they will be paid part salary under the table like it was pre-1991
Rs.2crore is a big salary.But if you cross Rs.4999999/- (i.e. Rs.5lakh) you will pay 10% surcharge. In that case your tax will increase by Rs.137800/- i.e. Rs.1/- increase in taxable income will increase your tax from Rs.1380000/- (Rs.13.8 lakh) Rs.15.158Lakh.
No point in grumbling about taxes or expecting accountability from the Indian government, noting is going to change , there are many developed countries opening their flood glares for us, just make a decision and migrate, atleast for the benifit of the next generation so that atleast they can get clean air, access to safe drinking water, good roads, social security and health care, not just that, disciplined and well manner traffic too. Let ache din dreamers stay back in india
big tickets cry louder they are crying as if have been asked to travel by pedaled Rixa
Everyone is talking about what is happening to those getting in excess of Rs. 2 crores. No one seems to be bothered the middle class who were awaiting a long overdue increase in the exemption limit.
High Income Group people too are Indian and they are paid not because of charity but because of the hard work. Hence, any injustice meted to them must be accounted for.Tax on such people are enhanced forget keeping it same despite highest in Tax bracket.
It will not be meaningless if salary is reduced from 200,00,001 to 199,99,999. Anyway life is always like that. Someone''s gain is others loss.
Try to Write something meaningful. This is marginal relief concept. It is in Income Tax Act since the beginning.
What happens to this Tax and what does this man/ women get for paying his Tax sincerely? Our politicians will distribute the loot to buy votes before election to keep India poor
Sanjoy Pandey (Kolkata)
Tax payer will pay tax for the development of the country and the poor. But their money should not go the the corrupt people. That''s very important. @narendramodi
It would be better to create more slabs with higher tax and drop concept of surcharge. That way your tax liability will not change significantly when you cross any slab. Do people really believe that highest tax rate is 30% !?
that is the feeling many taxpayers have. their hard-earned money is being spent by politicians and babus for their luxuries and to finance the NPAs if banks or yo infuse finds in AIR INDIA, BSNL OR MTNL, a never filling gutters. But this extortionist rates will only turn people to evade tax by foul means.
I am not in this group. But I wonder what they are getting in return? Any privilege n air/train tickets , shake hands with President/PM or any sort of specialised treatment? IT shall focus in tax evaders and banks shall concentrate on recovery so that whooping budget allocation to PSU banks could have been avoided.
Work hard so that our politicians and bureaucrats can have luxurious lifestyle.
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