Dear Pranab babu, I request upon you to abolish TDS on Individual income tax and the reason why I am asking this is due to the fact that most corporates are showing off the taxes paid by them including the individual income tax deducted from the employees. Also higher amount of taxes are being deducted and paid to the Income tax department and then asking the employees to run around the Income tax department for refund of their money. Many a times it is taking years to get back your money from the Income tax department.
Why should all the middle class suffer due to such acts by the corporates?
Also pls simplify the tax structure further to bring out deductions as standard deductions to make sure every individual is treated equally irrespective of their spending and the reason for saying this is due to the fact that Govt supported the idea of Interest on housing loan for as a element of tax calculation purely for minting money from the middle class common man again.
Look at what happened to the middleclass community now. Most of the middle class is suffering the burden of such loans and struggling to repay those amounts due to the recession.
I hope that the business community will be made more responsible as to date I find that most shops and large business do not book their profits and account for less profits or losses and in the process make a lot of money whilst the MIDDLE CLASS EMPLOYEE COMMUNITY always suffers. Its time you do something to change this.....
