WHY I EVADED TAX? A COMMON MAN OPEN LETTER TO NARENDRA MODI
Dear Mr. Prime Minister Narendra Modi, Obeisance.
My name is Prasad. I run a small Industry at Balanagar in Hyderabad. Earn about 2 lakhs per month income, that is 24 Lakhs per year. But honestly, I should pay at least 3 Lakhs per year (excluding deductions) as income tax. But I pay just 30 thousand Why? I was born in an ordinary middle class family. I saved every nickel and worked hard to come to this position. Out of two lakhs earnings, a lakh would be spent on my family. The other one lakh on investments in Gold & Land. I spent almost 30 thousand rupees to the government in the form of indirect taxes taxed on Groceries to TVs to Mobiles, any thing you buy need to pay 20 to 30 percent tax. If I spend 3000 on liquor parties with friends then I pay 60% tax to government. Petrol taxed at 30 rupees per liter. If you buy the car, all taxes comes to 1.5 lakhs. To buy land for home, need to pay 1 lakh as registration charges.