March 1, 2016 No.7
https://www.facebook.com/mehtarahulc/posts/10153315720731922
https://www.facebook.com/mehtarahulc/posts/10153315720731922
The budget we at RRG propose
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1. Wealth tax of .0.5% of land value plus construction value minus income tax paid, and this 0.5% will rise 0.5% every year till it reaches 3% . Following will be xempt
.
a) 250 sqft urban land in metro cities per person, twice for senior citizens. (more land in smaller cities, and upto 1000 sqft in rural areas). So it will be about 1250 sqft for family of (husband + wife + 2 kids + one senior citizen parent)
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b) 500 sqft construction in metro cities per person, twice for senior citizens. (more land in smaller cities, and upto 1000 sqft in rural areas)
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c) MINUS 50% of income tax paid on salary income.
.
d) MINUS all income tax paid on business, rent income, not dividends
.
e) MINUS 15% of salaries paid to employees
.
f) MINUS all electricity tax paid,, telecom tax paid, fuel tax paid , service tax, sales tax, vat , gst etc paid , excise paid
.
g) removal of service tax, gst , vat,, sales tax, excise in 5 years --- as income tax increases , these taxes will be pahsed out. But as long as they are, they will be fetch wealth tax credit (see f))
.
h) MINUS wealth credit --- if wealth tax payable is negative then it become credit for next year
.
i) MINUS Rs 500 per person served --- any citizen can cite 5 persons / companies / trusts as entities which are serving him and that entuty will get wealth tax exemption for upto Rs 500 per person served
.
For full details pls seehttps://www.facebook.com/ProposedLawDrafts/posts/522045534628090 .
.
If you support WT, then please send following order to MP via SMS "dear MP, I order you to print wealth tax law-draft in Gazette as given inhttps://www.facebook.com/ProposedLawDrafts/posts/522045534628090 , md5 = #23bde4f3379f8b5c2224cdfd348fc36a , sha2 =#bc748b7245dab9e2f12ff24760ab7cfcc4847ae78760a4bcd21cf97b5e71faac ".
.
Please also put this msg as status on your wall, and please like the above link
.
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2. Complete abolition of all tax benefits given to GIFT City companies, SEZs etc
.
====
.
3. Proposed income tax as follows ---
.
From Rs 0 to Rs 200,000 --- 30% compulsory savings , , 0% income tax
.
From Rs 200,000 to Rs 400,000 --- 20% compulsory savings , , 10% income tax
.
From Rs 400,000 to Rs 800,000 --- 10% compulsory savings , , 20% income tax
.
1. Wealth tax of .0.5% of land value plus construction value minus income tax paid, and this 0.5% will rise 0.5% every year till it reaches 3% . Following will be xempt
.
a) 250 sqft urban land in metro cities per person, twice for senior citizens. (more land in smaller cities, and upto 1000 sqft in rural areas). So it will be about 1250 sqft for family of (husband + wife + 2 kids + one senior citizen parent)
.
b) 500 sqft construction in metro cities per person, twice for senior citizens. (more land in smaller cities, and upto 1000 sqft in rural areas)
.
c) MINUS 50% of income tax paid on salary income.
.
d) MINUS all income tax paid on business, rent income, not dividends
.
e) MINUS 15% of salaries paid to employees
.
f) MINUS all electricity tax paid,, telecom tax paid, fuel tax paid , service tax, sales tax, vat , gst etc paid , excise paid
.
g) removal of service tax, gst , vat,, sales tax, excise in 5 years --- as income tax increases , these taxes will be pahsed out. But as long as they are, they will be fetch wealth tax credit (see f))
.
h) MINUS wealth credit --- if wealth tax payable is negative then it become credit for next year
.
i) MINUS Rs 500 per person served --- any citizen can cite 5 persons / companies / trusts as entities which are serving him and that entuty will get wealth tax exemption for upto Rs 500 per person served
.
For full details pls seehttps://www.facebook.com/ProposedLawDrafts/posts/522045534628090 .
.
If you support WT, then please send following order to MP via SMS "dear MP, I order you to print wealth tax law-draft in Gazette as given inhttps://www.facebook.com/ProposedLawDrafts/posts/522045534628090 , md5 = #23bde4f3379f8b5c2224cdfd348fc36a , sha2 =#bc748b7245dab9e2f12ff24760ab7cfcc4847ae78760a4bcd21cf97b5e71faac ".
.
Please also put this msg as status on your wall, and please like the above link
.
=====
.
2. Complete abolition of all tax benefits given to GIFT City companies, SEZs etc
.
====
.
3. Proposed income tax as follows ---
.
From Rs 0 to Rs 200,000 --- 30% compulsory savings , , 0% income tax
.
From Rs 200,000 to Rs 400,000 --- 20% compulsory savings , , 10% income tax
.
From Rs 400,000 to Rs 800,000 --- 10% compulsory savings , , 20% income tax
over Rs 800,000 to Rs 10,00,000 --- 0% compulsory savings , , 30% income tax
.
Compulsory savings can be used ONLY to pay for medical expenses of self and family, fees for self and family members children, one house for self and family etc,. And all withdrawals made have to be repaid with 1% interest.
.
No employer side contribution. All responsibility of Compulsory Savings on employee ONLY.
.
=====
.
4. No excise of extra tax on any item (except on fuel, cars) , customs will stay, no sales tax, vat, gst etc.
.
====
.
5. All water charges by water metering
.
====\
.
6 Issue LAND BUDGET --- oi.e. give estimate of how much land Govt is consuming in offices, residences of govt employees / judges and what is market rent of that land
.
Compulsory savings can be used ONLY to pay for medical expenses of self and family, fees for self and family members children, one house for self and family etc,. And all withdrawals made have to be repaid with 1% interest.
.
No employer side contribution. All responsibility of Compulsory Savings on employee ONLY.
.
=====
.
4. No excise of extra tax on any item (except on fuel, cars) , customs will stay, no sales tax, vat, gst etc.
.
====
.
5. All water charges by water metering
.
====\
.
6 Issue LAND BUDGET --- oi.e. give estimate of how much land Govt is consuming in offices, residences of govt employees / judges and what is market rent of that land
====
.
7 Put salaries and ALL benefits of ALL Govt employees are getting with their names, pictures , except Govt exmployees in police / military (in case of police / military , their names / pictures will NOT come, but their dummy ids will come).
.
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7 Put salaries and ALL benefits of ALL Govt employees are getting with their names, pictures , except Govt exmployees in police / military (in case of police / military , their names / pictures will NOT come, but their dummy ids will come).
.
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