Pls increas the overall limit for tax exemption. We get higher salaries (tax bracket 30% surcharge) since we deserve to get the same but when the same is clubbed with a higher tax bracket, the net take home gets reduced to the one third of what we deserve. Reducing the overll income tax rebate will take care of the tax component for all salary brakets.
Try to streamline tax system by lowering Income Tax and making it flat at 7.5%. Colect taxes on infirect taxation,expenditure taxes and Transaction based taxes so that no one can escape these and it will be dependent transaction/volume. Increase corporate tax to 40% and include all corporate expenditure/payments under tax net.Special tax should be introduced for IT and other export oriented units who benefit on Rupee depreciation and this should be taxed. No tax holiday for IT or FDI related units anywhere in the country. Introduce cess for combating terrorism.Collect 10% of net income or 5 crore rupees from all companys which ever is higher to built up a modern anti-terror force equipped with Drones,B-52 and Naval Servillience equipment. Tax heavily on Cinema People,Cricketers,tebnnis and Footbal Players and distribute it to Hockey, Kabaddi and Athletics.
sir Housing loan exemption limit should be 100000 u/s 80 C as principle (Excluding other Investment) and housing loan interest exemption Rs.250000/-PA.
Very less peoples pay income tax.There are several peoples like Doctors, Builders,Contractors,Business peoples ctc.ctc who do not pay income tax eventhough they earn Ten times higher than what a medium salaried person earn in month. Reasons for that is best known to the GOVT. So, my earnest request to the Honourable Finance Minister is to enhance the limit to pay income tax to Rs. 5.00 lac`s P.A. So it shall be convenient for a common man to cop up with his/her family expendicture especialy during this prak inflation and high cost of living. We, poor salaried person`s hope our F.M. will hear our grivances.
sir Housing loan exemption limit should be 100000 u/s 80 C as principle (Excluding other Investment) and housing loan interest exemption Rs.250000/-PA.
sir Housing loan exemption limit should be 100000 u/s 80 C as principle (Excluding other Investment) and housing loan interest exemption Rs.250000/-PA.
sir Housing loan exemption limit should be 100000 u/s 80 C as principle (Excluding other Investment) and housing loan interest exemption Rs.250000/-PA.
With the commodity prices soaring sky high FM must look at the easy living of the common people. More than 50 % of the income of salaried class is deducted as income or various tax but they or the common people hardly get anything out of this. No basic eductaion, no health care only if care is there then it is for ministers. Dear FM please reduce the load on the salaried class and spen less. Please dont show huge figs of fiscal deficit to attarct more taxex to please your ministers.
There is a limit of Rs.20000/- for cash payments and acceptance/withdrawal of loans and deposits. This gives the impression that all Indians doing business or profession are thieves or tax evaders. This is humiliating. Either these sections should be scrapped or the limit raised to at least to Rs. one lakhs.
As ET is varied to state to state, it may not abke to provide costeffective programs to public. 1.Like to have look a like Essel world/dosney world in all Metros with min cost & free to children. 2. Promote Tax /ticket free-science/technology theatre. 3. Min tax for young talent shows, Live drama/drama theatre, Movies etc. Legalise Or Make all Doctors who owns clinic to produce bill for their consultancy, Make all Lawyers, Builders, Commison agents, Garage, Dentist, Tution classes, Street Traders, etc come under Tax bracket by accepting white money with proper bill.
