Dear Sir/Madam, Its very painful for salaried class when Finance Ministry has made provisions to tax employees for HR Perqusite at the rate 20% where population exceeds 4 lac and 15% where city populations less then 4 lacs.
As in the category for calculation it taxed on Basic pay + any pers pay/APP + DA.which is on to higher side. In the previous budget viz 2004-05 was 10% and 15%.
Can Finance Minister see the genuine grevances of employees !
