Income tax vs it's return from gov
In India people who are earning beyond 70 lpa. They tend to fall under the high tax bracket which involves surcharge on tax too. Which could level up their tax too. Now is this tax worth it when compared to what tax payers get from the govt? Total tax % could really be higher for an individual. Given the tax %, would it be wise to consider moving out from India for better value for tax? Now this tax is considering after exhausting all the tax savings sections and FBPs except the political donations. Genuine answers only. Coming days I would be asking a few more tax related questions.
If u think of leaving this country just to save tax...
Move fast ⏩
Nation doesn't need u!
PS- https://www.quora.com/Why-did-Aviral-Bhatnagar-choose-to-stay-back-in-India-when-he-couldve-led-a-more-luxurious-life-abroad
Anise Lee
Stealth
10 months ago
thanks for schooling me.
Btw did you understand the question? Did I mention that I want to move out?
Did you understand the last but 1 line?
If not then read it carefully and then answer it.
For goodness, stop quoting a third person self appraisal post.
BS:1 Answer :0
Kendall Olive
Stealth
10 months ago
Very legitimate feeling! I have been pondering on this for few months. Moving out would have made sense for me in early stage of life where I had flexibility of time and responsibilities.
Currently I feel after exhausting all tax saving options is to think about setting up your own side venture by starting small and taking calculated risks. It also helps keep your thoughts forward looking when you precisely know moving out cannot be an option unless the opportunity is multifold.
Again the thought of getting the quality of services for the tax you pay may not be good for your mental wellbeing as the grass seems to be always greener on the side!
Sure this is a problem here but let me tell u that if u move out, u’ll discover that other nations have different problems. Just a small e.g. where there is free healthcare, u’ll not get appointment with a specialist for a long time. Anyway, js keep an open mind.
Coy Lee
Stealth
10 months ago
Get a contract job
Blair Carmden
Stealth
10 months ago
Contract jobs are good. Definitely makes sense for an individual with good calibre.
This would definitely help someone with a high salary to save more taxes.
