Even here 30% is above 10,00,000.....it means for income below 10,00,000 there is less than 30% tax. So in total no body pays 30% of his entire income in taxes.
Please refer section 80 of the Indian Income Tax Act for deductions and exemptions.
This question is factually incorrect. Nobody pays tax @30%. There are plenty of deductions, exemptions and Tax brackets. effective tax comes out to be 15-17%.
And even service tax is not charged on entire value of the transaction (in most cases). For eg. We are paying service tax @12% on...
I do understand.
Almost all the developing countries have huge underground economies (or Black economy).
However, My comment was specifically meant for a particular Bangladeshi Member who argued with me for almost 100 pages that by adopting 2005 as a base year, BD economy will increase by a...
And wtf was the reaction of pakistanies and Bangladeshies on that incidence?? :lol:
Pakistan ka asal -surat to jannat se kam nahe hai....to kab declare kar rahe hai pakistan ko Sunni state?
Just like you are the thekedars of Muslims Ummah? No?
The moment Pakistanies and Bangladeshies stop...
True face of Bangladeshis revealed. These people are just enjoying the killing of Minorities in their country. Most of them are even supporting it. pathetic state :tdown: