Disappointing Budget 2017

Probably one of the much awaited and hyped budget, and definitely, nothing in it for the Salaried Class.

This Budget has made me think that, yes, probably those who don't pay taxes are the lucky ones as they earn what they can and use it rather than paying taxes. The Salaried people were left high and dry.

Jaitley indicated in the Budget speech that, most of the tax payers are indeed Salaried, but absolutely nothing in for them. Even if there was no major change in the tax slabs or the cuts, people were hoping for some benefits, maybe in the conveyance, investments under 80ccc or medical insurance or anything, in that area. But then just nothing. 

I am highly disappointed today, and the faith that, Modi had indeed done a great thing by demonetization, has been somewhere eclipsed. 

Either they should have started to collect taxes from more people, or reduced the amount from salaried. Something should have been done. But I guess, its the vote that matters at the end of the day and nothing else.

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Shouldnt the Taxation be done differently ?

In todays date, when all the eyes are set on the budget 2017, and the main component, which everyone is looking for is a cut in the taxation rates and the slabs. Well, thats something which even I have been looking for. However, just reducing the taxation, will it not hamper the amount the government will eventually have for the various programs ?

Rather than just reducing the tax rates for the majority of the salaried and other tax payers, why cant we have a much lower slab, which will make sure, a huge number of people pay a small amount of tax.

Say, if one is earning around 1 lakh a year, currently this person will not be paying any taxes. And I suppose a huge number of people are in this bracket. So why cant the government charge a very nominal tax amount say 1% or 0.5%. When we have huge numbers of these, will it not help everyone.

Why should only the middle segment people who are primarily in the salaried class bear all the wrought, when dealing with taxes.
When we have more and more people paying taxes , though very small amount, it will be better for the overall growth of the country , rather than taxing only a few.

The bigger and the more important part of taxation, is when, the amount paid, should be reflected in the amenities which is provided for the people. Only then every one will eventually like to pay

I do hope that, this does happen eventually.

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