What if our government exempts the salaried class from paying income tax?Members,
What would happen if all the salaried employees are exempted from paying a direct tax to our government?
Our government collects tax from all the persons who work in an organisation drawing salary both government and private. The tax varies as per the slabs announced.
What would be the loss to our government if it stops collecting tax from the salaried class? Or will our country benefit from this?
I watched an interview with Dr Subramanya Swamy, PhD a renowned economist in which he said that exempting the direct tax from the salaried class would benefit for the growth of GDP of our country.
Your views please.