Top creator and tax free farmer. 
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Software Engineer

Feeling like farmer 🧑‍🌾 and farm income is tax free 👻

Feeling like farmer 🧑‍🌾 and farm income is tax free 👻- Grapevine

Welcome to Personal Finance's Private Community

Passive income adds up to the salary and more tax being deducted.. Examples of passive incomes are interest payout of bond or dividend payout.. Any good strategic ideas pls share.. Will be helpful. 

TIA

What is the best way to manage taxes of passive income?

Welcome to Software Engineers's Private Community

IT is losing its Shine in India 

Earning and fully saving full  25-35k at home town is better than making 65 k in some Popular  Ultra Rich Indian  City 

Where Future Looks Bleak 
Where Farming, Fishing , Green Energy Giving Bootstrapped Startup and 💰 Minting Opportunities

With It it's even difficult to reach 1 Cr 
Over Farming seen people reach there easily with Exports or Just Normal Indian Market 

What's ya all planning?
After AI takeover 
Following is the AI generated pic Mobile Mode with Midjourney

Me after watching Nikhil Kamat Podcasts " Leave IT and Work for Green Energy Startup " When AI Takes over

What are the innovative ways to save tax on your salary?

Tax Filing

Product Manager

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 taxes continuing with zero liability. I would not mind appointing a CA but I have no idea how to choose the best CA.
1. How much does a CA charge annually?
2. Is it really worthwhile to have a CA given the above?
3. What are some questions I must ask the prospective CAs so that I can assess their capability?
4. Salaried people that have already appointed a CA can share their experiences.
5. Is there any off-the-shelf ideas I can get here to save taxes?

Need help choosing a CA to save taxes

Software Architect

Welcome to News Discussion's Private Community

Rich farmers should be taxed. Although this will never happen in this country.

Founder

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.

Software Developer

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

I have around 4-5cr worth of ancestral land, it’s in a village in UP and the value hasn’t been appreciating much. 

I’m thinking of selling it and investing the money to create a regular monthly income, has someone who has done something similar share any advice?

Investment advice

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

Earnings bracket wise

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 Banking & Finance's Private Community

I have few question related to agriculture land. I am from NCR.
1. How can you buy agriculture land? Can anyone buy it?
2. What’s the pros and cons of buying agriculture land?
3. Can you get a loan on agriculture land from a decent bank?
4. What are the profitable things, you can do it with agriculture land?

Agriculture land

Let's tax the basterds!

Business Analyst

According to a 2012 RTI filing, there were 8 Lakh people with more than 1 Cr in Agriculture income, who paid ZERO taxes in India.

[1] 1% farmers in India own more than 10 hectare of land. And, they are by no standards poor.

And, as per a paper by the erstwhile Planning Commission, if we could tax even 0.04% richest farmers, it would generate 50,000 Cr of tax gains.

[2] This money is enough to run the MGNREGA scheme for a year.

This post is not against farmers. 
It is about getting the rich to pay their fair dues.

[3] It doesn't make much sense why a normal corporate employee making 25K/month should be carrying the burden of taxes for Crorepati farmers. 

Widening the tax base would not hurt the government's revenues. 
And, it would improve the life of a normal tax payer. 

But, guess how many political parties are talking about it?

Feeling like farmer 🧑‍🌾 and farm income is tax free 👻

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