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Low and voluntary contribution of funds to the government.


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 One Tax for the corporation

India Tax Payer were joined protest meeting with people of Edayarpalayam, TVS nagar and its neighbourhoods for bring to the notice of corporation administrators for the following points held on 18 Sep 2017. more..

 Direct tax collection up 16% from last year, growth in advance tax down

Net direct tax collections for April-September, the first half of the current financial year, grew 15.8 per cent from last year to Rs 3.86 lakh crore, data released by Central Board of Direct Taxes (CBDT) showed. This amounts to 39.4 per cent of the total Budget estimate for direct taxes for 2017-18. more..

 GST Council to discuss bringing real estate under its ambit: Arun Jaitley

The issue of bringing real estate under the GST's ambit will be discussed next month, Finance Minister Arun Jaitley said today, as he acknowledged that it is the one sector where maximum amount of tax evasion and cash generation takes place. more..

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    Every rupee you earn results in 70 paise going to the government.

    In every rupee, 30% goes to income tax. When you spend 70 paise, you pay 20% on an average as GST. 44 paise gone to government. And almost all products are taken out of earth in some form or other. For each one you pay a royalty to government amounting to about 20% the cost of the product.

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    Assuming 50 paise as the cost of product 10 paise goes as royalty. Now the remaining 46 paise includes transportation, communication and many other services for which the government charges carrying cost. Example, license for 2g or 3g etc. This will add up to about 16 paise in all. Totalling to a whooping 70 paise out of every 1 rupee earned. May be a little less, may be a little more.

    For More Updates: Visit  https://www.facebook.com/IndiaTaxPayer-151502931552350/?hc_ref=ARTAsRTyplG4n0wADrVN3Hg6neKMrA_Zu4a7nxI1AWXX9Ins8XXS0M1PUXVkq-HXYQI&fref=nf