Indians Pay Taxes Silently – What about High Corruption in Government ?

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Direct tax collections in the first nine months (April-December) of the current financial year increased 19.47 % to touch INR2990bn, compared with INR2502bn in the corresponding period of 2009-10. Growth in collections for December this year over the same month last year was 20 %, the Central Board of Direct Taxes (CBDT) said. Tax collections at INR2990bn are 69.53 % of the Budgeted target of INR4.3trn this year.

The growth in the April-December period was largely contributed by corporation income-tax collections. During these months, collections from corporation tax jumped 22.07 % to INR2.03trn, against INR1.6trn in the corresponding period last year. Collections of personal income-tax, including securities transaction tax (STT), residual fringe benefit tax and banking cash transaction tax, increased 10.96 % to INR922bn, compared with INR831bn in the year-ago period.

It is True that one need to pay Taxes honestly to grow. However, what about the rampant corruption in almost every Department of the Government of India which is recklessly spending and pocketing tax payers money ? Should you continue to be an Honest Tax Payer or fine tune your returns to pay lesser Tax ? What say ?

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1 thought on “Indians Pay Taxes Silently – What about High Corruption in Government ?”

  1. ADVANCE TAX is a big form of corruption. Another big form of corruption is in the form a clubbing rules for interest income arising spouse to spouse money payment, which is POST TAX. What is our savings after tax should be none of IT depts business. Yet income arising from wife’s FD is supposed to be clubbed or else called “TAX EVASION”.

    The Scam money for the Indian govt begins with the IT department with such unscrupulous rules.

    Advance tax requirements and income clubbing rules for post-tax money should be immediately abolished. These are legalized fraud of extracting money from salaried class.

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