Why has the Govt done this to us?
1) LTCG tax on equities.
2) Dividends taxed at slab (30% for many investors). Earlier DDT was 17.6%. This doubled tax.
3) Increased surcharge
4) No significant change in tax slabs in 7 yrs
5) EPF interest taxed (>2.5L deposit)
6) GST on everything more
It seems Govt has lost Financial Control. They are squeezing Poor and Middle Class. Non Pensioner Senior Citizens are the WORST Sufferer. Their income is reducing, whereas Inflation is increasing. Also Medical Expenses are sky rocketing. more
No one is there in Govt. to respond. Govt. is in a spree of generating revenue squeezing people at their best. Hardly anyone bothers to listen to such pain & sufferings. It's our mistake to give opportunity to stay in power in consecutive terms that placed us in deep trouble today. Our leader is enjoying and always in limelight for diverse reasons with no good impact but people are clapping also. So sufferings will continue till people are not hitting back. more
Because, people representatives both in Parliament & assemblies have to enjoy all benefits at our cost. To further our agony, interest on small savings slashed, concessions withdrawn at various levels for seniors. Agricultural income is exempted with no limits, which must account 70% of total income generated. Tax everyone with basic income exemption based on the cost of living prevailing in cities across. more
I think we are going the Russian way where no one can say a word to the government without being taken to jail! more
Are you in jail after questioning the govt here? more
Absolutely true...... more
Middle class will always be taxed because we are low hanging fruits easy to tax, they will not tax corporates because it is their milk cow, in fact corporates only were given income tax reduction right from the NDA's first budget, Lakhs of crores of their debts being written off is another big scam. hold your breath & endure it will not be long before they tax AIR we breath. Paltry interest which the bannks pay are taxed, EPF withdrawals are taxed, you name it. This Govt seems to be serious on finishing off middle class more