I was thinking how stupid it is to loot huge money from employees in the name of TAX!, and just to make us feel better they give us this kinda stupid exemptions. Itz like grabbing your meal and giving you a smell of it.
How could anybody miss the basic funda. One should make paying tax should be affordable to everyone.
Then nobody tries to bunk it or find different ways to escape, I always compare Tax with Windows products. Windows never gives things for affordable prices, hence people pirate it.
It's not the generic calculation if one is earning 1 lakh they can grab 20 thousand out of it. Contemporary people have lot of commitments and responsibilities... And the heights is, government keeps increasing the prices of every damn thing... almost making life impossible. Neither it allows us to earn better nor they reduces the prices. I dono how it expects people to react for these....!!!!
Tax credit of Rs. 2,000 for income upto Rs. 5 lakh; Surcharge of 10 per cent for taxable incomes above Rs. 1 crore, No review of tax slabs; Commodity transaction tax for non-agri commodity trading; Tax Deducted at Source to be fixed at 1% on land deals over Rs 50 lakh; 30% excise duty hike on SUVs; 6% excise duty hike on mobiles above Rs. 2,000
How could anybody miss the basic funda. One should make paying tax should be affordable to everyone.
Then nobody tries to bunk it or find different ways to escape, I always compare Tax with Windows products. Windows never gives things for affordable prices, hence people pirate it.
It's not the generic calculation if one is earning 1 lakh they can grab 20 thousand out of it. Contemporary people have lot of commitments and responsibilities... And the heights is, government keeps increasing the prices of every damn thing... almost making life impossible. Neither it allows us to earn better nor they reduces the prices. I dono how it expects people to react for these....!!!!
Tax credit of Rs. 2,000 for income upto Rs. 5 lakh; Surcharge of 10 per cent for taxable incomes above Rs. 1 crore, No review of tax slabs; Commodity transaction tax for non-agri commodity trading; Tax Deducted at Source to be fixed at 1% on land deals over Rs 50 lakh; 30% excise duty hike on SUVs; 6% excise duty hike on mobiles above Rs. 2,000
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