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|15th May 2007, 21:13||#16|
Join Date: May 2007
Technically, I think the income tax subsidy itself is supposed to be subject to income tax. I.e., if MLA earns 3 lakh as salary, tax is 1 lakh (approx.). So he gets 1 lakh from the state to pay his taxes. But the 1 lakh is taxable, too, so he's supposed to pay 33,000 or so in tax.
It'll be a cold day in hell before anyone does, though.
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