Please increase S.80C deduction to Rs.5 lakhs, or atleast Rs.3 lakhs from the existing Rs.1 lakh, so that people's savings may go up.
Similarly S.80D deduction for medical insurance premia may be increased to Rs.35,000 from the existing Rs.15,000, so that people may take a family insurance plan.
Please also increase the DCRG amount to an amount without ceiling, subject to the existing calculation.
Please also make Earned Leave collected in leave account, payable or encashable per year. This will ensure that the rampant taking of leave by Government Servants is drastically reduced.
Wealth Tax limit may please be increased to atleast Rs.50 lakhs from the existing Rs.30 lakhs.
Re: Income Tax for Salaried Class
by fightagaintevils on Feb 03, 2010 12:13 AM Permalink
No.They should not increase the savings limit.But they hav to remove the Income tax altogether.Who can save 3lak and 5lak??Is Govt ready to provide 20lak salary to its citizens?Then increase the slab.
