Abolition of TDS ( Income Tax ) on Salaries from Salaried People
Abolition of TDS ( Income Tax ) on Salaries from Salaried People
TDS on Salaries should be abolished as Salaried people are the one who are most affected. There are so many other small business people who earn more but they do not pay taxes on their income.
Government should ensure how to tax such people as well, so that the income for the government increases which will reduce the burden of Salaried People.
Just like others , Salaried people are already paying taxes on every purchase in the form GST ( Indirect Tax ) .
Cutting down on income taxes will end up putting a lot of money in the hands of the people. These people will then spend this money on everything from electronics to real estate. As a result, the GDP of the nation too will increase by leaps and bounds.
And if the government needs to increase the indirect taxes marginally, they are most welcome too and then it is upto the people how much they want to spend on purchases ( how much indirect taxes they would like to pay ).
This request is not made only for the benefit of the Salaried , If the over Personal Income Tax can be abolished , its good for every else too.