'It's shocking news for an employee'
Previous messages
Fri Nov 29 18:03:46 2002
Name:J.H.CHHURIWALA
Email: chhuriwala@rediffmail.com
Your Views: Dear sir, It is better to have a simple tax calculation.Keep only standard deduction and rebate on savings but limit
of savings to be increased to 1.o Lakh.Other exemption to be lifted.
Fri Nov 29 18:04:26 2002
Name:P M Ravindran
Email: pmravindran@rediffmail.com
Your Views: The decision to do away with all deductions is good to make the procedure simple. But when you have a 12 salb
pay scale in the central govt itself it will not be fau\ir to have 2 slabs for IT. Suggested: Upto 1,20,000- no tax 1,20,000 to
3,00,000-10% 3,00,000 to 6,00,000-20% and above 6,00,000-30%
Fri Nov 29 18:05:26 2002
Name:Anand Taggarsi
Email: anandtaggarsi@rediffmail.com
Your Views: The proposals are very unfair to the middle class as they are the ones who end up paying the exact tax due to the
govt. Mr. Kelkars proposal to tax the agricultural sector are a bit farfetched as the politicians themselves shall be the first ones
to object to the same as they constitute the major vote bank.Businessmen earn a lot more than what they actually show and
they have all the deductions available such as depreciation after debiting their total household expenses to their P & L. Middle
class people on the whole consists of salaried individuals who pay professional tax on a monthly basis to teh govt. and at the
same time shell out the maximum tax receipts of the govt inspite of not having any of the deductions available to the
businessmen. even the petty perks that are given to then are taxed by the govt. Mr. Kelkar should tke the initiative of
recommending tax slab lower than the ones proposed in case he advocates removal of the standard deductions and savings
exemptions. The slabls could be 10% upto 4.00lacs and 15% above 4.00 lacs.
Fri Nov 29 18:05:53 2002
Name:s.a.srinivasa sarma
Email: sas_sarma@yahoo.com
Your Views: Mr.Kelkar wants salaried and middle class people to pay tax regularly to enable banks and governments to
provide loan to our industrialists, who want interest rate to be reduced and payment option - to pay back or not to pay back
loan-left to themselves. It is sin to save by middle and salaried class for their future
Fri Nov 29 18:20:12 2002
Name:chandra Shaker
Email: shakerchandra@rediffmail.com
Your Views: The proposal are very unfail for middle class group. The proposals are totally absord. There is no clear cut policy
on the INCOM TAX till today. As an employee of a limited company i have to pay the tax but what about the business people
who don't pay single n.p. since they don't show their income. Kelkar's proposal also silent on this. It is better if reduce the tax
percentage to less than 10% upto 3 Lakh income to encourage honest tax pyers. Govt. India has to give a serious look on his
proposals and also should clear how they are going to utilize these funds generated by this tax system. a unbais debate is
required on his proposals. We are completely against to his proposals.
Fri Nov 29 18:20:18 2002
Name:nitu rajkhowa
Email: nitu@rediffmail.com
Your Views: kelkar might have been a previlaged man who has earned a lotwithout much accountability. he might have been in
a very sound comfortable position with lots of bank balance . in the prsent day india there is nobody to think for middle class.
government should have devise a process to mobilise the resources through honest spending and accountability. they should not
make the middle class an experimental animal for every financial experiment. india is made up of poor and middle class. if they
rise up there will be a great revolution. so be aware before implementing a death trap for middle and poor class of people. jai
hind
Fri Nov 29 18:20:54 2002
Name:chandra Shaker
Email: shakerchandra@rediffmail.com
Your Views: The proposal are very unfail for middle class group. The proposals are totally absord. There is no clear cut policy
on the INCOM TAX till today. As an employee of a limited company i have to pay the tax but what about the business people
who don't pay single n.p. since they don't show their income. Kelkar's proposal also silent on this. It is better if reduce the tax
percentage to less than 10% upto 3 Lakh income to encourage honest tax pyers. Govt. India has to give a serious look on his
proposals and also should clear how they are going to utilize these funds generated by this tax system. a unbais debate is
required on his proposals. We are completely against to his proposals.
Fri Nov 29 18:20:57 2002
Name:Ali
Email: ali_m_anwer@yahoo.com
Your Views: All the proposals except lifting of exhenmption on interest paid towrds house loans are good.
Fri Nov 29 18:24:49 2002
Name:Gopalakrishnana
Email: gopalkrishnan@motilaloswal.com
Your Views: Unfair. No taxable amount upto Rs.2,00,000. Above 2 lac to 5 lac 20% tax. Above 5 lac 30% tax. If they make
upto 2 lac is no tax, will accept no standard deductions and all exemptions should be lifted.
Fri Nov 29 18:25:20 2002
Name:sanjay sharma
Email: bhubaneswarbazaar@yahoo.com
Your Views: as per my opinion this is un fair,tax slabe should be in such a way so thatit should attract person to pay tax wihout
any burden.
Fri Nov 29 18:27:24 2002
Name:Pratik Punjabi
Email: vicks_soni@rediffmail.com
Your Views: I simply fail to understand why all of these so called experts attack the salaried class. Since the time of taxation, it
is only this class which has been paying taxes on full income. I am sure most of the business houses in the country do all the
tricks to avoid the tax. This is certainly not possible in the case of the salaried class. In other words I would not be wrong to
say that the salaried class has been "feeding" the revenues by paying tax genuinely and on time (TDS). After 50 yrs of feeding
or more, what we see is that all experts attacking us. I fail to understand why? Also, Rs 5 Lacs is surely not a high salary to
withdraw the exemptions. In my opinion this limit should be raised to atleast 12 - 15 lacs. The logic behind std. deduction is to
provide some sort of deduction to any employee who has some certain cost of employment. There is no logic as why this be
withdrawn for high salary earners. I strongly condemn the taxing of the poor salaried class who have been the most sincere and
faithful citizens of the country! Regards, Pratik
Fri Nov 29 18:29:28 2002
Name:ramnivas
Email: ramnivas2000@rediffmail.com
Your Views: Dr.Vijay Kelkar committee recomendations are need of the hour.It has considered the Indian public interest in
totality rather than service class.Moreover it is free from so many ifs and buts which will go in a long way for it"s effective
implementation and cause.
Fri Nov 29 18:30:39 2002
Name:darji
Email: darji_singh@yahoo.com
Your Views: it is totally against the indian social status where there is fear of old age insecurity, health uncertainity and necessity
to keep savings. the proposals are totally for discouraging savings.
Fri Nov 29 18:30:59 2002
Name:Jagan Kum
Email: jagan_k@yahoo.com
Your Views: The proposal will be very very unfair to the salary classed people. The salary class people earning are very
transparrent. Where as Bussiness class earning are not as transparrent. I strongly oppose this.
Fri Nov 29 18:35:25 2002
Name:Faustin S. Vasanthan
Email: vasaanth@hotmail.com
Your Views: Whenever the Government talks of taxing. It is about taxing the Middle Class people only. Only 2% of the entire
population is paying tax. The government should think of widening the tax base instead of burdening the Middle class. Who
ever is having food for three or more times a day should be asked to file tax returns. The government is always having an eye
on the Middle class earnings. They forget about the business class. Nobody pays tax while buying Gold Jewellery and other
house hold items such as TV, Refrigirator etc., If we pay in cash then no tax at all. The government should really do something
about these kind of Business people if they really want to do something instead of deducting tax at source for the middle class
people. Middle class people pay a lot in tax. Atleast the government should introduce some kind of Social Security Scheme as
in other countries. During old age the government should repay atleast some part of the tax paid by Middle class people.
Fri Nov 29 19:58:50 2002
Name:D Loganathan
Email: logan_d@rediffmail.com
Your Views: Tax is income for the Government, which is needed to run a State. The State should have strategy to raise taxes.
The advisors should "advise" the Govt and not "make" proposals. The logical way is to define tax income of the Govt as a % of
GDP. Hence any "proposal" should start from GDP. There are different sectors, which contribute to the GDP - agriculture,
infrastructure, service, trade,entertainment, mfg, auto, export etc. First thing the govt should do is to analyse how much tax is
coming out of each sector. This should include how much tax the workers from each sector contribute to direct taxes.
Depending on this, the Government or the "Kelkars" should come out with a framework of how much tax they need to
generate from each sector, taking into account the social considerations like employment generation, potential new investments,
indirect taxes generated etc. A good example is Petrol ( per litre in Delhi Rs 30, Bangalore Rs 35 ). Take into account excise
and sales tax. It is a known fact that trade ( and traders ) is not fully taxed. The sales tax in reality is purchase tax. Not even
10% of trade are taxed. Please break your head, not the tax-payer's.
Fri Nov 29 20:00:04 2002
Name:Bharat Momaya
Email: bharatmomayawb@indiatimes.com
Your Views: I feel that Kelkar Committee is in the right direction but government should stagger the implementation of changes
over three to five years. Secondly, there is a great scope to reduce borrowing costs of the government to almost 2% to 3% p.a.
from present day 8 to 10% p.a. Bharat Momaya
Fri Nov 29 20:01:55 2002
Name:Ladesh Kumar Sharma
Email: ladesh_sharma@hotmail.com
Your Views: The current govenment want to increase the direct tax revenue from the present tax payers but doing nothing to
increase revenue & the number of tax payers.The Direct Tax Proposals given by Kelkar may yeild more revenue in short run as
they will be able to fetch more milk from the already milking cows i.e. the current tax payer.But in long run it will not increase
the number of tax payers. Kelkar proposed direct 20% tax from 1 lakh,I want to ask Mr kelkar that does he know the Gross
income of a poor Paan vendor or a truck driver and are they paying tax(But in rules they fall into tax payer category).And does
kelker knows the number of small businessmen earning above 10 lakhs per annum and paying tax.I want to say that govenment
should try to widen the tax range,means they should try to increase number of tax payers not the tax.Who will be happy for
giving 20 to 30% of his income as a tax.This type of taxation remembers days of British Raaj.On the one hand govn. is trying to
private all basic services and on other hand they want tax,Why and for what?.Income tax sholud have more tax slabs starting
from 5% & max upto 15%.Tax payers should be given rebates,priorities to motivate tax.
Fri Nov 29 20:03:25 2002
Name:Shailendra Kumar
Email: skg_60@rediffmail.com
Your Views: This is totly bakbas done by Mr.Kelker.As it is Mr. Y Sinha has done lot of dammage to the middle class of
India. They should bring more people in tax net rather than targetting MC all the time.
Fri Nov 29 20:05:10 2002
Name:Dr.A.R.Raju
Email: arraju40@hotmail.com
Your Views: It is most unfair to remove the standard deduction to the employees. Also the small savings wil help them to have
some revenue at emergency cases. No point in paying money to LIC or such organizations which helps only his famly after his
death. It is stupidity to chnage the present system and introduce this new system. I am totally against this policy.
Fri Nov 29 20:08:36 2002
Name:krish
Email: krishkp_2000@yahoo.com
Your Views: Abolishing deductions and exemptions on savings in ridiculous. This will not only discourage people from savings
but also incurs a huge loss to the Govt. Govt will not get much needed money in the forms of NSC,NSS and PPF schemes
which are very essential for Govt funding not to mention the interests generated in the housing sector. Even most developed
nations like USA still have standard deduction and exemption to savings in college education, housing etc and is aggressively
proceeding towards further tax cuts. Instead of abolishing such exemptions, more sincere efforts should be made to bring more
people into paying the correct taxes and that should be the way of increasing the tax revenues for the Govt.
Fri Nov 29 20:16:15 2002
Name:ksmurthy
Email: murthy125@rediffmail.com
Your Views: The indtroduction of 2 slab rates without any surcharges is a welcome step. This helps easy calculation of tax.
However, It is very unfortunate that the removal of tax rebates is going to hit badly the salraied class perticularly working in
Industries, where they hardly any extra income. I govt sector the rampant corruption helps the salaried class to manage their
families with little salary. Hence, a relook is needed in this sector. II- It is surpising that the sa called educated and
knowledgeble class BJP can ingnore the basics so cooly. Like they can cutdown the expenditure on politicians, burocarats, cut
their salaries and perks and offer real service to the nation instead of targeting the salaried class. III- Why business communites
are spared freely. iv- It is advisable that they stop targeting slaried calss failing which BJP will loose power. I trust our esteed
Fianace minister will have a relook at the proposals before finalising
Fri Nov 29 20:26:12 2002
Name:ssrinivasan
Email: ssrinivasan26@yahoo.com
Your Views: This is not good for salaried middle class group. we are only honest and correct tax payers in india with this
proposal its hard hit for us and also its diffcult for living
Fri Nov 29 20:28:44 2002
Name:ssrinivasan
Email: ssrinivasan26@yahoo.com
Your Views: This is not good for salaried middle class group. we are only honest and correct tax payers in india with this
proposal its hard hit for us and also its diffcult for living
Fri Nov 29 20:31:04 2002
Name:P Sinha
Email: ps7379@rediffmail.com
Your Views: I have read the full report. I fully agree with the recommendations made by M/S Kelkar and team. I can't agree
more with the recommendation to tax agricultural income as this is the source of max amount of tax evasion. Regarding the
elimination of tax sops (house-building loans and investments), I think they will be more than compensated as a result of the
lowering of tax percentage. Our policy makers should show some gumption to implement these proposals. I know that writing
this is likely to be futile in view of the conflicts between political agenda and plain commonsense. Still, I hope that someone,
somewhere will listen.
Fri Nov 29 20:31:24 2002
Name:GT
Email: gt102938@hotmail.com
Your Views: I have read the full report. I fully agree with the recommendations made by M/S Kelkar and team. I can't agree
more with the recommendation to tax agricultural income as this is the source of max amount of tax evasion. Regarding the
elimination of tax sops (house-building loans and investments), I think they will be more than compensated as a result of the
lowering of tax percentage. Our policy makers should show some gumption to implement these proposals. I know that writing
this is likely to be futile in view of the conflicts between political agenda and plain commonsense. Still, I hope that someone,
somewhere will listen.
Fri Nov 29 20:34:11 2002
Name:A. Ranganathan
Email: ranvasa@yahoo.com
Your Views: As for as the Senior Citizens are concerned, especially those who are eking out their livelihood WITHOUT ANY
PENSION BENEFITS, it will be a disaster! All their financial planning and strategies adopted at their retiremnt will bomb!
They are already near ruin afte the UTI debacles and the miery inflicted on them by the Mutual Funds!
Fri Nov 29 20:34:43 2002
Name:panyam m.v.n.moorthy
Email: panyam_mvnm@rediffmail.com
Your Views: as the salaried middle class person is already hard pressed with the exorbitant taxed and reduced interest rates, it
will be a further burdon over him and is totally un fair to lift all exemptions. it is evident that the salaried class is getting almost
nothing in return of the taxes paid , unlike the western countries.
Fri Nov 29 20:41:06 2002
Name:Rajesh
Email: rasupatil@rediffmail.com
Your Views: I feel the recommondations are fair. The tax collection has to made easy. Once this in place all other kinds of
taxes are to be removed like profeesional tax surcharge on what we pay as tax. The savings like PF and other government
organisation savings like NSC on registration etc should abolished. There should be value addition to the amount we pay. The
service people(Beurocrats, polititions othe govt orgs) should be made to realise that they are there because people are there
not vise versa.
Fri Nov 29 20:49:02 2002
Name:Dolton
Email: dolton_2f@rediffmail.com
Your Views: very very unfair, what no need of life savings when government has not even put in place a proper social security
system? it would do no justice in this country when half the country does not even have square meal or a roof over ones head
Fri Nov 29 21:02:56 2002
Name:R.SUNDARAM
Email: maradnusro@yahoo.com
Your Views: Kelkar's proposals are the most equitable so far. No tax exemptions at all including for Small savings is a right
step. This ponzy scheme of the govt. should be stopped before it destroys many pensioners, widows and senior citizens.
Money goes to state govermnents whose profligacy is well known.
Fri Nov 29 21:03:02 2002
Name:Gaurish Dasg
Email: gaurish_das@rediffmail.com
Your Views: Mr.Kelkars recommendation is most lopsided.Instead he should hv advocated wider sector and more no.people
like agriculture and small scale sector into tax network.
Fri Nov 29 21:03:15 2002
Name:sanat
Email: sanat_dol@ahoo.com
Your Views: Mr. Kelkar has aimed only on middle class. Even if we pay tax.. why..because some one is not working.. what do
we have say on spending of it... just pay and get pockets of these men on say of drought/flood get it filled.. a joke of tax payers
made by these monkyes.. this must stop..... if i pay tax i must have right to say how it should be spent... that it....
Fri Nov 29 21:10:06 2002
Name:rahul arte
Email: arterahul@hotmail.com
Your Views: its fair only the slabs need to be relooked into
Fri Nov 29 21:10:13 2002
Name:umesh k iyer
Email: iuk23@rediffmail.com
Your Views: I think its time to sit back and enjoy what you earn as there is no scope for savings and investment.also its time for
the insurance companies to close shop as tax exemption is the bait for they use to lure the salaried class. Mr. Kelkar has earned
his bit from a long career as a govt servant, so he's least bothered. The middle income group is the one which will be the worst
affected. The poor dont have to worry. The rich {corporates} have got their taxes reduced. The middle class will start going
below the thin red line called poverty. I think somebody was speaking about plans to eradicate poverty by bringing everybody
above the poverty line. I must have misinterpreted the lines like rajya and rashtra
Fri Nov 29 21:10:26 2002
Name:kaypee
Email: kaypee88@hotmail.com
Your Views: It is the most stupid suggestion to remove the Standard deduction of salaried class because they are the most
honest tax payers. You must charge greater tax to crooked businessmen and blood sucking professionals and also bring non
tax payers into the net. Charge tax to rich farmers.
Fri Nov 29 21:21:04 2002
Name:atul agarwal
Email: agarwal_atul75@hotmail.com
Your Views: praposals are not for comman indian public. they are make only for the benafits of afew persons which are
belonging to high class
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