Friday, December 02, 2005

TDS ... Tedious

TDS (Tax deducted at source) rhymes with TEDIOUS; Coincidental? May be, but truly it is tedious.

Salary is supposed to be Salary rite? But it actually is not. Basic salary, Gross salary, Net salary ... ooops, i forgot the allowances HRA, Medical allowance, travel allowance, "other special allowance" and other terms that you might have never heard of could come and suck out your salary and WYSINWYG (What you see is not what you get). You never know how money comes in and goes out. Which allowances you are eligible to avail completely or partly or not at all; you never know. Your joining letter would show you a salary which will make you feel proud. But what you get ... ok let me not describe it. Want to hear a few other terms? Here it goes ... PF (Provident fund), Professional tax (One more tax!), Investments (declarations and actuals!).... all sorts of complex terms and finally .... I dont get my full salary.

And Tax ... out of my income a part goes to the government. I hope i understand it is my duty to pay tax. But hey you are taking out my money( I am speaking about TDS)... let me atleast understand how and how much of it is gone. Things are rather too complex with this system ...

I WANT MY FULL SALARYYYYYYYYYYY!!!!!

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