Compulsory Deposit Scheme, 1974

1 min read

In 1974, every taxpayer had to deposit 4-8% of income with govt

Who was Chief Economic Adviser then?

Dr. Manmohan Singh

Btw, top tax rate then was 97%

So essentially tax rate was ~97%+8% = 105%

Congress has done it twice in past and will do it again.

Remember THE COMPULSORY DEPOSIT SCHEME ACT?

So dear Hindus u can keep sleeping or go on vacation, and crib of Middleclass tax which is lowest today but if Congress comes, ur Taxes will finish you forever

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