The salaried and pensioners are worst affected as IT is deducteda t source. Businessmen escape and avoid IT to a large extent. Spiralling prices shd be taken into acct and salaried and pensioners charged at 20% instead of at 33%(inl cess).
Hospitalisation shd be allowed in any hospital not necy under sec 17.2 only.The limit must be increased to 2.00 L.A benefit of 1L must be allowed for domicilliary/at home treatments.
Rental income must be exempt upto 2 L.The expenditure on regn must be allowed as deduction from income.
Maid/male servant wages must be allowed to be deducted from income.As also, utility bills of residence.
Parents over 75y being taken care of by son may be allowed exemption upto 2L per year.
since interest on FD is just 6.5% pa, the interest income upto 5 L may be exempted for pensioners/retired.Rising p[rices are not being acct in the budget.
