The new Tax code is only beneficial to the high class society, only to the high income peoples.It will be good if our finance minister only increase the exempted limit for all the people upto 3 Lakhs with other existing benefits as they are.
FM has befooled the people, he has added all tax free income into total income and put up the tax on this total income, ;the impact the individual may be the same, i.e. without anky gain. FM must simplify tax laws so that people file the return without any help.
What about the other things they not willing to show.there will be no exemption for the interest over housing loan. There will be a higher strata of people who avails the education loan,they will also not be able to get exemption.
Re: befooling policy
by Chandrashekhar Sarang on Aug 18, 2009 01:44 PM
DEAR ALL,
WHAT ABOUT PF AND PPF WHICH HAS COME UNDER TAX AFTER RETIREMENT ? HAS ANYONE CONSIDERED THIS. PREVIOUSLY NO ONE WAS REQUIRED TO PAY ANY TAX ON PF AND PPF.
