It is our wish that the tax on income up to Rs.5,00,000/- should be done away with, if not up to Rs.10,00,000/-.
The present system of charging same tax rate for the same income is not correct. It should be linked with the place/city where the tax payer is staying. For example, a person who resides in a metro and if his colleague of the same stature is in a village, the government should allow some benefit to at least partially compensate the burden of living in a big city.
