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Highlights of Interim Budget 2014 (Vote-on-Account) – What it Means for the Educated Middle Class

By correspondent

Union government presented an Interim Budget. The budget is a vote-on-account because the government seeks to Lok Sabha’s sanction (voting) to spend for immediate expenditures until a full budget is presented. Once the norms in the budget are in force, educated middle class people can get things at cheaper prices than before. Following are... »

Everybody Pays Taxes Including Those Below Poverty Line

By HIOC Team

People have tendency to think that the lower middle class people don’t pay tax at all. Even they (lower middle class people) themselves think the same way. If you ask anyone from that category whether they are paying taxes, they will be reluctant to reply, as most of them feel guilty that they are... »

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