Financial Daily from THE HINDU group of publications
Tuesday, Feb 22, 2005
Financial Daily from THE HINDU group of publications Tuesday, Feb 22, 2005 |
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Opinion
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Letters Taxed repeatedly
Income-tax payers have to pay a 2 per cent education cess on the income-tax paid by them. In addition, service providers such as insurance companies, courier services, auto services, and photo printing services — in fact, all those who charge 10 per cent service tax — also recover this 2 per cent cess from their customers. Thus, income-tax payers end up paying this education cess many times over. Even their children and wives who have no income but use these services end up paying this cess. Do not these service providers have an obligation to support society's literacy drive? Why cannot these service providers pay the cess themselves instead of passing on the same to customers? With the Budget round the corner, will the Finance Minister look into this equity aspect and spare the tax-payers from having to pay the education cess several times over? T. T. Krishnan Mumbai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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