We are salaried class people. We pay our taxes honestly and take home our incomes or whatever is left of it. We run our households on this income, educate our kids and we do not want to do it in government and MCD schools by any means. We spend hefty amount of medical insurance but apart from that we need to pay doctor fees and other medications that do not warrant hospitalisation and are not covered by mediacl insurance. We buy food and other necessary groceries at exhorbitant prices, we save money for our future and for the future education of our children. we pay electricity bills and water bills. And on all these purchases we pay taxes sometimes VAT and sometimes service tax. The industrialists and commecial establishments are not bothered, you raise service tax, they raise our tax. We end up paying more taxes. Why cannot we get the same benefits that are being extended to such establishments, why cannot we deduct our expenses from our income. as the amount of 1.6 lac and 1 lac saving is just an eyewash and does not help us much. I'm no finance wiz but I do know I will spend more if I have more, putting more money in my hand will ensure more spending by me and that only will boost economy of the nation. We need a developing nation, a vibrant economy not one nation that sucks my blood by the way of taxes. I do not know if rediff will actually take this to you but if they do and you actually happen to read this, then do not forget that we are the foundation of nation
