Non taxpayers can also comment how to avoid paying taxes
With average real inflation hovering at around 8-9%, the maths is simple.
65 lakh * (1.09)^5= 1 crore purely if i factor in inflation
The doubling number is likely this group+ the COVID peak hiring spree
Where is this real inflation of 9%. 9% inflation means things doubling in 8 years. That looks too high. I think it's closer to 6%, so doubling every 12 years
Inflation means costs go up but not necessarily wages, salaries or income. In fact, we've had a wage stagnation issue a couple of times over the last 5 years.
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!
I paid 43L last year. 😤😖 It feels like I own every inch of new BLR airport. 😅
I am salaried & have opted for new tax regime. I have zero liability (no EMIs, etc). Closed both my home loan & car loan. I live in my own house.
My yearly tax comes out to be around 12 Lakhs. I want to know if there is a scope to save ...
