My Comment on an article "Budget 2015 may propose significant changes in income-tax and corporate-tax structures, boost savings" published in the economictimes.com dated 20/02/2015 at 10:15 pm.
"Tax incentives to allure people towards savings may work out to be beneficial for both government and public.
Tax payer gets some relief in total tax payable amount as well as being able to save some money for future security in the shape of tax saving investment schemes.
Government can benefit as more funds can be available in the hands of government due to increased savings by people.
So it is a plus factor for both sides."
"Tax incentives to allure people towards savings may work out to be beneficial for both government and public.
Tax payer gets some relief in total tax payable amount as well as being able to save some money for future security in the shape of tax saving investment schemes.
Government can benefit as more funds can be available in the hands of government due to increased savings by people.
So it is a plus factor for both sides."
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