1. Extend microfinnace to rural India with PPP model 3% interest --min loan 2000 max 10000 with 2 years term 2. Introduce GST with 12% indirect tax for all commodities -remove cst,local tax ,octroi,state level entertainment tax 3. 60% collection to stay in state and 40% for central-a software will automatically shift fund of 40% to central --all banks should introduce such system 4. No tax upto 5 laks earning and beyond 5 a simple 15% tax with tax releif for 2 lakh on deposite to PF,Pention fund,Insurance only 5.Housing loan upto 30lakhs --15% tax releif 6.Agriculture --upto 10 acre land earning --no tax and beyond 5%
simplify income tax laws. remove all exemptions. put practical rates on practical slabs (upto 5 lakhs nil, 5-10 lakhs 10%, 10-20 lakhs 20%, 20 lakhs and above 30%). make all earnings taxable. issue directives for salary details so as to include all benefits.
The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 5,00,000.00 10% 5,00,001.00 to 7,50,000.00 20% 7,50,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00.
The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 5,00,000.00 10% 5,00,001.00 to 7,50,000.00 20% 7,50,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00.
The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 7,50,000.00 10% 7,50,001.00 to 15,00,000.00 20% 15,00,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00.
The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 7,50,000.00 10% 7,50,001.00 to 15,00,000.00 20% 15,00,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00.
Re: Income Tax.
by ananth prasad on Feb 11, 2010 07:57 AM Permalink
hi,, i agree with u, i suggest tht whenver there is a crash in stock mrkt, when govt need funds only LIC nd UTI will help in funding., i suggest to increase 80c from 1lac to 2lac., this addition 1lac should be purly given to pure life policies like traditional polies
Why interest paid on NRI deposits are less than domestic deposits as NRI's contribution to Indian economy certainly helps to control Dollar/Rupee ratio. Any chance to increase NRI interest rates in coming budget?
Why interest paid on NRI deposits are less than domestic deposits as NRI's contribution to Indian economy certainly helps to control Dollar/Rupee ratio. Any chance to increase NRI interest rates in coming budget?
