Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Income Tax
by Narayanan Ravi on Feb 15, 2010 09:44 AM   Permalink

The income Tax should be made simple and all the earning members are to be taxed and there should not be any deductions on any account.

The Income Tax at 1% to be charged for the gross incomes (no deduction on any account) between Rs.1/- to Rs.3 lacs.

And at 3% from Rs.3 lacs to 5 Lacs
at 5% from Rs.5. lacs to 7 lacs
at 7.50% fron Rs.7 lacs to Rs.10 lacs
and finaly at 10% for any gross income above Rs.10 lacs.

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