In the Budget date 28.2.11, the FM annoounced a new category of Individuals above the age of 80. They will be given Tax Exemptions upto Rs.5 Lakhs. My Question is.... Should the people above the age of 80 should be Taxed at all..?
 


Comments

sanjay
01/07/2011 12:24am

No the government does not allow most people to live to that age because of such heavy & double taxation scheme.e.g. Income tax, sales tax, service tax,house tax water tax etcetra.So at least 10% of people who luckily survive to that point should be completely exempted.

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Jasraj
01/07/2011 11:27am

Sanjay is right... people that old getting taxed itself is a crime by the Govt...
If there is a limit for retirement so should b a limit for paying taxes...
unnecessary burden on the old people...

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R.Surana
26/08/2013 3:19pm

If govt. brings back the black money then the govt. need not to charge anybody for the taxes.

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RAJEEV SACHDEVA
19/01/2012 5:22pm

WHAT WILL HAPPEN IF A PERSON IS BORN ON 01-04-1932 .
WHETHER SUCH A PERSON SHALL BE CONSIDERED AS A SUPER CITIZEN

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Priyanka
19/03/2012 10:50am

Paying tax is only 4 looting citizen's money by political parties
And these govt ppl pull money frm senior citizens also!!!!!!!

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Abhishek
23/04/2012 1:30pm

the govt should just say pay 10% of your earning no slabs no service tax no vat no cst flat 10% or may be 15% but flat all will fall into a flat bracket, there will be a smaller window for mistakes and avoiding taxes.

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Rohan
23/04/2012 1:32pm

true no rebate on insurance, or property purchased, or installments flat X% i agree

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Seema Munjal
23/04/2012 1:32pm

Agree with Abhishek and Rohan

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Ashima
23/04/2012 1:33pm

It makes a lot of sense

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Abhishek
23/04/2012 1:34pm

i ment for all but there should be no tax for Sr. citizens after retirement

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06/10/2012 5:12am

Great blog, I just created an account here too.

Reply
27/08/2013 5:59pm

Let us be rational and think in the interest of the country. Govt. expenses for providing you secured, peaceful, healthy life require money, you only have to pay if your income exceeds Rs. 5 lacs, that too after allowing all exemptions like Dividend, 80 C investment,insurence premia you pay etc.Imagin how Govt. can run Defence activities so technologically advanced and extremely costly all to be imported. And what about OIL, your every day need.

I think, pay what is legally required to pay. Also inculcate national obligatory spirit in your children

H.B.Vani

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    My name is Kaushik Joshi. I come from a town called Kolhapur in India. I am a CA Final Student dreaming Big...




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