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Yes it should
by SUDHAKAR SANAGAPALLI on Feb 19, 2007 02:57 PM

As an IT Employee I am paying a tax of around 15000 Per Month which is more than my housing loan repayment EMI and morethan my monthy household expenditure. I know business people who are earning much more paying hardly 10000/- per annum. this is just because as salaried employee there is proof of income and tax is deducted at source itself but for a business people they don't have any income source proof.In addition to this on every daily purchase why I should pay tax again when there is already tax paid at source itself. in that way every salaried person is feeling that he getting squeezed. why don't govt. have a look into this.
- Sudhakar

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Should tax rates be cut? Tell us