Lol . The poor infra development has nothing to  do with the tax collection. It's mostly about how the government deals it.

Lol true, either give me lower tax collection or better infra, hope it gets better

Software Engineer

This year we saw 57 lakh new tax filers, a 21% increase from last year and a huge recovery from the covid years.  Could this mean within the next decade our tax base grows to the extent that we wil...

Welcome to Personal Finance's Private Community

This year we saw 57 lakh new tax filers, a 21% increase from last year and a huge recovery from the covid years.

Could this mean within the next decade our tax base grows to the extent that we will have better infra development, basically addressing the complaint of people in india that they don’t get much in return for the taxes they pay?

Tax base is growing steadily

Tax base is growing steadily- Grapevine

Welcome to Office Gossip's Private Community

Don’t you think it’s kinda not fair to tax people especially in metro cities who earn less than a lakh a month. The cost of living in these places are already so high and due to that they may not even be able to make any investments. 12 Lakh kinda sets a good entry level for taxes as 1 Lakh is a decent amount to live by I guess. 


Just looking to hear opinions on why it would not be beneficial that’s all. Not willing to hear or respond to any SJWs who want to act all high and mighty on the internet.

Should the tax slabs start at 12 LPA?

Assistant Manager

Welcome to News Discussion's Private Community

Inspite of so many "better than earlier govts" reforms in the last 10 years...the govt hasnt done much needed reforms in the income tax regime.

The govt is doing a few good things like dissolving inept psu's, selling off entities like Air India (privatisation), etc.
But when and how  are we going to increase the tax base?? Why is govt failing to do so? It is high time we rationalise it. We cannot dream of becoming a prosperous country with such poor policies in place

https://timesofindia.indiatimes.com/pay-income-tax-be-political-orphans-why-it-matters-for-indias-economy/articleshow/107405605.cms

Inept income tax dept

Product Manager

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

Earnings bracket wise

Non taxpayers can also comment how to avoid paying taxes

Any Crorepati taxpayers in the house?

Business analyst

Just curious to understand others perspectives.

What will change in the next 10 years

Operations Manager

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

Software Developer

https://www.linkedin.com/posts/prakash-kewalramani_india-tax-ugcPost-7157215325560713216-Cp76?utm_source=share&utm_medium=member_android

Do you agree with current taxation slabs?

Next thing modi government/india needs to fix is taxation.

Equity research

Tax Payers!!! How are you feeling, no tax relief in budget.

India’s tax collection is growing like crazy; At this speed the politicians will be billionaires

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!!

Consultant

Whenever I read foreign media outlets, India is the new Asian Tiger that will outpace most emerging economies in growth. But Indian media and Indian people act like India is the worst place to be.

The dichotomy is extremely confusing. Why is it that foreign media coverage on our economy is more favourable than our own hopes and aspirations from this country?

PS: I am really big on Indian Exceptionalism, the belief that India's economic development and trajectory are unique or exceptional compared to other nations, driven by our large and diverse population, thriving middle class, our entrepreneurial spirit, and the emphasis on technology and innovation.

Source:
https://www.bloomberg.com/news/features/2024-04-07/can-india-overtake-china-as-world-s-growth-engine-it-could-happen-by-2028

Why do Indians hate India?

Seems like since last year the focus of government has shifted from actually making beneficial policies to enable innovation and growth of India to just collecting taxes blindly. 

They just want to harvest tax in as many ways possible and kill the middle class person.

First it was crypto. 

Then us salaried individuals started receiving notices. 

Then they levied 28% GST on online gaming. 

Now they are also checking proofs for HRA allowance and other stupid stuff which wasn't done before. 

I was wondering why there is a sudden increase in such incidents? Is the government hiding something? Are they running out of money?

Or are they just smoking weed just like us and making stupid rules?

Nirmala tai is looting us

Salaried folks after reading no change in Income tax slabs in Budget 2024

https://indianexpress.com/article/india/rejection-of-final-epf-claims-sees-surge-in-5-yrs-up-from-13-to-34-9177874/lite/


We want to see towards growth and only growth but growth in every aspect is not a good sign. Govt should look at tax payers and make their life easier otherwise everyone will become farmers.

Tax base is growing steadily

Discover More

Office Gossip on

by Matilda Carmden

Stealth

Should the tax slabs start at 12 LPA?

News Discussion on

by Kalan Dean

Stealth

Inept income tax dept

Misc on

by Anise Lee

IndiaMART InterMESH Limited

Earnings bracket wise

News Discussion on

by Coy Olive

Stealth

Any Crorepati taxpayers in the house?

Misc on

by Kalan Lee

Stealth

What will change in the next 10 years

Misc on

by Jordon Carmden

Stealth

Why do people keep ranting about income tax

Misc on

by Matilda Taye

Morgan Stanley

Next thing modi government/india needs to fix is taxation.

Personal Finance on

by Jordon Carmden

Gojek

Tax Payers!!! How are you feeling, no tax relief in budget.

Personal Finance on

by Aaron Everett

Dunzo

India’s tax collection is growing like crazy; At this speed the politicians will be billionaires

Personal Finance on

by Matilda Taye

Stealth

Paying 29L as tax this year!!

News Discussion on

by Matilda Nadeen

Gojek

Why do Indians hate India?

Personal Finance on

by Jordon Carmden

Startup

Nirmala tai is looting us

Memes on

by Coy Hyrum

Accenture

Salaried folks after reading no change in Income tax slabs in Budget 2024

News Discussion on

by Kendall Dean

PayU

Rejection of final EPF claims sees surge in 5 years, up from 13% to 34%