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2.5 would be better 😃I expect 80c should get increased to 2l instead of 1.5l😜
what about 5l😁2.5 would be better 😃
So True. Normal middleclass is just there to pay all the taxes.No expectations.. nothing is coming.
They have already made it clear that they want all exemption to go hence new tax structure..(although very less takers of it).
understand that middle class bears a lot of brunt but the tax food chain is designed to incentivise the risk takers and wealth creators rather than contributors ...this is true across geographies and millenia and even true in communist setup( read direct taxation & Marx on tax ) ...so if one understands this and try to move up the food chain and escape from bottom of the tax food chain....So True. Normal middleclass is just there to pay all the taxes.
Ur suggestion is welcomed. But why the tax should be above 20L? It should be understood that the person who is earning more than 10L in agricultural activities, he shouldn't be eligible for any kind of subsidy and should be liable to pay IT. But it is not going to happen very soon as the law has to be passed by our parliament and all of our politicians are projected their selves as farmer due to tax free income and r converting their black into the white.I would like agricultural income above 20L to be taxable, and at the same time some relief should be provided to individual tax payers to cope up with inflation and expenses.
That way, the government gets due taxes without any tax voids being created.
I expect 80c should get increased to 2l instead of 1.5l😜
Not going to happen because govt wants everyone to opt for new tax regime. Sooner or later old tax regime will be discontinued.2.5 would be better 😃
Purely depending upon one’s incomeHow much transactions can do without IT NOTICE at Credit card and Saving Account ( individual's or cumulative Transactions)
is there true?
Sb Account- 1L above(sgl) or 10L/Yearly
CC Account- 1L above(sgl) or 6L/Yearly
20L is in order to avoid another farmer protest in Delhi 😛Ur suggestion is welcomed. But why the tax should be above 20L? It should be understood that the person who is earning more than 10L in agricultural activities, he shouldn't be eligible for any kind of subsidy and should be liable to pay IT. But it is not going to happen very soon as the law has to be passed by our parliament and all of our politicians are projected their selves as farmer due to tax free income and r converting their black into the white.
👍understand that middle class bears a lot of brunt but the tax food chain is designed to incentivise the risk takers and wealth creators rather than contributors ...this is true across geographies and millenia and even true in communist setup( read direct taxation & Marx on tax ) ...so if one understands this and try to move up the food chain and escape from bottom of the tax food chain....
But this is easier said than done and everyone cannot be on the upper end of food chain but atleast you can try ofcourse survival of fittest fits here aptly. ... atleast understand this to make changes to your view on tax would change a lot ...
Be optimistic...
vote bank. babu bhaiyaUr suggestion is welcomed. But why the tax should be above 20L? It should be understood that the person who is earning more than 10L in agricultural activities, he shouldn't be eligible for any kind of subsidy and should be liable to pay IT. But it is not going to happen very soon as the law has to be passed by our parliament and all of our politicians are projected their selves as farmer due to tax free income and r converting their black into the white.
U r partly correct bhaiya. But apart from vote bank, it's a fantastic super machine of converting black into white. Every single politician is benefitted with this practice.vote bank. babu bhaiya