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Tax for common man
by yesh udumala reddy on Feb 19, 2007 09:43 PM

All the exemptions should be disallowed. Tax should be applicable from 3 lakhs to 8 lakhs at the rate of 10% and 15% above 8lakhs. The cost of education, health care etc has gone up so much that one can barely afford. Taxing people less will help the government to cover more people in the bracket.

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