It is surprising that trillion of dollars of our politicians are lying in Switzerland banks unchecked and untaxed. Not only politicians are killing the common man with high inflation, increasing milk, petrol, diesel, electricity, water, eatable items prices, they are taxing them from many sides. Income tax is taken, property tax is taken. If you own a dog, you pay tax. If you buy a soap or a toothpaste, even the poorest of the poor pays tax. If there are 80 crores people who use soap for bathing or oil for using on body and hair, they pay taxes. Where does this money is going? Our politicians want to keep us poor, so that there are less congestion in city, roads, people from Bihar and UP do not migrate and this Congress party is no different from Thackeray.
This country cannot develop unless the consumer has buying power.Please reduce tax burden drastically.
Mr Finance Minister, Sir, It has become difficult for the survival of common man(Aam Aadmi), hope you have not forgotten him. Its a known truth that there is always a price increase associated with budget, it happens before the budget and after the budget. The fact is that our Indian rupee is losing value due to price increase, it is felt by across all cross-sections of Indian population. People are still struggling with basic necessities even after 63 years of Independence. As a proud Indian our duty is to get everything affordable starting right from food, if we are able to save after eating then only our economy can grow, it shall be the real growth, whereas the growth figures what our country is projecting is negative taking into account the inflation rate. Dada please do something meaningful this time for Aam Aadmi and contain food prices. I am hungry.
Mr Finance Minister, Sir, It has become for the survival of common man(Aam Aadmi), hope you have not forgotten him. Its a known truth that there is always a price increase associated with budget, it happens before the budget and after the budget. The fact is that our Indian rupee is losing value due to price increase, it is felt by across all cross-sections of Indian population. People are still struggling with basic necessities even after 63 years of Independence. As a proud Indian our duty is to get everything affordable starting right from food, if we are able to save after eating then only our economy can grow, it shall be the real growth, whereas the growth figures what our country is projecting is negative taking into account the inflation rate. Dada please do something meaningful this time for Aam Aadmi and contain food prices. I am hungry.
As in may foreign countries, India should also consider number of dependenace for assessing income tax. There is no point in treat a bachelor and a person a 2-3 dependents.. At least this will help us to take care of our ld parents or elders for sake of tax saving... HUH??
The government should bring in a tax structure where in people earning above a certain limit .. say more than 25 lakhs per annum should be asked to pay more tax especially earning business income.
Re: Income Tax
by jhonny k on Feb 04, 2010 07:42 PM Permalink
Socialism never works. Taxing the heigher earning ppl and distributing to someone else will backfire as this results in too many ppl in the benefit receiving que.
Income tax should be abolished or should be kept at minimal level. This will make ppl to have good money in there pocket and this helps economy and creates lots of jobs.. and eliminates poverty.
More deductions under 80 C and housing loan interest should be provided to salaried people. The limit can be increased to Rs. 3 lacs.. these funds can in turn be used for infrastructure builiding. Government should also bring back the standard deduction which was provided salaried people as salaried people are one who suffer the most as they are not allowed any expenses to be adjusted against there salary income when compared to business people who evade taxes by booking ficitious expenses.
More deductions under 80 C and housing loan interest should be provided to salaried people. The limit can be increased to Rs. 3 lacs.. these funds can in turn be used for infrastructure builiding. Government should also bring back the standard deduction which was provided salaried people as salaried people are one who suffer the most as they are not allowed any expenses to be adjusted against there salary income when compared to business people who evade taxes by booking ficitious expenses.
More deductions under 80 C and housing loan interest should be provided to salaried people. The limit can be increased to Rs. 3 lacs.. these funds can in turn be used for infrastructure builiding. Government should also bring back the standard deduction which was provided salaried people as salaried people are one who suffer the most as they are not allowed any expenses to be adjusted against there salary income when compared to business people who evade taxes by booking ficitious expenses.
