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My request to you is this. Can you make it a little bit different, that is, those who declare their income of more than Rs.8,00,000, the income tax will be 15 per cent with a surcharge of 10 per cent? It will help a man to declare his income because in India, it has become a crime to earn more money – if a man earns more money, he will be taxed heavily.

I am giving this suggestion because my Private Member’s Bill in this connection is pending for the last two years, wherein I have suggested that there should be ‘tax on expenditure’ rather than on income. It will take some time because it will take time to change the mentality – to convert people into spending more. So, my request is this and you can think seriously about it: for persons who are earning more than Rs.8,00,000, you can have an income tax of 15 per cent and a surcharge of ten per cent. By this, I am sure that the revenue will increase and it will not go down because people will feel that they need to pay less tax and thus, they would declare their income; and thus, white money will not be converted as black money. You are saying that there is a parallel economy of black money is going on, but we are not doing anything. So, this is my solution. If you can do this, it would be better. At least you can try it for one year; every year, we are changing the sections and rules of the Income Tax by way of Budget. This is my suggestion and you can do this way; you can keep lower tax rate for higher income group. By this, the revenue will increase and it will not decrease.