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If I don't earn money or If I loosed heavily and I don't have money for my need. Income Tax people pay me?


If I am earning money this people charge me in the name of Income tax but what about If I become old or I have lost the capacity to earn.

Whether this people pay me...?

What are the rules of Government and Income tax in INDIA

It is true. When they collect money by way of taxes when we earn, then they must refund at lest 50% of tax (in reverse slabs).

India was a poor country foreigners ruled it for more than 1000 years. they could not introduce welfare policies but they collected Tax Lagon very harshly.

In retaliation our leaders asked us to evade taxes and lagons Dandi Yatra was agitation against Tax on Namak. We were asked to wear hand woven Khadi to punish British Textile Industries. That was the need of the hour to protest. in search of freedom. But we became habitual tax evaders
After freedom we followed socialist pattern they were charging Tax on Income upto 80% which develped under the table Black money transactions. Country became much more poor than foreign rulers.time.
Thank God and sacred soul of Rajiv Gandhi wisdom who introduced reforms of open economy, introduction of computers which has been followed by all PM and FMs. More vigorously by Sonia UPA Govt. Consequently things are improving . Farmers debt written off. Rozgar Yojna for 100 days started. Do not surprise if some day we will also have social security card to compensate un-employed as in USA. the facility you are looking for..
First let us be honest Tax payer. Mrs Sonia Gandhi must give
one more pardon in the form of VDIS. PM / FM must Give chance to misguided citizens to comeback to main stream of Nation.
Vinoba Bhave Pardoned Hard core Docoits, smugglers to bring them back into main stream of Nation. Some promoters of companies have collected corores and disappeared as Fly by night operators. Ministry of company affairs can persuade them to refund their loot and payback to their investors. God will give them success and happiness as it has bestowed upon Ambanis and Jindals. The world class Industrialist..

Indian Government often forget that it's for the welfare of the people. Tax collection is treated like a revenue source. Just like we talk about sales in a company.

I think there's a provision of social security money in US, where old people get money when they cannot support themself economically. India is also a well developing country, so Government should come out with something like that.

(P.S. Indian Govt. Pays crores of rupees to MPs. Cutting their pay and pension alone would give enough funds to support the old people.)

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