I really don't understand why such a big fuss is made about tax savings. After all, don't you believe that our own country needs tax to have a healthy economy? If every individial thinks of ways to escape tax, we would simply e dragging ourselves to destruction in the long run!! And I don't see any point in people articulating things - All you would be saving at the end of the day would be a very minimal amount. You would realise all your money after 50 years when you would never want money!! - all what you get is loads of headaches. The best policy is for the government to put in a policy to deduct tax at source everywhere across the country!! Pay your 30% tax and be happy....
RE:RE:Saving tax??
by vishnu parandhaman on Aug 13, 2007 07:55 PM Permalink
i sure you dont know anything about tax .. you fool ..or you must be the son of FM or he himself. do u think th FM is a fool like you ..
RE:Saving tax??
by rahul on Jul 13, 2007 11:17 AM Permalink
Mr.Advisor, You are not aware that we directly or indirectly pay more that 50% of our incomes in form of taxes. You should know that ONLY THE SALARIED CLASS pay taxes and rest try to do gimmicks as there is no strong tax policies for them.So rich n business class are becoming more richer n middle-class becoming poor due to rising inflation.It is not how much you earn but the tax savings are limited.
RE:Saving tax??
by -someone sensible. on Jan 05, 2006 03:18 PM Permalink
The tax exemption is given by the government. So, saving tax is not against the law. Moreover, nobody can legally save 100% of the tax that he/she has to pay. The monies that we invest in the various schemes is used by the government for development and that is the reason why we are given an exemption. When we are unmarried and young, our risk taking capacity is greater because as we age our salaries generally are going to increase. So this is the best time to invest rather than in the old age when we will be retired and won't be generating any income. So, contrary to what you mentioned, our need for money in the old age will be more critical because we won't be earning any thing. So start investing now and think of saving tax.
