Changes in Income tax rates: Who benefits?

Your comment is live on timesofIndia.com: Budget proposals on income tax



Subject: Your comment is live on timesofIndia.com

The article @ TOI Blog has made some interesting observations.
M G Warrier

 THE TIMES OF INDIA
Dear Reader,
Your comment on the article ' Does the budget gave any relief to middle class on income tax? Answer is no,it's just eyewash.' is now live on timesofindia.indiatimes.com/readersblog.
i don\'t think the rebates and deductions were just concessions to the taxpayers. they were also incentives for savings in certain types of instruments which augmented government\'s finances and social security. the number and variety of such deductions from gross taxable income had reached a level that only professional tax practitioners could follow the changes in their composition every year. this year fm has given an option to taxpayers with lower levels of taxable income, may be up to rs8 lakh per annum not to bother about \"borrowing and saving\" to \"avoid\" tax.'
To reply to this comment , or see the whole conversation, click here.
Thanks for sharing your thoughts.
Regards,
 Team TOI

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