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Income Tax & Service Tax Re-structuring
by AAMEC CHEMINEER on Feb 02, 2010 01:45 PM   Permalink | Hide replies

Current Income Tax structure has to re-structured as below.

Exemption limit for Individuals - 1.95 Lacs.

Exemption limit for Women - 2.25 Lacs

Exemption limit for Senior Citizens - 2.4 Lacs.

Service Tax has to re-structured in to two slabs covering mass services like telecom, banking at 8% and non-mass services at 10 %.


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  Re: Income Tax & Service Tax Re-structuring
by prasad khalatkar on Feb 02, 2010 01:50 PM   Permalink
Lets Arrange it again.

Exemption limit for Individuals - 3.00 Lacs

Exemption limit for Women - 3.25 Lacs


Exemption limit for Senior Citizens - 2.0 Lacs

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  Re: Re: Income Tax & Service Tax Re-structuring
by mehul vyas on Feb 02, 2010 01:59 PM   Permalink
Dear Prasad,
U r dreaming in a day. All these chor congresses will definately not do. Otherwise from where they will get money?
These congresses gifted us price rise, poverty, unemployment from last 6 decades and we are still vote for them. Shame on us !!!
If they really want to do something for us, then
- Raise the IT limit upto 2.5 lac for individual. 3.5 lac for Women, and 4 lac for Senior Citizen.
- All politician should be charged 30% Tax (because all of us know from where they are getting money).

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