Allow people to pay tax based on individual income or family income. In other words, there should be 2 slabs for income tax payment. If there are just 2 members in a family and if both are earning, both may pay tax based on individual income which may be cheap to them . On other cases, if one member is earning and 5 family members are dependant on him, let him pay tax based on family income which can be cheaper to him. Based on number of dependants which can be verified based on number of persons staying together which can be verified by ration card. The tax rate may suitably be devised so that family tax can become cheaper than individual tax. Or depends. If 2 persons are earning with 5 family members. they may pay tax based on individual income or family income of both combined based on 5 members family. That may depend on slab code. In USA, there is concept of family based income tax also. Similar way can be adopted in India also. This will help big families where income earner is single. This may also help in maintaining joint family values. more
As per prevailing Income Tax Rules, every family member having individual sources of income is liable to pay income tax depending upon their individual income slabs and submit the return separately. Every adult member is treated as separate entity even though they are in a joint family. more
Since we are over populated Govt does not want to encourage this.During 60s there were concessions available to person for up to 2 kids in IT.i.e.1) if you are bachelor 2) if you are married 3) if you have one kid and 4) if you have 2 kids.Concessions were available depending on above. more
I was retired voluntarily on prerevised salary from PSU after it's closure by Govt. without any pension and medical facilities . I request FM/PM to consider Tax relief to sons/daughters who support parents like me.Local Circles may also take up this matter with Government. more
This is really a true picture of current scenario. Despite increase in premium amount continuously in ;ast 2-3 years after covid, service standards have drastically gone from bad to worst by these ...
I must complement localcircles management and members for being the most effective media in the country to quantify public plight on various issues and bringing it out. The attached sto...
See attached friends. Average summer have gone up in India by 5-8 degrees in last 5 years. Like this we will have 50 degrees in Delhi soon. This is climate change for us.
The most important parameter for judging any government is the inflation vs. increased incomes. A study was conducted in Maharashtra on the cost of making two thalis in 2019 and 2024. The data used...
AstraZeneca, for the first time, admitted in its court documents that its Covid vaccine can cause rare side effects, paving way for a multi-million pound legal payout, The Telegraph reported on Sun...
Musk canceled his visit to India "because of a busy schedule." He arrived in China today but could not find time to fly five hours southwest. Despite having 1/6th of the world's population, India i...
LocalCircles has been doing phenomenal work in the area of aviation reforms. In fact its the only hones public voice out there. Even many newspapers dont cover public issues with airlines.
The LocalCircles survey on food safety was nicely carried here in Kolkata by Telegraph and it makes it clear. FSSAI and state food departments are failing the people.
Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can ma...
Super excellent work LC and great to see this clip I received in one of the groups of LocalCircles work getting recognised on the issue on NDTV. Children under 12 now have to be seated with parents...
The RBI has directed Kotak Mahindra Bank to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credi...
By Vijaya Nair
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