Posts Tagged Poor Peasant
If different savings instruments are substituted by single instrument through banks, it will contribute to healthy tax management. All accounts held by one individual will get clubbed by the tax authorities and levy of tax will become easier. The so called tax saving schemes as also the dirty tricks to evade tax will come to an end. In their place the government can give incentive in the form of reduced tax rates or higher exemption limit. A healthy financial system alone can guarantee an honest government, an honest society and an honest individual.