Monday, July 13, 2009

Budget 2009

Dear Sir ,
 
Pls find below my comments on the Subject.
 
 
According to the budget proposals upper slab tax payers get 2.65 % of tax savings (taxable income of 20 lakhs holder ). Whereas the bottom level tax payer's (ie taxable income of 5 lakhs holders) eligibility is only 0.20% of benefits. Why this disparity when the Constitution of India granted equality ( ie equal treatment to all citizens of India ) all are equal before the law but not in budget proposals. Is it justifiable? Is there any exemptions for the bottom level taxpayers to deny this right? Hope law makers will look into this. Allowing this right to the lower level taxpayers , purchasing power will automatically increase in turn Indian economy will also improve .President of USA , has also agreed to implement equality in  income tax in the election manifesto .  
 
Thanking You.
P.Muniappan.
(Senior Citizen)
Y1/39, SAF Games Village,
Koyambedu,
Chennai. - 600 107.
 

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