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Income Tax
by Chandrashekhara S on Feb 23, 2010 01:45 PM

Dear FM,

I recommend to ban all the sections like 10, 17, 80 & so on. Give a open IT system like
(in rs)
1 to 500000 - Nil
500000 to 1000000 - 10%
1000000 to 2500000 - 20%
2500000 & above - 30% Flat

This can be implimented to sects of life.
This will make pinch earner also richer.

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