really hurts to let off go the hard earned money very easily.. i just hope that the basic exemption goes on increasing..
RE:Replace the FM
by imtiyaz dar on Mar 13, 2007 03:06 PM Permalink
Every time i look an article on Tax my hear sinks. Earler the better this F.M should go
I think the youth should take it upon themselves to clean our political system - just like the film rang de basanti advocates toherwise them guys will just keep murdering the poor people of the country by eating their hard earned money in the form of taxes
If the employees of the pvt. companies are creating more wealth and not paying taxes than Govt. should take all the companies and give all citizens govt. jobs. Instead govt. is selling all the Companies they have i.e. PSU.? Why? we have to slog for hours and days, and get penalize for our efficency..and on top of this face these (most of them 80%)corrupt govt officials for various approval and certificates..Why?
Dear Sir, In My Opinion, the rate of tax should be nil i.e. upto Rs.1,50,000 for all citizens. It will be benefited to every middle class people. As the Finance Minister is failure to implementing the same. This is very bad to some of us and I am extremely sorry to says this. Thank Q, Urs Ramprasad Kothapalli.
as i TAX payer i dont mind paying tax, but what do i get in return...NOTHING...absolutely nothing...all the tax money is spend on BIMARU states..where the ministers & govt officials spent this monely on their foreign visit and lavish quarters..and their new cars and what not..
we all know how much leakages are there in excise, custom & IT department..is the FM blind on them??
and to make things bad to worse we have new pay commissin which will advise pay hikes for the sucking govt officials who will suck all the money avilable in the govt..
Please note carefully, you should do deferintiate Salary person IT wise such as:-
a) Central Government & State Government Employees of any organisation may give more Tax and they must have less benefits under IT because they are having other source of income .
b) Small business man (1 - 20 Lacs) have some other tax benefits as they are also having other source of income.
c) Private sector employees may under less IT rules as they are getting No. 1 income & do not have any other source of income. These people are most harrased. Because they are have to work harder & harder to stay in pvt. co. & do the performance. If you tax them heavily then how they sustain.
Because now days everything is going against there limits like house rent, conveyance, eatables etc
RE:Different Tax for Different Salaried Class
by anil harolikar on Mar 13, 2007 12:20 PM Permalink
Our freind seems to be under the mis conception that all govt employees and small businessmen are corrupt and have other sources of income whereas all private sector employyes are paragons of virtue. There are black shhep every where and good and honest people every where. such generalisation only shows lack of aplication of mind or limited experience.
RE:RE:Different Tax for Different Salaried Class
by A C on Mar 21, 2007 02:22 PM Permalink
I fully agree with Anil. There are many goverment employees who slog more than those working in the private sector and that too for no financial gains.
what action is going to take against Hassen Ali who cheated in croers, (and MP from congress also)they can crush the working class people only, who are earning less paying more IT, tax evaders are enjoying very much in India
