Nah, you can’t justify that to your investors. Let big tech do it

Software Developer

As a startup founder, would you donate to the ruling party to influence the policies and get government projects?

Welcome to Indian Startups's Private Community

Donation to ruling party

Software Engineer

Donation to ruling party- Grapevine

Welcome to Personal Finance's Private Community

Hi everyone just want to know does donation thing worked for u in saving tax especially to current running govt ? Recently heard people are being asked regarding the same ? I dont hv to worry about this now but will hv to in upcoming yrs .

Tried donating to political party ?

Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes

For High earners of India only

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

Percentage of Total CTC did you pay in tax ?

Analyst

What are the ways to save taxes if you are earning more than 60+LPA?

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. 
  
 For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc 
  
 It’s a pretty good position to be in - just explore I’d say

Strategy & Operations

It’s so painful to see the amount of money I end up paying on the name of tax. Presently doing  - 1.5L of LIC and pf + 50k NPS + HRA. What else can be done? My CTC is 55LPA.

Ideas to lower income tax

Product Manager

Sharing my experience: I am a founder of a small startup where I am the only employee. Recently, I received an offer from a head of another start up asking for money in return for work. I immediately refused due to business ethics. I work in life sciences sector. Sad that people curse politicians and they themselves stoop to lows for money.

Kick back offer culture I start ups. Is this prevalent in India.

Medical Expert

So, I am an analytics guy with almost 5.5 YoE under my belt. My latest transition was to Phonepe that I made this year (feeling shitty here already, given the kind of work creating almost no impact)
I saw a post on LinkedIn where the CEO of this startup recently raised some pre-seed funding (~1.5mn). Since I was following them for almost 6-7 months before this, I reached out to the founder on LinkedIn. 
We first had a virtual call where we got to know each other and after that discussion, he called me over to his place where we further talked about the idea, the scope and the future while also discussing what I could bring to the table. Post that, we met again, and this time with the other co-founder who deep-dived a slight bit into the tech stack that I had worked on.
It seems that all is going well, but the founder, in the first face to face meeting told me that for the time being (for almost the next 3-4 months), he'll be able to pay me a monthly amount which is less than half of my current in hand pay, post which it'll be reviewed and adjusted accordingly. How do I negotiate this now? Also, since the team size is super small (only 5 full time folks and one customer support part timer), how do I negotiate on what equity I take (looking for a benchmark number here)?

Joining an early stage startup - Need guidance

You can buy electoral bonds and pay No income tax as salary man, just donate your bond money to RUPP Regional Unrecognised Political Parties. Since 100 percent political party donation is tax free, no tax for donated money. They will return your money with a small cut and viola. No tax.
What are your thoughts on this? 🌝🌚

Pay Zero Income tax forever ♾️

Startups turn big only if the are solving a critical problem or adding a lot of value in our lives. It seems most of the problems faced by rich and upper middle class folks are already solved. We are left with lower middle class and poor people but most entrepreneurs don't address their problems as it's difficult to create a profitable business catering to these people who have very little disposable income. Thoughts?

How to build a sustainable startup to help the poor?

I work at this startup and tomorrow is working for us despite it being a compulsory holiday… today the founder mentions there’s something important and thus we are working! Wtf

How can this be reported anonymously?

Election Day = Working day

Business Analyst

𝘄𝗵𝗲𝗻 𝗮 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗿𝗮𝗶𝘀𝗲𝘀 𝗳𝘂𝗻𝗱𝘀, 𝗶𝘁𝘀 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝘀𝗰𝗮𝗿𝗲𝗱.

Investor

I see so many folks complaining about status quo around where they work. Very curious to understand what are your expectations from a startup and the founders. This may help us get what we want from startup founders here.

In the comment, highlight what you want and what you're willing to give.

What do you want from a startup?

Growth Manager

Welcome to News Discussion's Private Community

Another startup that could have been something had it not been for the bull market and Tiger investing unnecessarily. Over $66Mn raised, and now it's over.

Koo is shutting down

Copy cats. App should have been called Poo

Data Scientist

Founder

In the ZIRP era,

Startups: Join us, you will get a 50% hike.

BJP: Join us, corruption cases against you will be dropped and will be rewarded with an LS seat.

Congress: Join us, switch to other parties and earn crores. 

AAP: Join us and get escorted to the prison.

ZIRP politics

So finally, someone spoke about this fraudulent startup AstroTalk. How they operate and how they take advantage of gullible people, is completely explained in the video. These kinds of startups need to be busted on LinkedIn and other social media platforms so that no one calls prey for such cheap tactics. This is just another BYJUs in the making. The cofounder is an IIT IIM grad. Shows how greed can even pollute the minds of even highly educated people. Really don't understand how the VCs can be so fucking dumb, funding them with 165 Crores!! Shocking but it isn't surprising since the Indian Startup ecosystem is filled with such scam artists.

Scam called AstroTalk - BYJUs 2.0

Jab tak hum jaise log IIM/IITians ki G chaat te rahenge tab tak ye hume chutiya banate rahenge. 4 din baad tum chutiye sab bhool jaoge fir kisi naye IIT/IIM led startup ko linkedin par praise karoge jab tak wo bubble itna bada na ho jaye ki use criticise kar pao…fir kisi anonymous platform par aajakr “OMG SO FUCKING DISGUSTING” bold doge kyuki linkedin par to tumhari gaand thandi ho jati hai kisi ko criticise karte hue…aur ye cycle bas chalta rahega…so moral of the story is, tum hi log chutiye ho wo nahi.

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