Wednesday 2 March 2016

Budget and the salaried class



Every government treats the salaried class as punching bags since it is the only sure source of income tax revenue. This BJP came to power after harvesting the middle class votes and gave tall promises as if they are their saviors from money worries. After the presentation of each budget the middle class faces inflation through new and increase in the rate of indirect taxes,higher and wider service taxes,  fall in savings, rigid tax  base ,  steady fall in the interest rate on their bank savings and cancellation of exemptions . They have no way to avoid or evade tax and as richer classes do hence caught as captive gold mines

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