| Income Tax slab be revised jitendra garg The following are the message towards Income Tax for individuals: 1. Rate of Income Tax is to be considered. For income upto 2,50,000.00 No TAX 2,50,000.00 to 7,50,000.00 10% 7,50,001.00 to 15,00,000.00 20% 15,00,001.00 and above 30% 2. Limit ot be enhanced from 1,60,000.00 to 2,50,000.00. 3. 80C deduction to be enhanced from 1,00,000.00 to 2,00,000.00. 4. Home loan interest to be raised from 1,50,000.00 to 2,00,000.00. Tax 2010 by abboral boral 1. Extend micro finance to rural India with PPP model 3% interest --min loan 2000 max 10000 with 2 years term 2. Introduce GST with 12% indirect tax for all commodities -remove cst,local tax , octroi, state level entertainment tax 3. 60% collection to stay in state and 40% for central-a software will automatically shift fund of 40% to central --all banks should introduce such system 4. No tax upto 5 laks earning and beyond 5 a simple 15% tax with tax releif for 2 lakh on deposited to PF,Pension fund,Insurance only 5.Housing loan upto 30lakhs --15% tax releif 6.Agriculture --upto 10 acre land earning --no tax and beyond 5%
There should not be any Tax on Fixed Deposits in the Banks .Money is losing its value each year as inflation is a realty.Rs. 100 now would become worth Rs. 90 year next year and so on and in coming 4 to 5 years , it may become equal to Rs. 50. People keep their money in Fixed deposits with a hope that the value of the money would be maintained by earning some interest. So, why tax the interest which would help in maintaining the value of the money. In reality, there is no earnings
Tax exemption on Mediclaim / Medical insurance by deepak barman The present limit is Rs. 15000 although actual expense is much higher especially in case of combined family's health insurance. This type of insurance is taken by those who have no reimbursement facility for medical treatment from their employers. Hence the amount of premium on medical insurance is dependent on one's need to protect family's medical necessities and no luxury at all. In fact, I, being a retired, spend around Rs. 20000 per year for Mediclaim worth Rs. 3 lac's each for myself and my wife. Therefore, the actual spending ( instead of limitation )on this score may please be exempted under Section 80D Finance for country by Pankaj S 1) while levying tax it should be kept in mind what's the per capita income of country, current per capita income of India is Rs 38,084 (Per capita income is usually reported in units of currency per year). 2) People who are in favour of tax exemption should keep in mind that if they are earning more, that doesn't mean they shouldn't be taxed as its same thing as accumulating essential commodities of country, the point should be to divert the tax money in the right direction. Govt. should see that money should be spread equally in the country. If they are taking tax on income it should be diverted in the right direction. 3) Today every second person is having more than 1 house and more than 1 car. People who own excessive properties and cars should be levied more tax and tax money should be diverted towards providing the same to people who don't have that. 4) Finance should be diverted towards equally providing basic necessities and requirements of citizens of India and it should be made sure to provided to each citizen of country. 5) More tax should be levied to people who have more than 1 children. 6) Govt. should encourage private sector to setup industries in the areas like Bihar, UP, Orissa and adjoining areas of metro cities etc. If more education opportunities, more employment opportunities and more business is in other areas than metro cities then 50% of problems of countries can be solved. 7) Govt. should be careful for Old people who don't have shelter and inc Tax Deductions For Education by Sachin Salgarkar The cost of education has been rising steadily. The annual tuition fees for Primary and Secondary is almost Rs. 25K these days ( non aided schools). There should be some deductions allowed for these expenses. Also should consider something similar to the 529 Plans in the US. some important points for development by sobana sridharan 1. Home loan interest should be reduced to 6% instead of 8% or more charged by banks which will definitely improve house building activities throughout India and thereby more employment will be created and so purchasing capacity of the people.Also land ceiling act should be introduced to curb acculation of land and house. 2.Allotment of funds should be more for agriculture sothat foods production will be increased and thereby price of commodity will be controlled. 3. Government will take the responsibility of constructing house building for cheap rates for poor people and should deduct money from the salary with min interest 4. Govt should implement small family norms throughoput India by giving incentives by way of free education |
Wednesday, February 10, 2010
BUDGET 2010 WISHLIST PART 2
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment