Rationlization of Tax on Middle class Salaried employees of India
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Dear Honourable Prime minister of India & Finance minister,
I am writing this petition to bring to your notice on how middle class especially salaried people are vindicated by tax system in India. To start with as you aware major direct tax are earned through salaried people like us & honest taxpayers, where tax had been deducted at source.
We are fine with the current tax structure of max to 30% on money we earn but we also expect that medical facilities & good government aided education schools to be established for us. Whilst we appreciate government is taking measures to bridge this gap, hope you also agree that it takes ample of time to get this done. Till then why can't government gives a break to us in tax for the money we earn. Let me explain the facts why we need this?
Every year private schools raise the fee structure by 8% to 10% even there is a note from HRD that there should not be any increase for 3 years from prior raise. This rule is flaunted by almost all private schools, why there is no strict action from HRD? I had approached school management, HRD no solution on this. Being most of the people are employed in private sector & with given market situation average hike is not more than 3% to 8% & sometimes Nil. With this scenario what’s the option left to us? Apart from this yearly increase of avg. of 5% on house rents, medical expense etc., We don’t have a 6th pay commission to implement a raise!
Adding to this due to The statistic shows the inflation rate in India from 2012 to 2017, with projections up until 2022. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2017, the inflation rate in India was around 3.8 percent compared to the previous year.
We welcome GST implementation but at the ground level the prices are not coming down as we envisioned & in reverse side tax % had been increased from 12% to 18% we pay on telecom bills, car or bike service, tickets etc., with this monthly spend had been increased
With this facts, I am requesting you to bring an amendment to the tax clause for Salaried Middle-Class people here by I am requesting a tax break to us or at least rationalize the tax – flip side this would not be a revenue leakage to the government rather it will spur the economic growth & Indirect tax collection will increase drastically being a middle-class salaried people always envision with more aspirations to buy a small house, Savings, car & take care of their parents medical expense.
Why can't the government take an out of box decision to help millions of salaried middle-class citizens in India! we will be grateful to you & government.
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