Fiscal and social balance can go together | Business Line

Fiscal and social balance can go together | Business Line

My VIEW:

We have been following a system of targeting salaried class for
collecting income tax from individuals. Some structural changes, like making
salaries ‘tax free’ by transferring the responsibility to pay tax to the
employer and making up for the outgo by adjusting remuneration package could be
thought of. The ‘deductions’ for savings have lost their original relevance as
any right-thinking wage-earner has to save adequately for his/her post-job
life. This is so because there is no reliable pension system after introduction
of NPS.
M G Warrier

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