The big myth on tax payers in India Data from a *Chartered Accountants group....*
Finance Minister said during his budget speech
that we are largely a tax non compliant society and presented.....that only 3.7 crores are filling ITRs in
this poor country with 125 crore population .
*The reply by CAs*
Sir,We have 82 crore voters
- 75% are agriculturists ,
61.5 crores ( *You exempted them directly but, they can also buy cars , bunglows etc as you quoted.. your political counterparts are also enjoying this )
Balance.....20.5 croresLess:
24% BPL class (Below poverty line)
15 crore population which is non agriculturist*
and non BPL..
Less:Senior Citizens,Non working wives, unemployed youths, below taxable income earners...political class..
(say 75%) .in a typical indian family only 1 earning member and 5-6 are dependent on him....
Balance (15-11.25)= *3.75 crores* is the earning class ...
which can file ITRs and ...they are already filling it....
So almost no gap as Finance Ministry is stressing unnecessarily without knowing our country.
if ArunJetly wants more people's to come into
tax net ...then...instead foolishly resorting to only rampant raids, surveys...notices...scrutiny ..... demonetisations
etc-etc terrorism ... he should defy his negative bureaucrats
and .......
1.Introduce simple Income Tax on Agricultural Income on large landlords. (Say 10 Acres plus) - you can add 26% of Agriculturists as tax payers *Politicians are also enjoying this*
2.Instead of introducing 5000/10000 penalties on
late filers of IT return ...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-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 filled 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....*
As on today, 3.3% of Indian population is filling ITRs as compared to 8% of China...adding large agriculturists to Income Tax may shoot the figure to more than 10% ...it may help you to cool your tax terrorism mindset and a tax compliant nation ...
*LET'S SPREAD THIS TO EDUCATE HONEST TAX PAYERS*
Finance Minister said during his budget speech
that we are largely a tax non compliant society and presented.....that only 3.7 crores are filling ITRs in
this poor country with 125 crore population .
*The reply by CAs*
Sir,We have 82 crore voters
- 75% are agriculturists ,
61.5 crores ( *You exempted them directly but, they can also buy cars , bunglows etc as you quoted.. your political counterparts are also enjoying this )
Balance.....20.5 croresLess:
24% BPL class (Below poverty line)
15 crore population which is non agriculturist*
and non BPL..
Less:Senior Citizens,Non working wives, unemployed youths, below taxable income earners...political class..
(say 75%) .in a typical indian family only 1 earning member and 5-6 are dependent on him....
Balance (15-11.25)= *3.75 crores* is the earning class ...
which can file ITRs and ...they are already filling it....
So almost no gap as Finance Ministry is stressing unnecessarily without knowing our country.
if ArunJetly wants more people's to come into
tax net ...then...instead foolishly resorting to only rampant raids, surveys...notices...scrutiny ..... demonetisations
etc-etc terrorism ... he should defy his negative bureaucrats
and .......
1.Introduce simple Income Tax on Agricultural Income on large landlords. (Say 10 Acres plus) - you can add 26% of Agriculturists as tax payers *Politicians are also enjoying this*
2.Instead of introducing 5000/10000 penalties on
late filers of IT return ...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-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 filled 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....*
As on today, 3.3% of Indian population is filling ITRs as compared to 8% of China...adding large agriculturists to Income Tax may shoot the figure to more than 10% ...it may help you to cool your tax terrorism mindset and a tax compliant nation ...
*LET'S SPREAD THIS TO EDUCATE HONEST TAX PAYERS*
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The problem mentioned by FM can be solved by abolishing Personal Income Tax. This Environment Friendly measure will result in saving a huge quantity of papers used for Form 16, Form 15 G&H, ITR Forms, Assessment Notices, Refund Advices etc. It will also save time for Companies and Banks as they need not do TDS and maintain records. Life will become good for all concerned. As it is Government has been collecting huge amount of money in the form of Sales Tax, Excise & Customs Duties, VAT, Service Tax, Corporate Tax, Luxury Tax and various kinds of Cess including Swatch Bharat Cess, Krishi Kalyan Cess, Education Cess, Higher Education Cess etc. Any short fall in revenue collection, if absolutely required for Development of Nation, can be made good by tinkering with these tax rates to make rich people pay more tax. The introduction of GST is a very good opportunity for Government to abolish personal income tax and fix GST rates to make good short fall if required. Government should also look at cost cutting methods to reduce expenditure on foreign trips by Netas and their entourage. Government should consider employing a Management Consultancy Firm to study the Employee Engagement in various departments and to asses number of employees required at each level depending on work load to reduce administrative costs.
Apr 23
HOW a good idea be if all departments are privatized. Then the corruption will not be there in government departments . Look how education and health are privatized and working better . Yes the government should have a some control and regulate them
Apr 22
Now-a-days, Govt. job is being delegated to non-government organisations to do their job, for reasons better known to them, like Toll-Roadways in many places under PPP (Public Private Partnership/Project) Scheme. Construction of sky-walks, manning lifts near sky-walks under Contract basis, Parking contracts, maintenance of Public parks etc. Even the Govt. Stamp papers r being sold through Banks & others at premium. This being the order of the day, I personally feel our IT Department can never and will never take the trouble of implementing all these suggestions which require clean administration & hard work. However, I appreciate the information furnished herein, justifiying the percentage of tax-payers & IT returns being filed in the country, which our FM probably was not well informed.
Apr 22
These politicians buy Agriculture Land in their family members name. If it is 100 acres, it will be in ten names. How IT can collect Taxes from such peoples.
Apr 21
Mostly now a days crime is only a white collar job. In earlier cinemas we used to see dark red striped t- shirts with big mustaches as criminals. Now do you see any body like that. All great villains are white collared
Apr 20
