Dipankar Goswami
10 साल 4 महीने पहले
Some experts say that any cut in personal income tax will impact fiscal health. They don’t understand our society. For example, if Govt. cuts personal income tax by 1 lakh Crores, then people will put at least 30K crores in savings which will help banks. If people spend rest of the 70k Crores, then Govt., will earn around 20% on sales & other taxes. Since this will also boost consumption, industry earning will improve and Govt's corporate tax revenue will also improve & it will create jobs also.
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