government should now reduce I Tax rates in all slabs by 500 percentage points and also increase tax free income to 2 lacs.Remove all stupid concessions and exemptions except for cahrity and donations to registered well audited socila welfare schemes and projects. The babudom and inspector Raj should be finished. It should be simple to calculate I tax in 5 mionutes and fill 3 blanks ,besides PAN numbre ,name and adress of tax payee and his orgnaisation.bring equality for men and women tax payeees.Stop allcaste,based and gender based disffernecs except for more than 30% disabled persons.
RE:RE:Government should reduce all I Tax rates by 5%
by asad hgjkf on Feb 08, 2008 01:33 PM Permalink
I guess u meant 500 basis points and not percentage points. Exemptions are what prompt Indians to save and buy insurance, so I don't think they are going anywhere.
RE:Government should reduce all I Tax rates by 5%
by Anilkumar Kucheria on Feb 24, 2008 12:53 AM Permalink
Guptaji, Next time, I want u to be the Minister of Finance for this country, Kyaa Baat Kahi Hai, wah wah....
