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income tax rates
by raju gupta on Feb 21, 2007 04:32 PM

tax slabs should be(for salared people)
up to Rs 2 lac nil
2 lac to 3 lac 15%
3 lac and above 30%
no surcharge.
rebates under 80 c; to be raised from Rs 1 lac to Rs 1.50 lac all inclusive for any saving of 3 years or more i.e. including bank and post office deposits.
existing EEE should not be disturbed as it would betrya the very basis of saving in PPF Life insurance and so on.
FBT is totaly counter productive-- must be scrapped.
the number of exemtions available today in various other forms be scrapped.
for self emploed people and also the corporates the tax should be related to turnover also so as to plug evasion by under reportng of profits.
co

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