Help and reduce your Taxes.

Last year a govt spoke about the new tax code to be introduced which will enable individuals to pay only 10% of tax on there income upto 10 lakhs but even after 18 months such a reality remains a dream for the indian salaried class. The reason for the govt not able to implement the same is due to lesser funds available to exchequer.

If we go by the figures only 3% of the population actually pays tax which is way below compared to the figures of developed nations. Naturally another large number just evade paying of tax by hiding or by running businesses unlawfully. This is basically making the hard working salaried class work harder and also pay taxes while bounties of benefits including the fuel subsidies enjoyed by all this is the biggest corruption the country is facing than any other one.

Without getting into the detail would want to grab your attention into how we can make this individuals tax evaders to join the stream of tax paying community. And reduce the burden the population of salaried class.

I have listed below a few ways how we can convert there black money into white so that this people are forced to pay the taxes.

1. First and the foremost is to make sure that you demand for a proper receipt for every product you buy be it worth Rs 100 or a Lakh. This will force all the traders to account the income out of this sale and pay taxes.If anybody refuses to issue a receipt just stop shopping at the place.

2.Try and pay each of your transaction through debit or credit card so that the shop owner is forced to record this business in his books due to its electronic form. Prefer to shop from the places who offers card payments free of all charges.

3.Always buy branded goods which first will give you a quality assurance and since it is strongly accountable for all its turnovers they will pay all types of taxes to Govt without evading anything.

4. Lastly the organized retail is emerging strongly and is well captured in the cities and spreading in towns support them by shopping at there places since they are the ones who are going to revolutionize our country by generating employment and making all revenues reach govt without fail.

Organized retail will also will help farmers gain a good price for their produce weeding out the mediators also organized retail chains are able to provide better cost for the ones sold in the local shops.


So practice the above principles to actually make the country and ourselves much stronger. So always demand for a receipt , pay by your cards and shop from organized retail chains.