Make Indians Honest Citizen's

Until and unless Income Tax Laws are not relastically changed , we can not find a permanent solution. Leaders of the past were unaware of the ground reality and the disconnect resulted in current turmoil . Tax laws are favoring rich and are against common man and middle income honest citizens . Remove all tax exemptions which only favor the super rich and looking at the cost of living minimum 5 lacs should be exempted . 5 to 15lacs should be taxed at 5 % , upto 25 lacs 10 % , upto 50 lacs 15% and above that limit 20 % . With these tax slabs their would be voluntarily compliance by people and black money will become history. Make India Honest with prudent Tax Policy. more  

View all 41 comments Below 41 comments
Common man gets the feeling that The IT. Act is drafted only for the affluent class(read big corporates) the Mind set of the ministry need a drastic change. The super rich as Finance minister cannot understand the ground realities and sufferings of the middle and upper middle class. The authoritarian attitude has to change. more  
The coments by Feroze look sensible and all right thinking citizens must support the efforts and not be cynical more  
Cash transaction limit of 500 is not practical. Think of Rural population
also. Current limit of 20,000 is ok. more  
The law is ruthless when it comes to middle class and salaried people. If one is a business man he has lot of options of underestimating the income and pay less tax. The whole system need to be streamlined. more  
I totally agree with Prakash Madnani! more  
Post a Comment

Related Posts


      LIC being a very big insurance company, why not they look into the possibility of making the changes in the existing policies, like change in address, name change, bank details etc. ONLINE. When on...

      By Hari Shenoy
    • Bank's refusal to honor agreed FD interest.

      Dear members, I am Sekar and new to In 2014 I booked some 5 years fixed deposits with a private bank, due to their higher interest rate promised to me. During matu...

      By Sekar Rg
    • DEAF Account

      It often happens that people don’t share even the basic financial details with their family members. In case of any untoward incident, the family members are left in the lurch as they are una...

      By Aditi Jain
    • Tax on dividend

      I fully agree with the circle member's claim to approach the FM/PM, requesting to remove the senior citizens from taxing 10% on the dividend received on the Mutual Funds. In fact the present level ...

      By Subramanian Sekaripuram Ananthakrishnan
    • Benefit of new tax regime for 13L+ salary earners

      Most of the salaried individuals with gross income of ₹13 lakh or more and non-salaried persons with income of ₹9.5 lakh or more will get to make tax savings if they sign up for the new lower incom...

      By Satvik Singh
    • NRI income in zero tax domiciles taxable in India

      NRIs living in zero tax domiciles like UAE (Dubai Sharjah & also Bahamas etc) will have to pay tax in India. And now all those who (partly) moved to Dubai recently to evade taxes are stuck.

      By Aditi Jain
    • Farmers must be taxed

      The tax system is currently design to squeeze the middle class. This must change. We are India’s most abused tax payers.

      By Aditi Jain

      I am cautioning the circle members and the general public at large that the insurance policies issued by ICICI are to be taken with a pinch of salt. The agents of ICICI who sell their policies as w...

      By Subramanian Sekaripuram Ananthakrishnan
    • Why one should insist for Fixed Deposit Receipt

      As you all know now-a-days whenever we request any sort of statement / report etc. from non-banking financial companies (NBFCs) i.e. insurance, chit fund, merchant banking, stock broking service p...

      By G D Binani
    • Beware of brokers

      2000 crore fraud by karvy on its customers. Sebi has banned it now. How come we only do bans and the regulators are never facing penalties and punishments for letting shit happen.

      By Aditi Jain
    • Simplification of Tax Return Filing

      The income tax return filing has been made so complicated that no common man/person today is able to file her return on her own, without the help/assistance of tax professionals. Each time we have ...

      By Sujata
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)