Tax burden on middle class seems quite more than what is required (Annual earnings between 3,00,000 to 10,00,000 INR) There is need to review tax slabs and also the lower income limit, which is exempt from tax. Also there is need to increase tax free investment limit (currently 1,00,000 INR) to encourage investments and save tax, at the same time get good returns on investments.
Tax burden on middle class seems quite more than what is required (Annual earnings between 3,00,000 to 10,00,000 INR) There is need to review tax slabs and also the lower income limit, which is exempt from tax. Also there is need to increase tax free investment limit (currently 1,00,000 INR) to encourage investments and save tax, at the same time get good returns on investments.
Dear FM, Here are few suggestion which are not only adding benefit to a common man but also to Government.
More benefits to farmers. - Increase fertilizer supply at more subsidize rates. - Provide ample electricity to farmers. - Introduce a new supply chain with less middleman between farmer and consumers which can provide more rates/kg to farmers and reduce the cost to consumers. - Laber shortage in farming. - Introduce the plan to use the new technology. - Increase the subsidy for drip irrigation system. - Promotion to Wind/Solar energy driven motors.
For Tax Payers - 20% tax slab limit can be expanded so that small tax payers won't have to pa 30% tax. - Education cess should be increased. That income should be used extensively provided for better education. - Full tax benefit should be provided on the donation of old computers to educational institutes.
For the Kitchen - Govt. driven food supply chain should be introduced like "Food Bazaar", which can fill the gap between farmers and consumers and make thing cheaper for consumers. (Other products can also be considered). Its by product will be the employment to thousands of people. - Promote "Laghu udhyog" for food and beverages.
Global warming - Increase the tax slab to companies creating green house and coal energy. - Add budget for special department for "Green" earth project"
The Income tax slab for the salaried class should be increased from the current Rs.1.6 lakh(men)/ Rs.1.8lakh (women)to a higher level due to increase in salaries.
1. Implement all existing welfare schemes, be it old age pension,farmers schemes for the women
2. Any state that spends on free schemes should waste its own funds.
3. Elders above 65 should have fare reduced to 50 % i n railways and on road services and by 33 % in air service and life timefree local bus pass above 70
4. Special functional geriatric wards in all public hospitals should be opened.
5.Law be introduced to confisicate all illegal money be it with bureaucrats,politicians or others
6.Enforce free education upto 15 yrs. High fee structure in schools, donations unlimited lead to corruption.
7. Assure minimum profit rate at farmgate and save the farmers
Unless the majority living in rural areas have more funds to spend Indian economy can nevpZcKEer improve. All the best Mr.Finance minister
what is the use of gving benefits to the ppl who are of no use do not work ,do not live properly, the one who spoil their inherited property,drink,and sell all their assets due to various bad habits and never do hard work . on the cntrary the ones who work hard and earn sum thing but are deprived of bpl benifits just for doing hard work this is our goverments policy to promote clumsiness .i hate these policies using our hard earned money for geting easy publicity and this is misuse which hurts me when paying taxes. plz look in the policies and revise them for benifits of hard workers inspite of ppl who never work even for themselves and tking the taxpayers hard earned money as various benifits given to them by government.
The proposal to increase the limits of various slabs (10%, 20% etc.) is definitely a very progressive and forwading looking step. The proposal to increase the 80C limit from one to three lakhs rupees is welcome. The limit of gratuity from the existing 3.5 lakhs to 10.0 Lakhs rupees is defintely good. However, it should be revised in a block of every 3-5 years to considering the increase in price rise/inflation. The proposal to abolish Rs. 1.5 lakhs tax benefit on home loan interest certainly needs a relook. Rs. 1.5 lakhs tax benefit on home loan interest has helped the middle class to realize their dreams of owning a house.
The proposal to increase the limits of various slabs (10%, 20% etc.) is definitely a very progressive and forwading looking step. The proposal to increase the 80C limit from one to three lakhs rupees is welcome. The limit of gratuity from the existing 3.5 lakhs to 10.0 Lakhs rupees is defintely good. However, it should be revised in a block of every 3-5 years to considering the increase in price rise/inflation. The proposal to abolish Rs. 1.5 lakhs tax benefit on home loan interest certainly needs a relook. Rs. 1.5 lakhs tax benefit on home loan interest has helped the middle class to realize their dreams of owning a house.
what is the use of gving benefits to the ppl who are of no use do not work ,do not live properly, the one who spoil their inherited property,drink,and sell all their assets due to various bad habits and never do hard work . on the cntrary the ones who work hard and earn sum thing but are deprived of bpl benifits just for doing hard work this is our goverments policy to promote clumsiness .i hate these policies using our hard earned money for geting easy publicity and this is misuse which hurts me when paying taxes. plz look in the policies and revise them for benifits of hard workers inspite of ppl who never work even for themselves and tking the taxpayers hard earned money as various benifits given to them by government.
