Couldn't agree more. Taxes fuel growth and services- a necessary investment. Indeed, strategic voting is the key to a forward-thinking democracy. Let's always choose the long-term good over short-term gratification. Our participation can shape the nation's growth narrative. Indeed, never underestimate the power of voting.

Robotics Engineer

Irony is many folks will be paying tax in lakhs but will not vote.  And the poor will get paid peanuts to vote.  So vote wherever you can, do choose the right candidate who is good for the long ter...

Irony is many folks will be paying tax in lakhs but will not vote.

And the poor will get paid peanuts to vote.

So vote wherever you can, do choose the right candidate who is good for the long term.

But do vote. And encourage and ask others to vote too

Tax time

Product Manager

Tax time- Grapevine

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

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

I have seen most of my friends and people are in tech always oppose the current Government. 

I agree, that current government is not great. But at same time, supporting parties like Congress doesn’t makes sense.

Genuinely curious why people think current government is not doing good? I have seen road & rail infrastructure getting improved, defence budget being increased, government making investments in R&D, privatisation of government sectors, making existing processes efficient, and much more.

Even the farm bills were good, now what is happening all the middlemen are making money.

Communal riots have increased, but I don’t think the government is responsible, it’s people who ignite these riots.

At last, why you think current government is not doing good?

Why people in tech hate BJP?

Small dataset? Most of the techies and finance folks I know are out and out Modi supporters!

Finance Consultant

Software Engineer

I just reached my home town yesterday for the elections and today seeing scenes where people are arguing for not getting their share of money for their votes on streets.

Numerous people did not get their money for votes because someone else took that money under their name without the person knowing. This is the case with the 2 major parties contesting in my area who are buying votes.

It's even more crazy that this seems to be a very common scene and the fact that the cost of each vote is being priced less than the last election.

Last election vote cost - 2k
This election - 1.2k

Hope this changes with our future generations

Usual scene before Voting day

Site Reliability

Everyone here is educated, works decent jobs and pays taxes. I want to know your thoughts on upcoming general election, who are you going to vote? what do you expect will be the result? Do you think there is a level playing field for all the parties? Please give a general overview as well as local overview of your state/constituency.


Ps: please be civil and avoid distasteful language.

Thoughts on General Election

Welcome to Software Engineers's Private Community

I have seen my trader friends to party donations to pay less taxes. As per the law we can donate 20% of our gross income to any party for the tax deduction benefits. Do any of the software engineers also donate to party?

Party donations for tax benefits.

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

Welcome to Personal Finance's Private Community

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

Consultant

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

This government’s primary intention is to collect more and more taxes in whatever mean’s possible. They don’t give a f**k about anything. And then will brag every month/quarter about record GST collection! This government is pathetic to say the least! No accountability and arrogance is at its peak. We have come to a point where we can’t even question the government otherwise you will be termed as anti national.

Tax time

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