https://www.linkedin.com/posts/connectwithrahuljainincometaxindiaactivity72083339050016727052d0g

https://www.linkedin.com/posts/connectwithrahuljain_income-tax-india-activity-7208333905001672705-2d0g

Dude posts about tax burden on Indians, gets homework assigned

Founder

Dude posts about tax burden on Indians, gets homework assigned- Grapevine

This really hit to core

We pay first world level taxes for a third world social security with 0 benefits.

Consultant

Indian Taxpayer

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

Why do people keep ranting about income tax

Oh, I thought this must be some smart argument, the moment I read “difference between you & the office boy is the household…”.  
  
 No bro, it’s no so simple. People work hard to make a living. People crib about taxes because some of us are paying ‘first world rates with third world facilities’. Only single digit % of population is bearing the load of rest-of-population. Even corporate tax rates are < Salary tax rates.

Product Manager

Software Developer

Welcome to Software Engineers's Private Community

Anyone has an idea on how taxes work if you're working remotely for a foreign (say US) company. Is it like you are taxed both from the US and India? For those who are working in such companies, it will be great if you can shed some light here.

Remote US job, Indian Tax + US Tax

Software Engineer

Those who are earning more than 50lpa base how much tax do you end up paying? 😶‍🌫️

Tax on 50lpa+

Welcome to Personal Finance's Private Community

Alert: a rant post

Today I saw my payslip after a long time and WTH! I don't know what they'll take once bonus comes in. Paying this much for no water, bad air, corrupt babus and all those douche things.

As much as patriotic I am, this is just insane. On top of this add all the GST and sheet ton of other indirect taxes.

Living in India and paying like Europe. Wow!

Duck the government

Earning around 50 lpa at 24 is already a great feat. Still if u want to look at the dark side, nobody can help. This rant is more common than diabetes. Yet people will stress about same thing and rant to destress. Endless cycle. Either do something about it or bring some new perspective. P.S. I am in alignment with ur rant but I’ve made peace with the state of affairs as I am not looking to move out of India and I cannot strong arm govt. individually to change this.

Senior Product Manager

Welcome to News Discussion's Private Community

Cash Rich Indians

How to save income tax when you for a US based startup and pays you in dollars?

I’m not talking about companies like Meta, Google or companies that have their branch offices in India. Even Turing has registered India entity to pay employee salaries.

For example, take Miro. They have offices in Amsterdam but they don’t have a registered entity/office in India. Can companies like those hire Indian workers and make them work remotely from India?
If yes, how would they pay salary? They won’t have official payroll here and without a registered entity they can’t pay PF. How does this salary thing works in this case?
And do we have to pay taxes for both the countries?

Reason for asking: I was watching “Silicon Valley” and there was an episode where Pied Pieper hires 3 engineers from India, Pak and Europe without having any official offices in those country. How would they pay their salaries?
Also, read somewhere on Medium that few people are working this way and getting paid $ equivalent of their salaries. If anyone knows anything about this kindly share info on comments.

Can a foreign company hire Indian employee to work remotely?

Analyst

Seems a valid calculation to me.

You can refer to it probably next time when you are discussing pay or pay raise.

The og author has calculated like this:
'This is almost the best-case scenario without the variable component.

12% PF deduction and 50% basic salary is considered for calculation.'

CTC to In-Hand CheatSheet

Software Test - QA

I'm a software dev contractor and I'm working for 2 companies, having a total income of 50L per annum. 

when I consulted a CA, he mentioned that I'll have to pay 18% GST (since business income is over 20L) and will also have to pay 30% income tax. 

i understand taxes are important and all, but I'm so not willing to give 6 months of my hard work to the government. 

can anyone please advise me on what to do to save on taxes

paying 48% tax. need a CA's advice

This post i got it on other apps its not me ?
But i searched here didnt saw .
So posting for just some advices

Kya kehenge aap inko  ?

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

And now if someone isn't paying taxes because of such disgusting website, will be paying visit to income tax office for next 4 weeks. Seems like tax evasion is the only choice left.

Also I think there are many individuals who can make better website than infosys. Idk why govt is still offering them tenders. Infosys is like Nirmala sitharaman of Indian corporates. Incompetent.

Govt is so unreliable that they can't even loot us properly. You're taking so much taxes atleast make better website to collect it.

One thing for sure BJP is doomed now.

Now income tax website isn't working 🤐 they can't even loot us properly

Product Owner

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!

Paying 29L as tax this year!!

I paid 43L last year. 😤😖 
 It feels like I own every inch of new BLR airport. 😅

Engineering Manager

Welcome to Office Gossip's Private Community

Hey everyone, 

Thought of creating a daily post where we all can hang around and talk just about anything - without having a specific topic to discuss. 
Think of this like the Watercooler at your office. 

Look forward to hearing from y'all :)

Daily Watercooler (13th June)

The hiring scene is so bad RN man, and why tf every company I get offer to seems toxic af as per the current and ex employees. So tough to find the right ones

Welcome to Moving Abroad's Private Community

I am working as software engineer at FAANG. I pay ~1.25L income tax per month. It pains me a lot. Since being general class male, I never got any benefit from but these govt is looting me. There are many small shopkeeper, landlords, farmers who earn more than me but none of them is paying tax but here I am paying such huge tax like loser. What should I do? Should I move abroad where even though I will still pay 30% tax but still I will have more money than being in India, or should I open a shop like of clothes, or chai?

Dude posts about tax burden on Indians, gets homework assigned

Discover More

Misc on

by Karilyn Dean

Stealth

This really hit to core

Memes on

by Anise Carmden

Others

Indian Taxpayer

Misc on

by Jordon Carmden

Stealth

Why do people keep ranting about income tax

Software Engineers on

by Dezi Nadeen

Slice

Remote US job, Indian Tax + US Tax

Software Engineers on

by Dezi Lee

Zepto

Tax on 50lpa+

Personal Finance on

by Anise Lee

Stealth

Duck the government

News Discussion on

by Matilda Gabriel

Deloitte

Cash Rich Indians

Personal Finance on

by Jordon Gabriel

Stealth

How to save income tax when you for a US based startup and pays you in dollars?

Software Engineers on

by Anise Lee

Early Stage Startup

Can a foreign company hire Indian employee to work remotely?

Personal Finance on

by Isaiah Lee

Stealth

CTC to In-Hand CheatSheet

Personal Finance on

by Kendall Lee

Startup

paying 48% tax. need a CA's advice

Personal Finance on

by Kalan Lee

Mahindra & Mahindra Ltd.

Kya kehenge aap inko ?

Personal Finance on

by Jordon Lee

Uber

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Misc on

by Dezi Gabriel

Self Employed

Now income tax website isn't working 🤐 they can't even loot us properly

Personal Finance on

by Matilda Taye

Stealth

Paying 29L as tax this year!!

Office Gossip on

by Kendall Hyrum

Grapevine

Daily Watercooler (13th June)

Moving Abroad on

by Jordon Olive

Amazon

Should I move abroad?