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INCOME TAX

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According to available information only about 82.7 millions people are paying income tax in India. This works out to 6.25% of the population. In USA this is 45% of the population. It may not be that the remaining 83.75% of the population are not liable to make IT payment. Also there could be other reasons to avoid IT payment by at least some more Indians. The gross collection before adjusting refunds of Income Tax in India during 2022-23 is Rs 19.68 lakh crores. If the income of an individual in India in a FY is Rs 1.01 cr, he has to pay a sum of Rs 32,68,875 as IT including surcharge of 15% of the tax amount. The existing tax rate, under optional tax regime scheme, is as below. (The rate shown below are of 2022-23) Upto 3 lakhs -  0% 3 to 6 lakhs   -  5% 6 to 9 lakhs   - 10% 9 to 12 lakhs - 15% 12 to 15 lakhs- 20% Above 15 lakhs-30% Countries with highest rates of income tax are: Chad & Ivory Coast- 60% Sweden - 57% Denmark - 56% Austria - ...

UNBELIEVABLE COINCIDENCE - TWO ACCIDENTS

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Neville and Erskine Ebbin , two brothers died at the age of 17 years in  taxi accidents. The chilling part is that both of them died  in the span of a year, when both were riding the same moped. What is more surprising is that Erskine's accident occurred by the same taxi that killed Neville. And guess what, the taxi driver was the same man who killed Neville. Unbelievable, but true. The news paper clipping is shown above. All that are happening around, it seems, are not haphazard but pre-set and well timed!  We may find so many 'same' in these two two different accidents! K V George kvgeorgein@gmail.com

DO POLITICIANS NEED EDUCATION ?

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(Jawaharlal Nehru University New Mehrauli road, New Delhi. Image courtesy, Times of India) Articles 14,15,16,17 & 18 of the Constitution of India prescribe equality to all and this equality make any Indian citizen, even if one is illiterate, to become a Minister of any department and lead the people. As per this eligibility provision, an illiterate can become a minister of education and one who has no knowledge of law can become a law minister and advise the lawyers and judges.  The prime reason for this is that 140 crores Indians do not respond to anything that happens around them and they have no opinion about anything at all. They receive anything and accept with no resistance. Again there is a cause for it and that is lack of education. It may be surprised to find that seven decades after independence only about five percent of our population are graduates and about one third of the population are below primary level of education (the exact figures may be checke...

ASIAN GAMES 2023; HOW IS INDIA'S PERFORMANCE?

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Image courtesy - Hindustan Times  The final medal tally of the Asian Games 2023 at Hangzhou, China. (Gold, Silver, Bronze & Total) China 201 - 111 - 71 : 383 Japan   52 -   67- 69 : 188 S Korea 42 -  59- 89 : 190 India      28 -  38 - 41 :  107 Uzb-stn 22 -  18 - 31 :   71 We Indians are proud of our record breaking performance in the Asian Games. Is this an appreciable performance? I may prefer to say it a deplorable attainment. China has bagged almost four times of medals received by us. In gold alone, when we got 28 they could get 201. Both countries have more or less same population to pick from. Chinese are not born athletes or talented in sports by birth . They train their people well in time and then send to the games venue. Most of our people have no set goals. Just send for the games; that's all. In the athletic disciplines, how many of our athletes have reached the bronze medal level of the p...

WHAT MADE KERALA TO ADOPT COMMUNIST PARTY

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(A still from  KPAC drama   "Ningalenne Communist Aakki". Image courtesy, The New Indian Express) Karl Marx was born in Trier, Germany on 5 May 1818. His books Das Kapital and Communist Manifesto laid the foundation for Communism in the world. The world's first constitutionally formed Communist state was in Russia in 1917. With the amalgamation of other  territories of the empire the former Soviet Union was formed in 1922. Altogether Communists could rule 42 countries in the world. Only Cuba, Laos and Vietnam are presently ruled by the Communists. Though North Korea is said to be a Communist country, what is prevailing there is Dictatorship. Political parties have no role to play there. Similarly China is also treated as a Communist country by some. Though they call it People's Republic of China, since people have no role to play there, it is a sheer Monarchy type government in China. Since over 70% of their GDP belongs to private sector and s...

IDI AMIN, FORMER BRUTAL RULER OF UGANDA.

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Idi Amin ruled Uganda as a military dictator from 25 January 1971 to 11 April 1979. He was the third President of Uganda. He was leightnent in the British army and became the self made Field Marshal of Uganda. He entered into power by a military coup and after eight years he was over thrown. During his regime he eliminated his political opponents and their ethenic groups, resulting in the death of one to three/five lakhs people by brutal killing. Amin was 6.ft 4 in' tall and a well built one. He was heavy weight boxing champion, a swimmer and a rugby forward. Idi Amin was born on 30 May 1928 in Kampala, Uganda. He had 43 children from about  six wives. Soon after he took charge he removed over 50,000.Asians - Ugandans from the country and that severely crippled the economy of the country. He maintained a secret police force and death squads to create horror among the people. With no reluctance he killed religious leaders, journalists and judges. He killed the Anglican A...

EDUCATION IN INDIA

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Economic development of a country and prosperity of the population is solely depends upon the level of education of the people of the country.  After the first five year plan, the 10th five year plan (2002-2007) mainly focused on education. Since then overall pattern of educational development has been on set route. No one has seemed to have reviewed the progress of education in our country. Now we cannot boast about our educational standards. According to the survey report published by www.bestdiplomats.org the following countries are on top of the world in education standard in 2024. (The figure shown in the bracket is the territorial educational standard) South Korea (97.9%) Canada (66.36%) Japan (64%) Luxembourg (63.12%) UK (57.47%) In literacy rate the above countries are around 99%. As per Legatum Prosperity Index, India ranks 99 in 145 countries in the education sector. Projections for 2024 on our literacy rate is suggested 80%. As per the available information t...