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The Financial Express

Increased tax on fixed income people

| Updated: October 24, 2017 08:25:20


Increased tax on fixed income people

NOBODY has so far spoken on behalf of salaried income group which will become an easy victim of tax net this year according to the proposed 2016-17 budget.  This group of people belongs to the middle class and they are generally simple and law abiding. This time this group has been heavily with tax. The income tax burden of salaried employees has been increased by  10 per cent to 500 per cent.
This group constitutes a large portion of middle class and they wonder:  what is the Finance Minister trying to achieve?
Tax net is not actually widening and instead the honest and sincere group of people who are already paying income tax every month and paying through their employers regularly are being over loaded with additional tax burden.
No one speaks on behalf of these people as they do not have any association. But an individual salaried person pays more income tax than many millionaire business owners.
We appeal to the authorities to look into the matter and take steps to reduce the burden as described above and as has been proposed in the budget placed by the Finance Minister in Jatiyo Sangsad.
Imtiaz
North Kattali,
Chittagong
 

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