Mr Modi’s government is coming up with another vicious plan – this time to rob the salaried employees by taxing them more henceforth.
The minimum salary was Rs 15,750 as of January 1, 2016. There was a demand to increase it to Rs 26,000. But Mr Modi’s government increased only Rs 2,250 taking the total to Rs 18,000 per month. Of this, the government deducts 10 percent as part of the new pension scheme. The House Rent Allowance (HRA) which was 30 percent in cities has been reduced to 24 percent slashing six percent.
The Telangana state government employee was drawing a salary of Rs 59,986 per month and Rs 7,19,840 per annum in 2017-2018. The employee was paying an income tax of Rs 71,037 which is a one-and-a-half-month salary.
The TRS government has increased the salaries in 2022-2023 and an employee is getting Rs 1,30,212 per month totaling Rs 15,62,550 per annum – an increase of 117 percent salary hike. Now an employee has to pay Rs 2.50 lakh as income tax which means an increase of 251 percent.
The state government employees are in a dilemma whether to rejoice in increasing salaries by CM Mr KCR or weep as Mr Modi plans to rob them outright.
The total income tax amounts to three percent of revenue to the Government of India. There has been a demand that the income tax should be scrapped thus bringing relief to the employees.
But the same BJP government is waiving bank loans of crores of rupees belonging to corporate companies.
Hyderabad TNGOs president Mr SM Mujib Hussaini said Mr Modi is completely reverse to Mr KCR as the latter was safeguarding the interests of employees in the state.
When the Telangana government is increasing salaries, the Central government is trying to snatch away the benefit in the name of income tax, he rued.
By Gollapudi Srinivasa Rao