Aboutme.SubinEconomics-Financial Budget

Aboutme.SubinEconomics-Financial Budget India.First, income tax rebate will be increases and the slab starts from rs. 5 lakhs - 15 lakhs, they will pay min. 10% tax. From 15 lakhs  to rs. 50 lakhs, 20% tax will be paid. From 50 lakhs and above, we will be charging 25% only.  Educational and medical excemption will be additional. Apart from that those who pay digitally can get a reduction of 5% more. Every individual has to submit the income tax return above 25 years.           Aboutme.SubinEconomics-Financial Budget India.          Corporate tax must be reduced to increase investment. So we reduce the corporate tax from 24% to 19%. This must be reinvested to add more benefits. Service tax will be reduced to 10% till july and all will be there till july and will be included in GST. GST will be reduced to 11% from july.                                          Aboutme.SubinEconomics- Financial Budget India.       Infrastructure require revamping, so heavy investment is required. So 20% of tax will be rolled out to built new roads, airport, and upgrade current infra.  Farmers are the backbone of India. Today onwards, farmers will be working for the government. Seeds, fertilizer, pesticides, waterbpumps, etc will be provided by the govt. Apart from that an income will be given to you as salary. Technicians and agriculturists are from the govt side. Whatever produce are made by farmers, will be purchased by govt. Those farmers who are having land will be taken by govt and given to non-farmers, rent will be paid. As a fin. Minister, I dont want to see any farmer lying idle or any farmer commiting suicide.              Aboutme.SubinEconomics- Financial Budget India. My deficit will be 40% which i can garner by widening the tax base. Every one will be paying tax. Black Money investors can bring in cash now and avail a just tax of 15% now. Gst is widening and will receive more income to government.

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