Friday, January 23, 2015

Tax suggestion-1


We invited readers to put forward individual suggestions on taxation system. We got an email today which we are putting forward as a blog.

Respected Sri Arun Jaitley.

Sir ,I Ankur Barnwal ,a school teacher of a govt school ,want to
share an idea about our country’s taxation system.

It is very funny but true that most of the civilians in our country
wear Hamlet while driving Two-wheeler to avoid harassment from Police
,not to avoid risk of Accident. 
Similarly Most of the Middle-class people pay tax to either avoid unnecessary
harassment of Income tax department or to get the financial benefits from bank 
like Cash-credit loans, subsidy loan, car loan etc.

But they don’t want to give tax with fair mind as there no other benefits by giving 
tax and also not understand that government do the development works by the 
collected Tax amount .It is also true that beside the above benefits there is no
distinction between tax-payee people and non tax-payee people i.e.
both of them gets the same facilities provided by government.

Every year each and every Finance minister try to increase the revenue
collection of tax ,but not reach the desire target, and the result is
govt. unable to fulfill the needs of people. To make the Distinction
between tax-payee people and non tax-payee people ,I wants to share a
suggestions on this.

If possible ,then please tag health insurance benefits to tax-payee
middle class people with different tax slab .Such as;

a.      If a person pay tax above Rs. 1000 ,then he /she and his/her family
will get cashless benefit in health of Rs.50000 for the same financial
year of tax.

b.      If a person pay tax above Rs. 2000 ,then he /she and his/her family
will get cashless benefit in health of Rs.100000 for the same
financial year of tax.

c.      If a person pay tax above Rs. 3000 ,then he /she and his/her family
will get cashless benefit in health of Rs.150000 for the same
financial year of tax.

d.      If a person pay tax above Rs. 5000 ,then he /she and his/her family
will get cashless benefit in health of Rs.250000 for the same
financial year of tax.

e.      If a person pay tax above Rs. 7000 ,then he /she and his/her family
will get cashless benefit in health of Rs.350000 for the same
financial year of tax.

f.      If a person pay tax above Rs. 10000 ,then he /she and his/her
family will get cashless benefit in health of Rs.500000 for the same
financial year of tax.

g.      And so on for the people whose net annual salary not more than 7 or 8 lac .

By Introducing this scheme ,in one hand govt. can make distinction
between tax-payee people and non tax-payee people ,also it helps to
increase the tax collection every year. Also Government gets the option to
open the door of PPP model in health.

Regards,
Ankur Burnwal,
Dinhata


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