Income tax limit can be raised upto 2,00,000/- from the present level of Rs 100000/- and also giving concessions to the senior citizens by reducing the age to 60 years and giving maximum benefit to them.
RE:Income Tax
by naushad shaikh on Feb 22, 2007 02:36 PM Permalink
dear , sir the present tax structure is not in favour of the common man ("AAM AADMI")tax exemption level should increase to 1.5 lakh which could create along term investment for upto 3years instead of 5years . the present level of 1 lakh should be scrap and be change . !!! naushad shaikh
RE:RE:Income Tax
by potlacheruvu rao on Feb 26, 2007 09:03 PM Permalink
YES; THE MINIMUM EXEMPTION LIMIT SHOULD BE RAISED TO 1.5 LACS AND THE SLAB RATES ARE TO BE REDUCED TO 5%, 10% AND 15% RESPECTIVELY. THIS WILL DEFINITELY BE A DREAM BUDGET FOR THE COMMON MAN
