Budget

Every year we work for almost 3+ months ONLY FOR GOVERNMENT. It really hits hard and an eye opener as we barely get anything in reverse.

Bro, you are earning. Shouldn't you just be grateful that you are not born in war torn Afghanistan or disease ridden Africa. I mean life could be so much worse. In fact, the only difference between you and the office boy is the household you were born in. If that office boy was born in your home, he probably would be as successful as you. You already won the lottery. Why not just do your part and pay the income tax so that the tax money can be used to provide a better life to those who are unprivileged. I am not excusing the corruption in the system but just find the cribbing unbearable Just be greatful

I still can’t comprehend the tax system in India. We pay almost 30-33% tax to govt n pay gst of 10-18% on every product that we buy n not to forget exercise duty on petrol/ diesel. What do we get back in return? Health insurance nope! Free education nope! Not even decent interest rates on loans and any political party is just an other party which loots people in the name of democracy. My neighbour is a fruit vendor who holds multiple stalls but never heard him paying tax. Whats the way forward as no political party pays heed and only handful pays the tax.

I just want to vent out! Many businesses are earning double than me and paying less than 50% of tax and yet here I am as a professional bound to pay tax. And that’s not enough, I still can get audited!

Now it is fetching your savings account, fixed deposits, mutual funds, stocks everything. Earlier these details were not fetched and we could just hide those earrings from the IT portal to pay less tax. Now we need to pay those extra tax too 😡 this year I had to pay 17k extra tax due to this.

Is this legit? Read this today https://www.cnbctv18.com/personal-finance/itr-income-tax-return-filing-penalty-200-jail-fake-rent-receipts-donation-false-deduction-17399691.htm Why do tax payers bear all the burden?

I have seen most of my friends and people are in tech always oppose the current Government. I agree, that current government is not great. But at same time, supporting parties like Congress doesn’t makes sense. Genuinely curious why people think current government is not doing good? I have seen road & rail infrastructure getting improved, defence budget being increased, government making investments in R&D, privatisation of government sectors, making existing processes efficient, and much more. Even the farm bills were good, now what is happening all the middlemen are making money. Communal riots have increased, but I don’t think the government is responsible, it’s people who ignite these riots. At last, why you think current government is not doing good?

It's scary & unfortunate that almost all state govts are giving out free money now. And most of the freebies are biased against Men Left-wing and Right-wing political parties, both have now come together in support of socialism. If you know economics, you would know that someone at some point has to pay these debts. You can't take debt forever. What we're doing is dangerous for India's future generations.

I work for an MNC now. Not too high not too low salary. I have 7 yoe and I'm thinking of moving abroad considering the shit show of facilities vs taxes here. Any advices?