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Thursday, April 14, 2011

Income tax how much do we really pay to our government?

Is our government looting us? are we taxed to death? this was the question came to my mind when i was checking out my car documents and saw the road tax being paid accounts to nearly one lac rupees? government is already collecting 10-30% from our pay checks as tax depending on the amount we earn, now the point is why government is collecting road tax when we are already paying tax from our income? overall how much we pay to the government per 100RS we earned?


Government of India screws us by collecting tax dividing it into several categories:
--> Income Tax: For Central Government
--> Sales Tax: For the state Government
--> Service Tax: For the service we choose for Such as import and export And few other little taxes government collect from us central Excise: For the goods produced in India or locally
--> Stamp duty
--> Business tax
--> National insurance contributions
--> Airport tax
--> Capital gains tax
--> Inheritance tax
--> Educational cess
--> Entertainment tax
--> Savings tax and the list goes on and on...........
Now i paid road tax,life tax of my car to the government i need to pay sales tax to diesel/petrol i put in every time, whats more i go to the restaurant in need to pay 12.5% vat on the food i ordered, now apart from income tax I pay i can see Professional tax and Edu cess in my payslip

And still our government is not satisfied
1. City corporation levies us property tax
2. Water department charge us for water tax
3. Electricity board screws us with Service tax and so on....

Bottom line government is trying to collect tax in how many ever possible ways it can, i think we are paying more than 60RS for every 100RS we earn though there are still huge list of other taxes which i am not able to recall now, What do you think are we taxed to death, and our tax money are enjoyed by corrupt politicians, black projects by government, bank bailouts, unnecessary military funding etc etc do we have to reform the taxation? do comment here.

4 comments:

Anonymous said...

did u miss Toll Fees -- they are also tax to use the roads !!

Mayur said...

Hmmmmm.......look at the Right side of things..
No Water TAX leads to no water pipes and low maintenance
No Road TAX leads to more potholed roads for greedy luxury cars
Etcetera........
The Government is not Dumb...remember democratic country is not just for the people its BY THE PEOPLE......!

murali said...

correct...,i think you forget about clothes tax...

manas kapoor said...

I dont mind paying the taxes but required i get want it is meant for
I am paying road tax and still the road outside my colony is bad
I am paying huge electricity bills even than i have to spend huge amounts on generators
Many more cases are their which all of us know

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