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Suppose you earn 12 LPA . Govt takes 30% and then another 5% goes in various taxes.Then you have to pay for your rent and living costs. Leave you with nothing to spend on yourself and family.
Up to 12 LPA - 0 tax
Up to 24 LPA - 5% tax
Up to 48 LPA - 7% tax
Up to 1 cr - 8 % tax
Up to 1.5 cr - 10% tax
Above 1.5 cr - 15% tax
Above 10 cr - 20% tax
For farmers, we can simply tax from 1 cr onwards at 8%, gradually brining both farm and non-farm tax rates at par.
The farmers that represented to you as rich by mainstream media(pizza eating protestors from Punjab) have an average household income of less than Rs 30000 a month per household of four according to government data.
Only other state whose farmers are close to that income level is Haryana. All other state’s farmers are much lesser. Kis ko tax karein?