about income tax

I believe that individual income tax can be dropped in Bharath. Salaried class is the only class that files the returns sincerely. This can be replaced with a transaction tax as proposed by many economists.

Disadvantages of current tax system:
1) only employees are the major contributers
2) It burdens 3% of sincere tax payers
3) other classes escape this model

Advantages of Transaction tax:
1) All the citizens will be paying tax based on their consumption power
2) we will get more income
3) corruption can be curtailed