Taxing EPF of employees
The government in the current budget is trying to tax the Hard earned money of all the middle class and other salaried employees.
On one hand they are giving tax amnesty by allowing black money holders to pay some part of their black money and make the money white.on the other hand trying to tax the money which general people save for leading peaceful life after retiring is very bad and i think this is the worst decision that a government formed by mostly backing of the middle class can do.
Taxing 60% of the interest on the EPF from April 1st 2016 i dont think its good,Lets hope that the government comes back to their senses and rolls back this nasty tax.How much can any one pay.You are collecting income tax,sales tax,service tax and now some swach baharat cess.
Try to get tax from the people who are not paying taxes.try to broaden the tax base done squeeze the existing tax base if this happens again and again then you might have to sit in the opposition for the rest of your life.
This is not my frustration by the frustration of lakhs of Indians.Hope some respite comes in next budget.
The government in the current budget is trying to tax the Hard earned money of all the middle class and other salaried employees.
On one hand they are giving tax amnesty by allowing black money holders to pay some part of their black money and make the money white.on the other hand trying to tax the money which general people save for leading peaceful life after retiring is very bad and i think this is the worst decision that a government formed by mostly backing of the middle class can do.
Taxing 60% of the interest on the EPF from April 1st 2016 i dont think its good,Lets hope that the government comes back to their senses and rolls back this nasty tax.How much can any one pay.You are collecting income tax,sales tax,service tax and now some swach baharat cess.
Try to get tax from the people who are not paying taxes.try to broaden the tax base done squeeze the existing tax base if this happens again and again then you might have to sit in the opposition for the rest of your life.
This is not my frustration by the frustration of lakhs of Indians.Hope some respite comes in next budget.
No comments:
Post a Comment