Link All Tax Slabs to Inflation in India
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The Honorable Finance Minister found a way to raise the salary of all MP's by linking it to inflation index. In a similar way will he do it for all tax slabs by linking the tax limits to the inflation index.
For example, now upto Rs 250000 the tax liability is zero. Will the honorable Finance Minister link it to the inflation index as he has done in the case of the MP's salary. All tax payers need not wait for the budget day what will happen to their income available for them to spend.
Rule is rule. Methodology should be common for you and each one of the Indian taxpayers. When it comes to MP's salary, you propose to link it to inflation index. Why not for each one of the Indian tax payers?
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