Killing me softly

Thats what the budget for the year seems to be doing.

It seems to be telling that you, a middle-class salaried person will not be affected, but look closely and you will find that it is going to hurt.

Of prime (dis)interest to me is the introduction of 'Service Tax' on leasing of immovable property for commercial purposes. This means that the cost of commercial real estate will increase and companies will have to compensate this loss by cutting down on salaries raises. Salaried people always bear the brunt.

Why cant the service tax net be increased and the rate of income tax be reduced. This would definitely get in greater revenue and ensure a more equitable distribution of tax liability in general.

Lets begin something where tax can be hidden - a self-owned setup... a startup... waddaya say!!