Salaries Persons are most affected now-a-days due to high expense and more tax. Out of the Gross salary of 1 Lac p.m., the expense will be arround Rs.45,000/- and the taxation will be around Rs.15,000/-. This is not fare for salaried class who are paying tax without any manipulation. Therefore, Salary income should be taxed less than current rate.
Salaries Persons are most affected now-a-days due to high expense and more tax. Out of the Gross salary of 1 Lac p.m., the expense will be arround Rs.45,000/- and the taxation will be around Rs.15,000/-. This is not fare for salaried class who are paying tax without any manipulation. Therefore, Salary income should be taxed less than current rate.
Salaries Persons are most affected now-a-days due to high expense and more tax. Out of the Gross salary of 1 Lac p.m., the expense will be arround Rs.45,000/- and the taxation will be around Rs.15,000/-. This is not fare for salaried class who are paying tax without any manipulation. Therefore, Salary income should be taxed less than current rate.
Hon. Finance Minister and his reputed Team should be applauded for such a direct and forceful initiative on new direct tax code. I can humbly suggest that the OCI certificate holders should be exempt from paying 30% tax deducted at source on their interst income from their NRO savings account because the Rupee componenet of interest income is so small that in 9 out of 10 cases the whole amount stands much below the taxation threshold. Why then the Banks still deduct and ask the customers to apply for tax refund when they do not have any earning in India as they are not allowed to work in India without work visa. Please consider Mr Minister, Sir. - Soumen Sydney Australia 12/2/10
Re: Clerical Minded Indians
by arun dubey on Feb 11, 2010 11:57 PM Permalink
i think the minorities should be given tax benefits so that they can earn their livelihood ..and gap between majoirty and minority community perishes
Re: Re: Clerical Minded Indians
by dorairaj badrinarayanan on Feb 12, 2010 12:17 PM Permalink
minorities get benefit from all the sides still u want to give tax benefit too. As of now minorities in gove dept earns more than majority.
Most of the small business organization manipulate their books and show very less profit than what they make. Salaried people on the other hand end uppaying full tax even though they earn less than business organizations. IT department should look at how to make these business pay right tax. e.g. enforcing computer systems for all purchases and sales.
Most of the small business organization manipulate their books and show very less profit than what they make. Salaried people on the other hand end uppaying full tax even though they earn less than business organizations. IT department should look at how to make these business pay right tax. e.g. enforcing computer systems for all purchases and sales.
Most of the small business organization manipulate their books and show very less profit than what they make. Salaried people on the other hand end uppaying full tax even though they earn less than business organizations. IT department should look at how to make these business pay right tax. e.g. enforcing computer systems for all purchases and sales.
