As per the budget in 2006-2007, only 1 lakh was allowed for Tax Excemption. This should be increased to atleast 1.5 lakh.
More over people who are paying Tax should be given some benefit in future say atleast after retirement,.. This should attact more people to pay their tax.
Do not charge on the withdrawals of PPF, EPF,.. this is like fooling people, first asking them to invest to save tax and later taking tax on maturity,.. This is incorrect,.. How long could you fool people,
Rather encourage them and give some benefit during their retirement life.
