Income Tax Exemption Limit be raised to Rs.3,00,000/= for all. For Senior Citizens limit should not be less than 4,00,000/=. Inflation and price rise must be checked so that poor people of this country may survive. P.K.Jauhari
Last minute shifting of all perks on employees from FBT has made us hand-to-mouth since last couple of months. Salaried class is the most honest tax payers of our country and they have nothing to hide like others. All their incomes are subject to tax and the existing rebates are not enough, considering the recent price increase. Pls. increase the rebates and give some relief to us for marinating a happy family.
Re: Give some relief to salaried class
by Indian on Feb 03, 2010 05:12 PM Permalink
"Salaried class is the most honest tax payers". They are not honest but they are forced to pay. No one is honest when it comes to money. Salaried class people give fake medical bills for claiming medical expenses. How can you call them HONEST.
Re: Give some relief to salaried class
by Indian on Feb 03, 2010 05:13 PM Permalink
"Salaried class is the most honest tax payers". They are not honest but they are forced to pay. No one is honest when it comes to money. Salaried class people give fake medical bills for claiming medical expenses. How can you call them HONEST.
Last minute shifting of all perks on employees from FBT has made us hand-to-mouth since last couple of months. Salaried class is the most honest tax payers of our country and they have nothing to hide like others. All their incomes are subject to tax and the existing rebates are not enough, considering the recent price increase. Pls. increase the rebates and give some relief to us for marinating a happy family.
CASH FOR VOTES and CRASH, Government does not want to tell about the current economic CRASH!!
PM said, he wants to rope private sector to complete the cycle of kickback
At MNREGS Sammelan 2010, both PM and Sonia want to Rope in the private sector in order to complete the cycle of Money printing for pet programs, Vote printing(as reward for congress programs), corruption as result and now the private sector is involved for kickbacks.
We are already facing an ECONOMIC CRASH due to overzealous Rupee printing by government by aping BJP model of Money Print = GROWTH.
NOW THE PRIVATE SECTOR will be involved to provide kickbacks quite like how it works in the huge defense deals. Ofcourse, the defence minister are there for coverups.
Look at the name of their schemes and scams for guaranteed votes thuggary such as 'GANDHI named scam' that will result in Govt. money printing i.e cash for vote. Here are the names
Mahatma Gandhi National Rural Employment Guarantee Scheme with the National Rural Livelihood Mission.
Dear Sir, Most of taxes are paid by working class and that's reality. People who are self employed and have their own business normally show losses and get away. There are loop holes in the system, lets agree. Can we do something to tap these multi-lakh rupees group and work out something which would ease burden on taxes on working class and help our nation to be Major force in coming days.
For very long the SALARIED CLASS has been saddled with Taxes which makes one question the sense of proportions. Analogy has it that the "beast of burden" in Indian context is Resident SALARIED CLASS INDIAN...
Here is some food for thought... Yes, you can continue to flog SALARIED CLASS ONLY if you allow them to prosper and not finish them off with Taxes...
(a) Let the slabs be reduced drastically with the MAX Tax slab being 25% (all inclusive - ALL Surcharges, Cess etc.,.). (b) Re-introduce STANDARD DEDUCTIONS... Please don't forget that the common man pays taxes in every thing he buys/uses/enjoys/gains/sells and so there has to be some relief. Let the STD DEDUCTION be slab based Rs. 0-5 L --> Rs. 50K, Rs. 5-10 --> Rs. 1L, Rs. 10L-25L --> 2L, Rs. 25L to 50L --> 3.5L, Rs. 50L-1Cr Rs. 5L. (c) Make the Corporate Tax stricter. Let the Surcharge be reintroduced and be pegged at 20% across all tax paying Corporates. (d) With increasing Commodity Prices Common man (SALARIED CLASS) needs another component of relief which will be called - CPI-Relief and let that be to a max of 5% of the Taxable income - more applied as a rebate on the Tax to be paid. The last point will help the Govt score some brawny points about how they are addressing the “rising prices” syndrome. (e) To ensure that ALL the BLACK MONEY comes to the fore let relief be provided based on Bank Interests and assets declared as a Tax-rebate. This will eliminate the benamis and black money. Tx.Ravi
Food prices Inflation is at 20%, no salary hikes, our guys still want lakhs of crores to run the show by punishing the weeker salaried section. There should be rationalisation on the allocation of budgets.
People sitting for approval of budgets are not bothered the way corporate CEOs reveiw the plans. Things have to change dramatically..
