Government to Confiscate 2 Months of your Salary as Demonetization Tax
In an unprecedented move, the government of India has decided to take 2 months of gross income of every salaried person towards Demonetization tax.
This money would be used to compensate for the loss of business and economy of the country due to demonetization.
The government hopes that people would not mind this additional tax as it will eventually be for their good.
In all fairness, no one is exempt from this sacred duty and would include pensioners and low-income families also.
At the moment, it is planned for only 2 months but may extend to up to 6 based on need.
Employees need not worry about standing in queues or depositing, for the convenience of people, the money would be auto deducted along with TDS.