Poll: Should corp taxes be increased rather than increasing taxes on middle class?
Poll has expired, here are the final results

When corporate tax which is reduced to 22% and 15% for new companies pre -covid is not increased despite shortfall in taxes , then why middle class is bombarded with new taxes on petrol and lpg ?

90°
Deal Cadet
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551
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Market is bombing as corporate profits are better than expected…all companies have shown more profits compared to pre-covid levels , then why govt is not taking more money from them rather than killing the middle class???

Not only petrol or gas prices is increased ………..even all other items like CEMENT, PAINT , STEEL ROADS everything prices have increased by 20-25% compared to pre- covid levels .

https://pib.gov.in/Pressreleaseshare.aspx?PRID=...

6 Comments  |  
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For “Vikas”

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Forgot about Cement, Paint, Steel… even daily needs increased by 20 – 25% like Dal, Oil, Sugar, Atta…

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How much more you want to tax corporates?

Companies allready suffer from double Taxation.

Companies pay tax @ the rate of 22% without claiming exemptions. If you claim exemption then normal tax rate applicable.

When company distribute all ready taxed profit as dividend then on that dividend we pay normal tax rate again which may go up to 35%.

And company need to spend atleast 3% of pre tax profit for csr activity as per company law.

How much more you want to tax company?

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Either way salaried middle class suffer.
Corporate tax increase will lead to less salaries
To bring parity with others even salaried should be allowed to pay (advance)tax like business people instead of employers deducting upfront.

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Funny part is when for Reservations the creamy layer limit for economically weaker sections (EWS) is 7,50,000 annually, but the I.T. exemption is only till 5 lacs.
Even Govt officially claims that till 7.5 lacs we are economically weak but still wants to tax the middle class in that bracket

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ashmail123957 wrote:

Funny part is when for Reservations the creamy layer limit for economically weaker sections (EWS) is 7,50,000 annually, but the I.T. exemption is only till 5 lacs.
Even Govt officially claims that till 7.5 lacs we are economically weak but still wants to tax the middle class in that bracket

Bruh its 8 lakhs for the entire family not for a single individual .

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