Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Tax slabs and 80C deduction limit should be increased
by atul agrawal on Feb 23, 2010 07:48 PM

Tax slabs
Men 2.5lac - 0%; 5 lac - 10%; 10 lac - 20%; 10 lac 30%
Women & Senior Citizen 5 lac - 0%; 10 lac - 10%; 15 lac - 20%; 15 lac - 30%
All deductions should be brought under one umbrella and limit should be increased to 5 lac for Men, Women & Senior Citizen
It should include everything from
Medical expenses self,parents & children
HRA
LTA
Investments
Donations
Home loan
Food Allowance
Education loan self and children
Travel Allowance
etc. etc.
All Loans, Investments and Salary should be linked with PAN number and the tax liability automatically calculated rather than leaving it for the individual to do

    Forward  |  Report abuse
The above message is part of the Discussion Board:
http://business.rediff.com/business/2010/feb/01/your-say.html