Dedications

The budget which is supposed to be looked at with anticipation and joy is now more or fear of the axe of the tax. Fear of how much more will a person income be taxed. Less that 5% of the population pays income tax. On the tax paid money they pay tax on purchases. On the tax paid for example a flat, they pay tax on sale of the flat. 

Then is fooling the masses of no income tax upto 12 lakhs income per year. It is only if you earn income of 12 lakhs and below that is tax free. It is not a standard deduction like 75000/- deducted from your income and the rest taxed. So if you earn 13 lakhs, you get a standard deduction of 75000/- and the rest is taxed on the slab levels of income tax. 

Even the current budget had no relief to the less than 5% income tax payers, besides a animal like growl from the Finance Minister, when questioned on it?

 https://www.instagram.com/reel/DUQbY6gCe6D/?igsh=bzF6dzk2ZGNoMzM0

A growl which was like a hungry animal who has not had her fill? How long will a nation be run on the backs of less than 5% of the population paying tax? Tax which is more than 40% of earnings contributed by income tax payers? This is besides tax earned on everything, including the poor man's staple food of dal? 

The focus is on how to keep taxing the tax payer, instead of exploring how to reduce it. Atleast not fool with optics that income upto 12 lakhs is tax free and not a standard deduction. The least the government or any government can work is TCS Tax Collection at source / BTT Banking Transaction Tax /Purchase Tax.

Abolishing Income Tax though possible but presume cannot be done, can not Filing Income Tax be abolished. A govt. who prides to the world with it's UPI platform of payment where even a 1 Rupee payment can be done digitally. Then why not a tax collection system that can be digitally done and the tax burden is spread more across the population and not on less than 5% of the population. 

So next budget we dont have a Finance Minister that growls on being questioned what is the relief for income tax payers. The least relief is abolishing the burden of filing Income Tax, which is an income axe. The worst is the income noose where TCS is deducted and you can claim it back or would be Tax Returned post filing your taxes. So if you are axed more than what is your taxable limit, you will be refunded. So file your tax to beg the excess that was axed as tax?