This blog is meant to update people so that they can take a pro-active decision and avoid unnecessary problems in their lives. Lack of awareness often lead to unnecessary problems in lives of common people. SUPPORTING CHANGE FOR THE BETTER - Manjri Bhosle ✍
Saturday, 26 August 2017
Monday, 14 August 2017
Friday, 11 August 2017
*LET'S SPREAD THIS TO EDUCATE & MOTIVATE HONEST TAX PAYERS*
We've been hearing a lot about tax evasion & introduction of stringent norms to punish evaders post demonetisation.
But somewhere down the line there are honest tax payers too who're
devoting their hard earned money in form of tax for the upliftment of country as a whole.
Moreover not everyone who belongs to selected sectors to get tax exemptions are actually poor. Here are some logical interpretations to motivate honest tax payers & bring in those to tax bracket who're earning enough but getting tax exemptions.
1. Introduce simple Income Tax on Agricultural Income on large landlords ( Say 10 Acres plus ) - Thus, 26% of Agriculturists can be added as tax payers.
*( Politicians are also enjoying this exemption )*
2.Come out with positive approach and introduce incentives to IT return filers
* ( learn from Pakistan, IT assessee gets discount in purchase of Car )
3. Introduce Privilege card to those paying taxes above certain limit. Privilege card to entitle assessee with benefits like Priority quota in railway tickets , Use of airport lounges, subsidised medical facilities, etc .
*Let tax payers feel proud*
4. *Introduce medical insurance / life insurance on basis of average ITR filled like coverage upto twice of Gross Income in ITR filed for mediclaim and ten times risk cover in case of life insurance*
5. *Introduce Pension after 65 yrs of age on the basis of tax paid by tax payer during his working life.*
Let honest taxpayers get certain direct benefits. Let's start believing in the phrase 'you reap what you sow'. Enough amount of taxes in various forms are taken away by honest taxpayers. So, it's actually possible to allocate money obtained via tax from citizens in welfare schemes of government plus allocating few from the same directly to tax payers in form of incentives.
As on today, 3.3% of Indian population is filing ITR(s) as compared to 8% of China . By adding wealthy agriculturists to Income Tax bracket, it may increase the figure to more than 10%. Cooling down of tax terrorism mindset and making of a tax compliant nation is possible via mutual understanding & not just via bureaucracy.
*LET'S SPREAD THIS TO EDUCATE & MOTIVATE HONEST TAX PAYERS*
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