I feel the income tax should be charged to all the earning members and there should not be any deduction and allowance on any account. When a person gross income is Rs.3.50 lacs, and when we compute his taxable income, it comes to less than Rs1.60 lacs and there is no tax payable by him. Assume in a House there are 4-5 persons whoose taxable income is less than Rs.1.60 lacs, they do not pay tax. Therefore my views the Income Tax has to be charged to all the earning members in proportion to their earnings. I feel the income tax slab should be restructured. Income Tax at 3 percent for the gross income between Rs.1 to Rs.2 lacs. Income tax at 5 percent for the gross income between Rs.2 lacs and Rs.5 lacs. Income tax at 7.50 percent for the gross income between Rs.5.00 lacs and 7.50 lacs. Income tax at 10 percent for the gross income between Rs.7.50 lacs and Rs.10.00 lacs and Income tax at 15 percent for the gross income above Rs.10 lacs.
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
The Govt. may encourage the small investments.Neither interest rates on investments are atteractive nor sufficient income tax exemptions are available on them.Therefore at least present exemption limit on investments should be increased up to Two lacs. K.K.MODANI
I feel the income tax should be charged to all the earning members and there should not be any deduction and allowance on any account. When a person gross income is Rs.3.50 lacs, and when we compute his taxable income, it comes to less than Rs1.60 lacs and there is no tax payable by him. Assume in a House there are 4-5 persons whoose taxable income is less than Rs.1.60 lacs, they do not pay tax. Therefore my views the Income Tax has to be charged to all the earning members in proportion to their earnings. I feel the income tax slab should be restructured. Income Tax at 3 percent for the gross income between Rs.1 to Rs.2 lacs. Income tax at 5 percent for the gross income between Rs.2 lacs and Rs.5 lacs. Income tax at 7.50 percent for the gross income between Rs.5.00 lacs and 7.50 lacs. Income tax at 10 percent for the gross income between Rs.7.50 lacs and Rs.10.00 lacs and Income tax at 15 percent for the gross income above Rs.10 lacs
I feel the income tax should be charged to all the earning members and there should not be any deduction and allowance on any account. When a person gross income is Rs.3.50 lacs, and when we compute his taxable income, it comes to less than Rs1.60 lacs and there is no tax payable by him. Assume in a House there are 4-5 persons whoose taxable income is less than Rs.1.60 lacs, they do not pay tax. Therefore my views the Income Tax has to be charged to all the earning members in proportion to their earnings. I feel the income tax slab should be restructured. Income Tax at 3 percent for the gross income between Rs.1 to Rs.2 lacs. Income tax at 5 percent for the gross income between Rs.2 lacs and Rs.5 lacs. Income tax at 7.50 percent for the gross income between Rs.5.00 lacs and 7.50 lacs. Income tax at 10 percent for the gross income between Rs.7.50 lacs and Rs.10.00 lacs and Income tax at 15 percent for the gross income above Rs.10 lacs
I feel the income tax should be charged to all the earning members and there should not be any deduction and allowance on any account. When a person gross income is Rs.3.50 lacs, and when we compute his taxable income, it comes to less than Rs1.60 lacs and there is no tax payable by him. Assume in a House there are 4-5 persons whoose taxable income is less than Rs.1.60 lacs, they do not pay tax. Therefore my views the Income Tax has to be charged to all the earning members in proportion to their earnings. I feel the income tax slab should be restructured. Income Tax at 3 percent for the gross income between Rs.1 to Rs.2 lacs. Income tax at 5 percent for the gross income between Rs.2 lacs and Rs.5 lacs. Income tax at 7.50 percent for the gross income between Rs.5.00 lacs and 7.50 lacs. Income tax at 10 percent for the gross income between Rs.7.50 lacs and Rs.10.00 lacs and Income tax at 15 percent for the gross income above Rs.10 lacs
