Wednesday, February 18, 2015

Zero Tax Exception Beyond Super Power Nations

Everyone should pay Tax who earns money in India.No one should be Excluded.
There should be no Tax Exception or Zero Tax.

But there should be a system like this below according to this current situation in India financial year 2015-2016.

(Rupees or consider to be Annual income )

Tax limit upto 100000 rs  1%  Tax
Tax limit upto 200000 rs  2 % Tax
Tax limit upto 300000 rs  3%  Tax
Tax limit upto 400000 rs  4%  Tax
Tax limit upto 500000 rs  5%  Tax
above 500000 to 1000000 20% Tax
above 1000000 to 5000000 30% Tax
above 5000000 to 10000000 33% Tax
above 10000000 to any 35% Tax

This simple step and it is essential for India to make over nation super power.

Institutional and Organization Tax Exception should be cut off.
They should pay Tax,No Exception for anything.

When these thing happens
Every child would get free education upto graduation
Good Drinking water
Sanitation facility to all people
Equality among people.
Good governance

There  may be few disadvantages while promoting or imposing this system.
But after a year everything will change to normal.

Try This or Leave it.

By
Krishna Kumar G