Budget wishlist: Lower tax rates, end to price rise | business | Hindustan Times
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Budget wishlist: Lower tax rates, end to price rise

business Updated: Feb 22, 2011 14:44 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Effective measures to bring down prices, more money to offset the rising prices of almost all commodities, more economic reforms, an urban employment guarantee scheme and a citizen-friendly tax administration set-up…

That’s what the Indian citizen wants from finance minister Pranab Mukherjee, when he rises to read out his sixth Budget speech on February 28.

A Hindustan Times-Cfore survey of 2,017 tax-payers across 12 cities found Indians are most concerned about rising prices of food and other commodities.

They want the minister to lower tax rates and/or rejig tax slabs to put more money in their pockets. Almost nine out of 10 Indians want standard deduction, which was scrapped in 2005-06, brought back.http://www.hindustantimes.com/Images/HTEditImages/Images/15_02_pg1b.jpg

The government is also under attack for inaction over black money allegedly stashed abroad. More than six out of 10 want an amnesty scheme for tax offenders who pay up. Tax administration is another area citizens want Mukherjee to focus on. Three out of five citizens said they always faced problems paying taxes and/or getting refunds.

Mr FM, are you listening?