Or else, why they have not even taken high rate of inflation into account. Given that most essential commodities cost at least 50% more vis-a-vis last year, there was a strong case to raise the threshold limit to Rs. 1,25,000/- at least, if not more. But it seems all the human PC is concered with is whether or not prices of PCs (personal computers) is going up or down!
Then, why raise exemption limit for senior citizens most of whom have an income, in any case, much less than Rs. 1,95,000/-. This is nothing but extraordinary craftsmanship employed to fool the masses.
Wow FM! You really think you are a master craftsman! But, do remember, people of India are not fools!!!
LESS HOPES MORE TROUBLES. V R BACK IN THE DARK AGE OF ANCIENT TIME OK SO THERE WONT BE ANY MONEY SYSTEM...? NO JUST FORGET `APNA SAPNA MONEY MONEY' & ENJOY MONEY LESS LIFE.
i would like to suggest a nice way.. as only 12% of earning population of india is paying taxes out of which 11% are salaried employees...what abt those other 88%??? the best ideas is to make fuel prices 100Rs a litre for petrol and no taxes for any one. this way gov can earn good money..(rise the price of the thing which is used in daily life and rish ppl use it more)
actually its a myth that income tax will reduse because of 10000 limit raise a simple calculation tell us that all those with income more that 5.1 lakh will end up paying more tax oh god i hate these fine lines.
