Yes, Tax rate should be cut and brought down to a reasonable level. Income upto RS. 2.5 Lakhs should be totally exempted of Income tax. Above RS. 2.5 Lakhs tax rate may be at the rate of 10 % with no surcharge. The tax rate should be 15for income above 2.5 to 15.00 lakhs and above 20 % above 15 lakhs per annum.
It should be apprecaited that income level has increased with the increase in education level. The part of income is also being paid to Government by way of service tax. How much pocket Government wish to eat away fro poor citizens.
Citizens paying more than one Lakh Income tax should be given additional benefits like Civil recognitions and benefits like concessions in admissions in colleges and universities for their wards, concessions in travels abroad, should be isssued special identity cards etc.
