Hi Mr. Modi, This is regarding the income tax paid by salaried person. We are following the old income tax regim as we are hvaing all the saving done for long time. We are not seeing any major change in last 15 years. Expenses on medical, studies has gone up by more than 300% and our salary has not increased in that ratio. 25K for medical insurance is very less if we see the current medical requirement, for Parents its 50K, which is also very lesss ( for single parnet, for 2 Lac cover, we need to pay 35K, just think.). Extempt on home loan is also 2 Lac/year. Now a days buying a 2-3 BHK in metro is more than 2-3 Cr. what benefit we will get with these 2 Lac. 80C braket is only 1.5 lac for so many years. Slab rates are also very high for salary more than 10Lac is 30% which I think should be reworked. This is a pain for all salaried person. SO, please look into it.

I am hereby attaching a PDF of my suggestion

1) 10 वर्ष तक के बच्चे एवं 50 साल से अधिक आयु वर्ग के सभी नागरिक को आयुष्मान कार्ड योजना का लाभ मिलना चाहिए। यह वरदान है जीवन बचाने में। 2) 50 से 70 आयु वर्ग के सभी लोगों के लिए एक कम प्रिमियम बेहतर परिपक्वता रिटर्न साथ ही अपंगता, घातक बीमारी,एवं मौत होने पर बीमा का अच्छा रिटर्न मिल सकता है ऐसा बीमा पोस्ट ऑफिस के माध्यम से लाया जाना चाहिए। इस आयु वर्ग के अधिक से अधिक लोगों को इसका लाभ मिले इसे ग्राम पंचायत स्तर पर सुनिश्चित किया जाना होगा।

GST: An online platform may be developed to allow customers to verify whether the GST collected by a merchant, as stated on the invoice, has been paid to the government and to report if not paid. Currently, merchants collect GST from customers, but there is no transparency for customers to confirm whether it has been remitted. By enabling customers to report discrepancies, the government can reduce GST evasion. To encourage citizen to utilize this, Govt. may declare prizes those who are verifying and reporting. This initiative is feasible given India’s advanced IT infrastructure.

As an Ex Banker ,my PPP is ready on How to raise Rs.100 lakhs Crores in next five years to finance our country’s infrastructure Projects in all industries like Agriculture, Roads Highways, Ports, Airports, Ports, Railways Social causes like Swachha Bharat Abhiyan, Cleansing of Rivers and alike,  yes Inter linking of Rivers too . The main feature of this is that the funds can be made available @just 4% or less instead of Banks’ MCLR Interest@ SBI’S current MCLR is @8.75% for 3 years, since 15.07.2023. This in itself, can save a significant savings on Interest Payments by the borrowers, making them more economically viable. (Rs.95000 crores, per annum can be saved on Interest Cost alone if MCLR is @8.75%), If Rs.20 lakh Crores funds R disbursed for Infra projects per annum. in Banker's terminology this project is legally implementable, Technically feasible& imp. economically viable. Given an Opportunity I will b happy to participate in a Q& A session with Govt Officials to clear doubts

Tax: It is suggested to eliminate Personal Income Tax (PIT) and replace it with Bank Transaction Taxes. Currently, only salaried individuals regularly pay PIT due to the lack of an effective monitoring system which is detrimental to the Indian economy and social harmony. Currency: It is recommended that the ₹100 note be established as the highest denomination of Indian currency. This step would significantly support efforts to eradicate black money.

1-Middle Class@30% Income Tax slab,continues2B negelected, badly needs relief.Either bring it @par with Corporate Tax rate or2avoid Big Tax Loss,GOI can bring both@par by levying28% on both of them.Income Tax Act loopholes must b plugged 2- pl prevail on GST council to form a consensus to spread d slabs in 2%,4%,6%,8%,10%,12%16%20%&24% with unambiguous categories 4its eligibility.GOI can bring Petro-Products in GST,if All state Govts r promised reimbursement4loss of revenues+1% P.A hike2,Inflation will fall. 3- Tax2 Sports Bodies (income Rs20686 cr,)Political Parties too exempted. Why GOI is so reluctant even to form a committee2study& recommend if found justified,2plug all undeserving Tax exemptions given2ALL those,who can afford2pay. 4- All Disbursement made by All Trusts, Institutions, Organizations to any one should be taxed with non refundable TCS @1% except Amt disbursed to meet Natural calamities (State/ Centre approved)& Hospital treatment in Govt approved hospitals. +

1)Focus more on tourism sector which is underdeveloped and has the potential to attract more foreign tourist especially to places in north eastern, north and south parts of our country. 2) Promote the ayurvedic style of living which is widespread across kerala and promote it as a retreat place and attract foreign tourist 3) Since our country offers cheap medical service as compared to other country also promote our medical facilities which will attract more foreign patients into our country 4) Promote manufacturing 5) Ink deals with friendly countries to promote trade in local currency thereby internationalising our currency

Jai Maharastra

Small River Recycle in Every GRAM Panchayat of India by NAREGA