Why don’t the Government make liberal Income Tax laws for the salaried class in India?



The salaried class in India usually have limited source of income, yet this class have got to burn mid-night oil and be always on the lookout for new investment opportunities through which they may save for the rainy days as well as get some rebate in Income Tax under various Sections of Income Tax laws unlike big industrialists, businessmen, film stars and some sportsmen, a good number of whom often cheat Government in paying Income Tax or become defaulters, as reported in the newspapers from time to time.

Why don’t the Government make liberal Income Tax laws for the salaried class in India?
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One Reply to “Why don’t the Government make liberal Income Tax laws for the salaried class in India?”

  1. Just wait for one year. The new liberalised “Direct Tax Code 2009” is about to the presented in this budget session of the parliament and is expected to be operative from 01-04-2011. This allows tax free income up to 3 lakhs if passed by the parliament.

    Moreover, many cumbersome procedure and sections are omitted and language is also lucid to understand by the common man/tax payer.

    The only expectation from the salaried class is reintroduction of Sec. 16(1) i.e. standard deduction. Let us hope and wait for this year’s budget.





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