All pay and allowances etc. should be treated as total income and to be taxed at low rates say 10/15/20 %. No separate benefit / relaxation / exemption to be given against any allowances etc. which will make the process simple and easier to file returns. The same will also not indulge people to make manipulations to claim exemptions but revenue of Govt. will also rise, reduce scope of corruption at all segments.
All pay and allowances etc. should be treated as total income and to be taxed at low rates say 10/15/20 %. No separate benefit / relaxation / exemption to be given against any allowances etc. which will make the process simple and easier to file returns. The same will also not indulge people to make manipulations to claim exemptions but revenue of Govt. will also rise, reduce scope of corruption at all segments.
A small shop keeper or businessman, who does not have leaves, works for 12 hours in a day, does not have LTC, bonus, medical or retiral benefits, how he can be equated with salaried person, actually if tax slab is 2.5 lacs, his tax slab should be minimum 5.00 lacs. If Govt. does not remove this anamoly, he will continue with making so called in technical language black money. Similarly for salaries persons too-tax rate and slab must be linked to inflation, why it should be prarogative of FM or budget. In budget the relief should either be bigger to it or we do not need such FMs, who are bent upon to punish common man each time.
Similar article is published not only on rediff but over other sites as well....and we salaried employee enters to an imaginary world and on the dday the reality strikes....only guys who are going to benefit are.... backward classes...rich farmers..and of course our hard working babus who will have all the authority to distribute our taxed money....loan waivers ... freebies....
