Though people pay income tax, they are punished for it , not rewarded. How? More income you have, more is your tax slab! This persuades any person to evade tax as there is no incentive for him to disclose more. People who are contributing tremendously for our economy are getting nothing in return. Why cant finance minister make it more lucerative to pay more tax? Why cant he give special concessions for those who pay tax beyond a particular limit? How about spl concession for travelling in train for those who build India by paying imore income tax. Why not call it a nation builder quota? Let people paying IT more than Rs 10 lakh be eligible for it. Let people paying more tax be recognised as such. How about someone paying tax of Rs 1 crore or more be eligible for spl nation builder concession on air fares of national airlines over and above regular concessions. We need to make people who contribute proud for what they are doing. Our finance minister must implement it this time. Every Indian will feel proud to have a finance minister who makes them fel elated for their contribution...
Could you please introduce Expenditure Tax. And all payments be made only by cheques/Debit/Credit cards or any other paying instruments only. you can observe the salaried class will be quite confertable. The Tax Bunking Class will be compelled to pay the exact tax. This should itself give a good deflection in the economic Scenerio.
Re: Re: Expenditure Tax
by Kya Hua on Feb 05, 2010 05:22 PM Permalink
If compnied outsoucred you and you will work as Profssional. then u can take rebate on expenditure.
Re: Re: Expenditure Tax
by Kya Hua on Feb 05, 2010 05:23 PM Permalink
If compnied outsoucred you and you will work as Profssional. then u can take rebate on expenditure.
In the current system, salaried people are penalized because they are charged the most of the income tax. Instead the income tax on salary should be reduced to minimum possible (e.g. Singapore does away with 7% only with world class infrastructure). And then heavy tax should be charged on spending, more heavier on lavish spending so the black money earned will also be taxed automatically when spent by these rescals.
In the current system, salaried people are penalized because they are charged the most of the income tax. Instead the income tax on salary should be reduced to minimum possible (e.g. Singapore does away with 7% only with world class infrastructure). And then heavy tax should be charged on spending, more heavier on lavish spending so the black money earned will also be taxed automatically when spent by these rescals.
Don,t give alms to Indian sply Biharis.Link all NAREGA prgm to development work like Irrigation,infrastructure and agricultural development activities.Don,t wave out loan but give necessary support to pay after earning from farming or industry.Do some noted work for each state and don,t work like king who donates occasionally when any problem come to people.Hope u will understand my saying.
In the current system, salaried people are penalized because they are charged the most of the income tax. Instead the income tax on salary should be reduced to minimum possible (e.g. Singapore does away with 7% only with world class infrastructure). And then heavy tax should be charged on spending, more heavier on lavish spending so the black money earned will also be taxed automatically when spent by these rescals.
In the current system, salaried people are penalized because they are charged the most of the income tax. Instead the income tax on salary should be reduced to minimum possible (e.g. Singapore does away with 7% only with world class infrastructure). And then heavy tax should be charged on spending, more heavier on lavish spending so the black money earned will also be taxed automatically when spent by these rescals.
section 80C to be increased to min 4L home loan premium to be completed waived ,then only people will start investing thats where economy/infrastructure will grow who pays tax regularly govt should provide insurance benefit, as a citizen of india who pays tax regularly whats the benefit, it also makes who are not paying tax can be inclined, and the insurance benefit should be based on how much tax he pays
