Income tax slab should definately be reduce to a maximum of 20 % as we indian are the highest tax payer in the world. Almost everything is taxed here and now we are suffocating under the burden as prices of basic commodities are rising. That's why we are now forced to pay high tax and high price for basic commodities and we have little to save for us. I personally feel tht slab should be brought down to a maximum of 20% as goverment is collecting service tax from the business establisment which is ultimatly born by common public. so we are paying income tax out of our hard earn money and at the same time we are paying service tax out of the money which is already tax under income tax act. Now tht's double taxtion. we don't have anything against service tax which the government is collecting but atleast they can give some relief to the common public by reducing the slab. And another good thing which the goverment can do is increasing the exemption limit from 1 lakh or 1.35 in case of a women to even higher level. After all the goverment is their for the welfare of the public.
