Benefits Of No Income TAX In country

Benefits of no income-tax in country, what are the advantages if government stop income tax from country, is incometax is good for society, disadvantages of income tax in country. 
Benefits of no income-tax in country, what are the advantages if government stop income tax from country, is incometax is good for society, disadvantages of income tax in country.
benefits of income tax exemption

Income tax has become a necessary part for every person in our country, for some person it is just like a nightmare. The bitter truth is that most of the people spend there most of the time in planning to save tax only. If they use there this time in generating income then definitely it will be good for country growth and development. 

It is not as easy to give a part of income to government and so businessmen, service class people think about , how to save money. This is because black money issue is increasing in country. 
Some honourable think that exemptions from tax may affect the poor class but truth is different, Poor class spend lot of money in wine, meat and entertainment on daily basis and they don’t pay tax. Since they don’t have the habit of saving and so they are in category of poor otherwise income of labor class is more in today date, this truth will come out easily if survey is done in wine shop on daily basis. 

BJP member of parliament Shri Subramanyam Swami is demanding to free country from Income tax which is definitely a good Idea and is beneficial for country development. 

There are many countries where there is NO INCOME-TAX like as United Arab Emirates(UAE), Andorra, Bahamas, Bermuda, Monaco.

Let's Know Some Disadvantages of Income Tax In Country:
Benefits of no income-tax in country, what are the advantages if government stop income tax from country, is incometax is good for society, disadvantages of income tax in country. 

1. Because of fear of Income tax people make plan whole year to save tax which is not good for growth.
2. Capitalist use there savings outside the country and invest in other country which also affect the growth of country. 
3. There will be no need to make strategy to bring the black money in country and government can save too much money and manpower. 
4. There is a fear of incometax department in every one mind because of which people are not working at there level best which also affect the country growth. 
5. Many facilities are expensive because there is burden of tax on every one. 

Although it is possible that things may seem little bit expensive but overall country growth will increase tremendously. 

If people show there black money in India then it is sure that "India will again become a GOLDEN BIRD".

Now Let's See The Benefits Of INCOMETAX EXEMPTIONS in country :
If government stop income tax then no doubt the country will show good growth in very short time. There may be various reason of this-
1. Black money will come in country automatically.
2. Industries will increase which will decrease unemployment.
3. Investors will invest freely which will help in country development. 
4. If income-tax will be finished then investors from other country also take interest in our country and it will be helpful for development.
5. Rotation of money will be fast and it is good for growth. 
6. Social status, financial status will increase which is good for developed country. 

If you also have some ideas on this subject then do share freely in comment. 


Benefits of no income-tax in country, what are the advantages if government stop income tax from country, is incometax is good for society, disadvantages of income tax in country.

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