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  

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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  
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