Government has such an ample of money from Tax payers be it corporate be it earning middle class.
High income people above 10 lakhs who fall under 30 percent brackets to low income people under 5 lakh & above 2 lakhs in 10 percent bracket all hard earned money go for Indian Taxation System called
Income Tax.
A employee earning 20 lakh say has to pay 10lakh%30= 3lakhs
5 lakh%20= 1 lakhs
2 Lakh rebate than 8 lakh%10=80k
amounting to total tax on 20 lakhs is around 4.8 lakhs considering you are not doing FD's etc for 80C etc
The Game doesn't stop here you recharge your mobile you need to pay service tax of around 12 percent .
Now even services at Salon ,A haircut at salon like Naturals also come under service tax.
If you dine you pay Vat & service tax.
A pizza at pizza hut comes under 22.5 percent around on taxes with Vat & service tax.
that means a bill of 2000 Rs will bring Rs 450 around on taxes.
You drive car ,You have to pay taxes on car you own,Road you use,petrol you use & what else
Even every proffesional has to pay a proffesional tax every month in their salary.
Are we getting the service from government after paying so much money as taxes to the Government?
Can Government can produce any mechanism that minimize the burden on tax payers.?
Hoping the next Government in central to bring a reform in this front!!
