This is reality I dont know if you know or not but real budget is decided by Tata, Ambanis and some foreign people. Then this budget is vomited by FM. These industrialist keeps entire parlimentary in their pocket including FM, PM and Italian lady. PC is only messenger.
Tax proposals mentioned from FM is not all useful for common salaried person from govt or PSUs. It is very easy to raise income tax limit from 1,00000 to 2,00000 instead u have increased by 10000 only . what is the use in doing these. one more suggestion for u,Include all types of perks given in IT companies and that should be taxable.IT people will get high salaries and pay very low tax where as govt officials will get very low salaries by paying more tax. is there any justice in ur work as finance minister i will give u a very simple formula to calculate tax like proffessional tax income tax @ 1% - upto 1 lakh income tax @ 2% - between 1 lakh and 2 lakhs income tax @ 3% - between 2 lakh and 3 lakhs income tax @ 4% - between 3 lakh and 4 lakhs income tax @ 5% - between 4 lakh and 5 lakhs income tax @ 6% - between 5 lakh and 6 lakhs income tax @ 7% - between 6 lakh and 7 lakhs income tax @ 8% - between 7 lakh and 8 lakhs income tax @ 9% - between 8 lakh and 9 lakhs income tax @ 10% - between 9 lakh and 10 lakhs income tax @ 11% - between 10 lakh and 11 lakhs income tax @ 12% - between 11 lakh and 12 lakhs income tax @ 13% - between 12 lakh and 13 lakhs income tax @ 14% - between 13 lakh and 14 lakhs income tax @ 15% - between 14 lakh and 15 lakhs income tax @ 16% - between 15 lakh and 16 lakhs income tax @ 17% - between 16 lakh and 17 lakhs income tax @ 18% - between 17 lakh and 18 lakhs
pl scrap all types of saving instruments in future. Then all will pay income tax whether he is in govt or in IT pl do it for the sake of country
RE:RE:Income tax proposals from FM
by Parameshwara PR on Feb 28, 2007 05:18 PM
You government fools (government employees), get good bribing and even tax is paid, you will ave the bribed money. Where as IT people will get hikes in peanuts and since the add up will lead to more money, this hike tax will be gone from our pocket, And the greatest fool mr. FM is thinking about only salary class people and excluding business people who are make lot of money and not paying tax. Just implement this Tax plan strictly on business people and see how India will earn the money by collecting the Taxes
RE:Income tax proposals from FM
by Milind Patil on Feb 28, 2007 03:05 PM
"IT people will get high salaries and pay very low tax where as govt officials will get very low salaries by paying more tax. " Kindly elaborate on what this means... IT guys end up paying large amounts of taxes... and will continue to do so as Tax is deducted by the employer...
Watch out! Mr Chidambaram is the most deceptive FM one has ever seen! He would give one rupee explicitly and take away three rupees some where else!
He gave Rs 1000 relief to individuals in IT by enhancing exemption limit by Rs 10k. But, hold on! Calculate how much you lose by way of 1% education cess he has imposed on you!
RE:VOICE OF CITIZENS
by SRINIVASA GOWDA on Feb 28, 2007 03:06 PM
I am sorry as i am in South Korea at present but if I can be of any help please let me know. my id is srinivas_peraje@oneindia.in. Anyways will inform my frnds back in Bengaluru to join the event.
This is really big tight slap to all the guys holding white collared jobs. He is trying to be very arrogant to this class as we don%u2019t have any other alternative other than paying tax as our earnings are very translucent. And I look forward for a day when he starts demanding money on knife point. Its like PAY else you Die.
we are living with stupid politicians and what do you expect from such stupid people ruling our country and you born in India and you are bound to live with it
