The Tax Rates should not only be cut...but the Government should make a uniform Tax Rate for all categories. By doing so not only maximum people will be covered and would be happily paying taxes and thus Govt. would get a better opportunity of increasing revenue by getting more people to pay taxes honestly. This way would decline the number of Tax evaders. Every year the Taxes/Service Tax slabs are putting enormous burden on the common man which should also be reviewed by the Government since inspite of paying taxes we are not being given the quality of infrastructure/facilities one should get from the Government.
