ould consider the not refunded Income Tax as advance tax for the next assessment year. This way Income tax Department would not be able to play with common men's hard earned money & would benefit all honest tax payers. Can FM do this?
pension in pvt sector is not linked to inflation.aperson on retirementfrom govt. services over the bperiod of time gotmoreby pension than what hewas getting at the time of retirment , on the other hand the actualand real pension of a private sector stand reduced to more than 50% AFTER 4/5YRS . to remove this anamoly i suggest that HON,BLE FINANCE MINISTER MAY DEVISE A POLICY UNDER WHICH SOME MONETARY BENEFIT IS GIVEN TO AN ASSESSE ON HIS RETIREMENT DEPENDING UPON THE INCOME TAX PAID BY THAT PERSON OVER THE PERIOD OF TIME (EVEN IS 5%OF THE TAX IS DEPOSIED IN RECURRING FIXED DEPOSIT IT WILL GIVE A HANDSOME RETURN) TO MAKE THE GRATUITY PAYMENT UPTO 10 LACS AS TAXFREE. THE EXISTING LIMIT HAS LOST ITS RELEVANCE THANKS SKGUPTA
pension in pvt sector is not linked to inflation.aperson on retirementfrom govt. services over the bperiod of time gotmoreby pension than what hewas getting at the time of retirment , on the other hand the actualand real pension of a private sector stand reduced to more than 50% AFTER 4/5YRS . to remove this anamoly i suggest that HON,BLE FINANCE MINISTER MAY DEVISE A POLICY UNDER WHICH SOME MONETARY BENEFIT IS GIVEN TO AN ASSESSE ON HIS RETIREMENT DEPENDING UPON THE INCOME TAX PAID BY THAT PERSON OVER THE PERIOD OF TIME (EVEN IS 5%OF THE TAX IS DEPOSIED IN RECURRING FIXED DEPOSIT IT WILL GIVE A HANDSOME RETURN) TO MAKE THE GRATUITY PAYMENT UPTO 10 LACS AS TAXFREE. THE EXISTING LIMIT HAS LOST ITS RELEVANCE THANKS SKGUPTA
Population of India is not a problem rather its an asset.Make use of it. only 37% of total agricultural land is being used for agricultural purposes.Use balance 63% by providing nfrastacture & incentives to unemployed to start cultivation with Govt.help.
Every capable Person should contribute some thing to build his/her country strong. Therfore Put minimum 1% INCOME TAX on every earning person who so ever is living in a house
First of all, I would like the hon'ble Finance Minister for various reforms in the Tax regime. However, I would like to say that the system of Income Tax is totally irrational. Whereas the Government employees are put in the frame work successfully, the business community keeps on enjoying higher income & more or less zero income tax due to lack of efficient mechanism. Income Tax should be linked with status of an individual in regard to his say with Government machinery, loan eligibility, purchase of property, witness/guarantor and several other important utility works. The formats should also be made most simplified, even more than SARAL form used earlier. Besides, Income Tax payees should also be given free medical aid after their retirement, as per income tax paid in his past life. Rather, a scheme such as Medical Insurance/Life insurance should be linked to encourage others as well.
I hope that FM would really like some work on the above suggestions.
First of all, I would like the hon'ble Finance Minister for various reforms in the Tax regime. However, I would like to say that the system of Income Tax is totally irrational. Whereas the Government employees are put in the frame work successfully, the business community keeps on enjoying higher income & more or less zero income tax due to lack of efficient mechanism. Income Tax should be linked with status of an individual in regard to his say with Government machinery, loan eligibility, purchase of property, witness/guarantor and several other important utility works. The formats should also be made most simplified, even more than SARAL form used earlier. Besides, Income Tax payees should also be given free medical aid after their retirement, as per income tax paid in his past life. Rather, a scheme such as Medical Insurance/Life insurance should be linked to encourage others as well.
I hope that FM would really like some work on the above suggestions.
Govt should provide some benifits for tax payers based on how much they pay tax. for example, If a person pay tax 200000 lacs for one year and If he lost job next year, he will get nothing from givernment.
Govt should provide some benifits for tax payers based on how much they pay tax. for example, If a person pay tax 200000 lacs for one year and If he lost job next year, he will get nothing from givernment.
Dear Finance Minister, While you are heading the Finance portfolio, we all have high hopes that there will be substantial relief in personal Income tax in the ensuing budget. The present 30% surchare IT is too much. Ideal tax slab would be 10%-15%-20% net. with increase in the concession limits. FBT must be scrapped. We salaried people, are always the worst sufferers. Kindly consider. With regards, K.R.Rao, Chennai.
Budget is just a mockery.Eighty to Ninty 10% of the indian population dont know what this budjet is ? Union Govt. is making the buget looking to the nees of seven to nine percent of indian population.Every year there is budget. Is it make any difference on the life of common people. Ministers have no other work to do. They want the allowances annd other benefits for attending the parliament sessions in the name of budget. useless discussions on baseless calculations and data. What is GDP ? Who ,the brainless persons are calculating the ratios ? In India things will go on like this only until and unless there will be a constitutional change in the nation.
