Jump to content

Taxes in India - Expand the tax base, reduce the taxes


Recommended Posts

(Indians will understand this)

Few points…

Very few people in India - 3% - pay taxes, and I am one of them.

I am charged at the highest slab of 30%.

This year, the Indian government plans to bring in more people in the tax net, at least 10% more of the population. That is good.

What they could do is to cut the taxes… 5% for those who make under 5 lakhs, 10% for those who make 5 to 10 lakhs, 15% for those who make over 10 lakhs. Those who make over 1 crore a year should be taxed at 25%.

Farmers are not taxed - I think rich farmers with income of over 10 lakhs a year should be taxed.

The linking of Aadhar to PAN will ensure that nobody escapes paying taxes, this is good.

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...