chandrashekharkamerkar
2 years 6 months ago
personal income tax rate is more than 35 percent while the companies are paying 15 percent income tax, the personal income tax should take into account the cost of living. over and above income tax there is 28/18 percent gst on financial transactions, life and medical insurance, several services . if you take into account direct and indirect taxes I guess we are paying 50 percent of taxes on our income. mostly companies and business owners are taking advantage of gst, common people are burdened with the taxes. corporate loan defaulters should be punished severely , they go scotfree after declaring bankruptcy and common people have to bear the burden of these written off loans. in many cases relatives of company oweners buy the bankrupt company at fraction of the loans.exemption limit on fd interest should be raised as retired people put there money in these. exemption limit for medical insurance should be raised as these are not keeping up with reality.
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