This might happen ..
Govt has considered all the options and have come up with this.
Insider news is that , this will fetch Govt 30% extra tax than at the current tax.
consider this ...
1) Savings will not be considered from now onwards , means there is no 1 lakh limit as of now to show savings.
2) All the returns on savings what you do will be taxed.(rate not yet decided , would be anywhere between 20-30%). EET model.
3) Housing loan not considered
for the first loan
(how many of middle class will go for a second house?)
4) Many perks will be taxed in the hands of employee.
and there are so many things ...
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