1-Direct Tax Code:Maturity proceeds for PPF and LIC not to be taxed as proposed.As India is not having any social security system in place and hence the common man's entire savings are mostly in these two instruments so by taxing these two will not be in the interest of common middle class men.
2-No tax till Rs 300000/-.Tax for Rs 300000 t0 Rs 1500000/ to be made 10%.Tax for earnings above Rs 1500000/- to be made 15 %.
3-Strict compliance can bring in more revenue for Government.
