Thursday, July 11, 2013

Pointless differences makes an unhappy tax payer

I discovered yesterday that the salary for government jobs is computed from March to Feb instead of the financial year - April to March.

It doesn't seem like a big deal, except that I had included the March salary in my tax return last year. I had ignored examining the Form 16 as no tax had been deducted for the few months I had taught.

This year's Form 16 included the March salary as well and tax deducted. So, I will have declared one month's salary twice and paid tax on it twice!

I don't think it is the extra tax I am paying  which bothers me. Rather, it is the inconsistent rules which make it easy to violate rules and, thus, creating the fear of bureaucratic hassles. Effectively adding needless anxiety and tension.

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