Mr. Faisal S R , Calicut

"The govt must raise basic exemption limit to Rs 3 Lakhs for salaried individuals from proposed Rs 160000. Then make it 10% between 3 Lakhs and 5 lakhs, 20% between 5 Lakhs & 10 Lakhs. Charge 30% for more than 10 lakhs – income tax on the annual income. From the coming slab from the govt poor man wiil be the looser and higher income group will escape from paying income tax to the govt, that is not fare and it will affect adversely the indian economy and increase the gap between haves have nots.." When the US and UK are imposing more tax on higher income group individuals, here in india, our 'respected leaders' helping higher income groups to lead our nation further to poverty as the income to the govt from higher income group may reduce due to this proposed slab.

Mr. Faisal S R
Calicut
Mob.09387527045
Working as an Accounts Manager in a pvt firm
(M.Com + CA Articleship)