Wednesday, 9 April 2014

A Comment regarding linking tax exemptions and slabs to inflation

My Comment on an article "Government refuses to link tax exemptions and slabs to inflation, to charge higher tax" published in the Economic Times Dated 09/04/2014 at 12:50 pm.

"Is it not a double benefit to the taxpayer? If you link inflation index with tax slabs and minimum exemption limits and accordingly apply differential slab applications for calculating the tax, it will be a double rebate to the taxpayer: once as an increased salary and again as an additional inflation rebate. 

I do not think it to be reasonable from the point of Tax Department."

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