SwirlyPretzel

Every rupee out of three but truth is 50:50:

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.

17mo ago

GroovyBoba

X (formerly Twitter)17mo

We pay first world tax rates to get third world benefits and a second class citizen treatment

Only 7 cr people pay taxes out of 140cr and 4cr out of that pay a 0 tax rate.

Tax the farmers, landlords and paw bhaji walas making 20l per yr

ZippyMochi

Stealth17mo

Ser, everyone still pays indirect tax on every purchase right from parle g to sunflower oil to property purchase

BubblyBiscuit

Stealth17mo

That is a miniscule amount isn't it?

When only 2-3% people are actually paying taxes (mostly middle income groups) it feels like we're the only fools in the country.

GoofyHamster

Swiggy17mo

Yeah, being white collared is just crazy. It's a sad day when I file my taxes

My friend is an interior designer, not too high end but still makes more than me despite me having a 50L+ pa ctc. She just does all her dealings in cash and files taxes in the lowest income bracket

ZippyMochi

Stealth17mo

She's taking on a lot of risk as well by dealing in cash

GoofyHamster

Swiggy17mo

What kind of risk?

ZestySushi

Meesho17mo

What do you mean not getting anything, The FM says Thaali 👏 bajao for the taxpayers in her budget speech this year. Aur kya chahiye?

ZippyMochi

Stealth17mo

Lmaooooo

Be careful though, if you criticise the govt too much the IT cell boogiemen will appear, chanting "pidi pidi khangress eNREGA pidi pidi"

WobblyPancake

Meta17mo

We service sector slaves are running the country basically.
These assholes with huge Bungalows list themselves as homeless.
Also love the fact that ITD fucks us over some discrepancies in tax return but doesn't bat an eye over these business owners.

JumpyPretzel

Stealth17mo

Recently they have started sending noticed for 10 yr old ITRs. I am worried about 3 yr old ITR for which they had sent a notice once but I duly ignored it. The notice was for a discrepancy of missing out mentioning FD interests, I just slept over the notice…

PeppyNugget

Tavant17mo

What is stopping you from paying tax which is due from you. Now it is online, pay the outstanding demand if you had not shown the interest earlier.

ZoomyPotato

Stealth17mo

India really should move more towards indirect taxes(consumption driven) more and gradually eliminate income tax. Income tax should only be for HNIs.

ZoomyPotato

Stealth17mo

That eliminates the need for constantly monitoring people for taxes to a great extent.

FuzzyDonut

Stealth17mo

Right now we have both. High indirect taxation and high income taxes

SwirlyPretzel

Stealth17mo

@Elon_Musk couldn’t understand the zero tax rate?

SqueakyKoala

Dream 1117mo

He means people that filed tax returns but their taxable income is 0. So they don't have to pay any tax. Eg if your salary is below 6 lac

GroovyBoba

X (formerly Twitter)17mo

0 effective tax rates basically after deductions there total tax comes out to 0.

SillyBiscuit

Stealth17mo

I used to crib about the same until I realised that market pay automatically adjusts to compensate for tax rates. If taxes were lower or the government was providing healthcare/education salaries would have been much lesser. Just Compare the salaries of Europe vs that in USA and see the difference for yourself.

As for what you get all the rail, roadways, military budget, airports and a lot of other public infra is built using the money.

Obviously things can always be better and there a lot of leakages especially in businesses in unorganised sector, and my blood also boils looking at those but not much one can do about.it.

ZippyMochi

Stealth17mo

Agreed. People take so much for granted. It's not the best but it could be much worse too.

BubblyHamster

Stealth17mo

Complaining won't help as such. I would recommend starting some form of business because then you would be taxed on whatever is left after you do your expenses on the other hand as an employee you r taxed on your income and then you do your expenses on whatever is left.

SwirlyNoodle

Stealth17mo

It is what it is. Either become a politician and change this or live with it or move to Dubai/SGP.

Developed countries have even higher taxation but yeah you get free stuff

SillyDonut

TCS17mo

Party bnao taxpayers ki

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I don’t know how. But can you make a thread when you figure this out Virtual hugs 🫂 in advance

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