The income tax should have further slabs: 1) Income above 12 lakh--32.5% 2) Above 30 lakh --35% 3) above 60 lakh --37.5% 4) above 1 Cr--40%. All these sawatch bharat or education cess etc should be removed more
I think this topic coordinator himself has lost focus hence no point wasting time on this topic. World is a unified entity now and ppl talkinh about using Sanskrit as national language :). It's a great language but we don't want to isolate yourself now from rest of the world. He is talking of 1 lac being per capita income not sure that is in villages or cities or slums. For a decent basic living of 2+2 with kids in decent private school bare minimum yearly income is 5-6lacs now for cities like Hyd, blor, Mumbai. We need to factor these when thinking of taxing lower income levels sir more
But Mr. Raghuveer, we do pay lot of perks to a section of society. And they are very efficient people and looked well, even after death. That's explain the shortage of land in Delhi. more
the topic is income tax- but everything else is being discussed here! However I cannot resist commenting on mr sahore's remarks. Sanskrit is a great and lovely language but we Indians have this habit of using verbs like "should" and "must". we have to accept that there could be others with a different viewpoint and you cannot impose things. I am a student of Sanskrit too but India is a diverse country with more than 400 languages and dialects. to say that they are all useless is an absolute oversimplification. you have great poets and literature in all regional languages. regional language is something many grow up with. I absolutely agree with mr Goyal that we Indians lack finesse and politeness. I feel children need to be taught early on about cleanliness, polite behaviour, respect for law, and discipline. these are sorely lacking compared to other countries. it is the responsibity of parents too to inculcate this things at an early age. more
Balasubramanyam ji, you are right when you say that such things should be inculcated from the very childhood. It is of utmost importance that children learn a sense of discipline in the childhood which is not only the responsibility of the school but of the parents also. Personal etiquettes, traffic rules, road sense & Lakhnavi Tehzeeb of "Pehle Aap" etc needs to be ingrained in the impressionable mind from the very beginning. It is is possible only if the parents would feel that it is really needed.Firstly today's parents need to be convinced that it is the need of the hour. more
We have per caita income of less than a lakh per annum and we talk about bettering the life of those having income of may be 2.5 + 1.5=4.0. We pay 45000/- pm as pension to a retired Major. We pay 15000/-, as I guess, as pension to a retired soldier. Why retire in that case? Let them go on working till they themselves go away. more
I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...
I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...
For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...
God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...
Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...
Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...
I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...
Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...
Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...
By SUBHASH PARAKH
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