2007-3-18 17:57
himaggie
Tax: Does the salaried class suffer most? Tell us
Will Finance Minister P Chidambaram tax the salaried cla more, or will he are it, this time? Popular perception is that the salaried sectio are the easiest to tax and each finance minister has proceeded to milk this cow dry. Studies show that there is low compliance among non-salaried sectio of the society when it comes to paying income tax, but the he salaried bear the brunt of this regre ive tax system. Thus, whenever the government needs to increase revenue it goes after the easiest target - the salaried cla . With rising prices and interest rates, the gap between the rich and the salaried cla too is widening. While the rich and busine cla es often escape the tax net, there is no re ite to the hard working salaried cla . What are your views on this i ue? Do you think the salaried cla suffers the most? What would you suggest to make life easier for the salaried people? Tell us!