Monday, March 12, 2007

Working Women and Income Tax

Budget is out once more. I would like to discuss my concerns about one concession extended to the women particularly in this budget (like every year). The Income Tax exemption for the women has been extended to 1,45,000; but why? I want to point out some facts regarding the socio-economic condition of the women (read working women who pay Income Tax) :
  • Almost 99.99% of the working women in this country are either married to atleast middle level Government Servants or well-off professional or small business-men.
  • Almost every family that has an I.Tax payee woman at least has one more tax payee member.
  • This simply means more tax free income for the well-off families.
  • These days 100% of the working girls find working husbands.
Now my point is why to extend this benefit to the ones already enjoying affluence? Same is the case with senior citizen. Me 34 with the responsiblity of my parents and children on me with Taxable income have no escape from TDS. But the other ones with some what no family responsiblities(senior citizens) and comparatively much less responsiblities (women) are being allowed more tax-free income,
But WHY?
It can be justified when the concessions are for the needy ones like the widows or the divorcees etc. but what is the justification for extending this benefit to all. Am I expected to earn more than the women at my level?
or do they expect that I being a man will be able to raise a loan more easily if a need arises?
I don't mean to offend anyone.
Any comments?


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