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Why tax already taxed incomes.
by Nitin Dutt on Feb 02, 2010 03:07 PM  Permalink 

We are salaried class people. We pay our taxes honestly and take home our incomes or whatever is left of it. We run our households on this income, educate our kids and we do not want to do it in government and MCD schools by any means. We spend hefty amount of medical insurance but apart from that we need to pay doctor fees and other medications that do not warrant hospitalisation and are not covered by mediacl insurance. We buy food and other necessary groceries at exhorbitant prices, we save money for our future and for the future education of our children. we pay electricity bills and water bills. And on all these purchases we pay taxes sometimes VAT and sometimes service tax.
The industrialists and commecial establishments are not bothered, you raise service tax, they raise our tax. We end up paying more taxes.
Why cannot we get the same benefits that are being extended to such establishments, why cannot we deduct our expenses from our income. as the amount of 1.6 lac and 1 lac saving is just an eyewash and does not help us much.
I'm no finance wiz but I do know I will spend more if I have more, putting more money in my hand will ensure more spending by me and that only will boost economy of the nation. We need a developing nation, a vibrant economy not one nation that sucks my blood by the way of taxes.
I do not know if rediff will actually take this to you but if they do and you actually happen to read this, then do not forget that we are the foundation of nation

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madarchodkiaulad!!!
by SAURABH SINGH on Feb 02, 2010 03:02 PM  Permalink 

paheleKHANEEPEENEKEdamKamkarBhosdichod.

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Taxburden
by DHARMENDRA PATIL on Feb 02, 2010 02:58 PM  Permalink 

Please consider the salarised person income & tax he is paying honestly.While politician & buisnessmens who are not honest for tax payer.
Tax for salaried person should be reduced.

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Taxburden
by DHARMENDRA PATIL on Feb 02, 2010 02:58 PM  Permalink 

Please consider the salarised person income & tax he is paying honestly.While politician & buisnessmens who are not honest for tax payer.
Tax for salaried person should be reduced.

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Taxburden
by DHARMENDRA PATIL on Feb 02, 2010 02:58 PM  Permalink 

Please consider the salarised person income & tax he is paying honestly.While politician & buisnessmens who are not honest for tax payer.
Tax for salaried person should be reduced.

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Great Site For Learning Financial Knowledge
by rsgabind on Feb 02, 2010 02:58 PM  Permalink 

LetsLearnFinance com

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Include benefits for keeping parents alongwith you
by wasim mohammed on Feb 02, 2010 02:57 PM  Permalink 

Individuals should get tax benefit for taking care of thier parents if parents are living with them in same home.

This will force many buclear families to go for joint family system and also parents will be well taken care of.

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Income Tax
by srinivasan mv on Feb 02, 2010 02:54 PM  Permalink 

1) Bring all rich Agriculturists into Tax Bracket.
2) Do not allow Rich to evade tax by showing income as Agricultural Income.
3) Create digital records for land holdings for the entire country and bring to book the politicans who have lands in Benami names.
4) Introduce Standard Deduction.
5) Provide tax benefits for families who have only one earning member.
6) Introduce disincentives for families who have more than two children.
7) Provide incentives for Joint family system - It brings cost of living down and takes care of elderly parents also.
8) Increse the minimum tax slab to Rs. 5,00,000/- tax free
9) Introduce harsh rules against government employees/babus/netas who take bribes.
10) Provide huge incentives for setting up multi speciality hospitals in Tier II and Tier III cities.
11) Provide huge incentives for setting up call centers in rural areas/semi urban areas.
12) Scrap the present PDS system and introduce coupon system as in USA. It will eliminate corruption in PDS and smuggling.

I know that I am day dreaming. Because, most criminals are Babus and Politicians. They will never like to change the country for good nor allow anyone who likes to do.

Pranbada Zindabad.

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Income Tax
by srinivasan mv on Feb 02, 2010 02:54 PM  Permalink 

1) Bring all rich Agriculturists into Tax Bracket.
2) Do not allow Rich to evade tax by showing income as Agricultural Income.
3) Create digital records for land holdings for the entire country and bring to book the politicans who have lands in Benami names.
4) Introduce Standard Deduction.
5) Provide tax benefits for families who have only one earning member.
6) Introduce disincentives for families who have more than two children.
7) Provide incentives for Joint family system - It brings cost of living down and takes care of elderly parents also.
8) Increse the minimum tax slab to Rs. 5,00,000/- tax free
9) Introduce harsh rules against government employees/babus/netas who take bribes.
10) Provide huge incentives for setting up multi speciality hospitals in Tier II and Tier III cities.
11) Provide huge incentives for setting up call centers in rural areas/semi urban areas.
12) Scrap the present PDS system and introduce coupon system as in USA. It will eliminate corruption in PDS and smuggling.

I know that I am day dreaming. Because, most criminals are Babus and Politicians. They will never like to change the country for good nor allow anyone who likes to do.

Pranbada Zindabad.

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Income Tax
by srinivasan mv on Feb 02, 2010 02:54 PM  Permalink 

1) Bring all rich Agriculturists into Tax Bracket.
2) Do not allow Rich to evade tax by showing income as Agricultural Income.
3) Create digital records for land holdings for the entire country and bring to book the politicans who have lands in Benami names.
4) Introduce Standard Deduction.
5) Provide tax benefits for families who have only one earning member.
6) Introduce disincentives for families who have more than two children.
7) Provide incentives for Joint family system - It brings cost of living down and takes care of elderly parents also.
8) Increse the minimum tax slab to Rs. 5,00,000/- tax free
9) Introduce harsh rules against government employees/babus/netas who take bribes.
10) Provide huge incentives for setting up multi speciality hospitals in Tier II and Tier III cities.
11) Provide huge incentives for setting up call centers in rural areas/semi urban areas.
12) Scrap the present PDS system and introduce coupon system as in USA. It will eliminate corruption in PDS and smuggling.

I know that I am day dreaming. Because, most criminals are Babus and Politicians. They will never like to change the country for good nor allow anyone who likes to do.

Pranbada Zindabad.

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