increase the slabs as 0 to 500000 nil 500001 to 1000000 10% 1000001 to 1500000 20% 1500001 and above 35% remove all exemptions. let it be simplified. Also there should be special rate of interest to the senior citizens @ 12% for the investment up to 5000000.
increase the slabs as 0 to 500000 nil 500001 to 1000000 10% 1000001 to 1500000 20% 1500001 and above 35% remove all exemptions. let it be simplified. Also there should be special rate of interest to the senior citizens @ 12% for the investment up to 5000000.
At present women employees get a higher exemption limit of income-tax compared to their men counter parts. Is not it illogical? In India, the family burden is mainly borne by men folk. The majority of working women are just an added source of income to their families. (Their men also earns income at the same time) However, all the working men do not have employed wives and they are supposed to carry the weight of family, including that of his wife, all alone. So, what is the logic of this gender bias other than it is used as a plank for vote catching? FM should correct this gender bias. After all our Constitution is against all sorts of gender bias. Isn\'t it?
At present women employees get a higher exemption limit of income-tax compared to their men counter parts. Is not it illogical? In India, the family burden is mainly borne by men folk. The majority of working women are just an added source of income to their families. (Their men also earns income at the same time) However, all the working men do not have employed wives and they are supposed to carry the weight of family, including that of his wife, all alone. So, what is the logic of this gender bias other than it is used as a plank for vote catching? FM should correct this gender bias. After all our Constitution is against all sorts of gender bias. Isn't it?
Re: illogial gender bias in income-tax exemption limits.
by jsp keshari on Feb 23, 2010 01:21 PM Permalink
I fully agree with you. There should not be disparity of men and women where in Indian culture mens are taking more burden instead of women. Where husband and wife both are serving then tax should not be relaxed but only one member of the faimly is earning then tax should be relaxed more than that in comperision of both earner
Give relief to salaried people-don\'t push them to wall.Income upto 3 lakhs-no income tax. 3,01,000 to 5 lakhs-increase 10% 5,01,000 to 10 lakhs-increase 10% above 10 lakhs-40% Introduce strict vigilance on income by Doctors,Lawyears,other Professionals who declare a small fraction of their real income.
Give relief to salaried people-don't push them to wall.Income upto 3 lakhs-no income tax. 3,01,000 to 5 lakhs-increase 10% 5,01,000 to 10 lakhs-increase 10% above 10 lakhs-40% Introduce strict vigilance on income by Doctors,Lawyears,other Professionals who declare a small fraction of their real income.
Re: Income Tax
by jsp keshari on Feb 23, 2010 01:27 PM Permalink
Upto 5.0 Lacs no tax 500001 to 1000000, 15%tax 1000001 to 2000000, 25% and beyond 25.0 Lacs 30%
We need more sops for the lower income group people & farmers instead the FM is busy catering to the needs of the High Income groups & businessmen..shame on him!!
