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Tax cuts
by Raj D on Feb 05, 2010 11:54 AM

1. Conveyance allowance - 800 rupees. Can you please fix a minister bill for conveyance for entire month on this. So ludicrous. Increase it to 5000 a month, since most of the indians have a car now.
2. Companies should pay more tax on fuel than a common man. Why they should be given subsidary when they are making millions. I am sure the Chamchas will not agree so is the petroleum minister.
3. Section 80c should be increased to 5 lakhs.
4. Education to be moved away from section 80c whatever you pay should be exempted.
5. Interest for home loan should be completely exempted so should be the premium since we are showing income on rent. This is the backbone of country sustained growth. As long as people are shelling out that much money why they should be stopped.
6. Higher sealing on land tax for land with greater value should be strongly imposed. So the people who have land will be forced to sell and the insrupulous land holding and price hijacking will be stopped.
7. Minimum 10,000 should be given an exemption on the food or groceries purchase with the prices skyrocketing. This is still a small number. Why should i pay for the basic essentials. Inspite of this i have any leftovers you apply your slab.
8. Free Medical health insurance for all tax payers. There is no protection for tax payers common man.
9. Free life insurance based on 100 times the money he pays as tax. What if he looses life it should be taken care.


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