Posts Tagged ‘government’

Will Government make provision to control Inflation in Budget 2013?

Will Government make provision to control Inflation in Budget 2013?

I have always heard from my grandfather about how things were when he was at my age. A movie ticket was for a few paisa at that time. Now it is worth Rs.200. Salary at that time was Rs.400 and still he could able to save. Today salary level has gone up to Rs.50, 000 but still people are unable to save enough money. This is what we called inflation is, the price of everything goes up. Because the price […]


Tax the super-rich at a higher rate

Tax the super-rich at a higher rate

Recently we have seen recommendation of FICCI on income tax rate change in post New Tax Slab – I wish. As per FICCI highest income tax rate of 30 percent should be levied on income above Rs 20 lakh as against Rs 10 lakh currently. Another recommendation is given by C Rangarajan, a key economic advisor to Prime Minister Manmohan Singh that government could consider imposing a marginal tax rate higher than the current 30% on those with “substantially higher income”. This […]


Pay tax or get ready for action – Government’s Warning

Pay tax or get ready for action – Government’s Warning

Taxes are paid nation are made, you must have heard this famous slogan many times but  do you know how many people actually pay income tax in India. According to data total number of tax payers in India is 33.57 million (3.5 crore). Current population of India is 1.22 billion (122 crore) so only 2.86 % people pay taxes. Don’t get surprise look at following tax data showing total number of income tax assesses from 2006 to 2012. Financial Year […]


Equity prospective 2013 and beyond

Equity prospective 2013 and beyond

Year 2013 is expected to bring a lot of joy and cheer to the trading community. Swift policy action by the government and strong FII inflows which are expected to continue will push the BSE Sensex past 20,000 this coming year, say analysts. Things are slowly but surely falling into place on the domestic front with the government pushing its reform agenda forward Dinesh Thakkar, Chairman and Managing Director of Angel Broking says “From the current level, I expect the […]


Do you know how state government contributes to Inflation via VAT ?

Do you know how state government contributes to Inflation via VAT ?

You must be aware that government imposes 20 types of taxes on us.  Most popular among these taxes are income tax & service tax. Government collect these taxes to build nation (infrastructure & other development), to increase arms and ammunition for defense of country and for other welfare related work. In today’s situation although tax is becoming single largest expense for individual, individual  pay taxes to government thinking government will use this money for country’s betterment. But unknowingly/knowingly we pay […]