Software Developer

Taxpayers receiving 'Thank you' for their Contribution every year.

Chartered Accountant

Taxpayers receiving 'Thank you' for their Contribution every year.- Grapevine

Welcome to News Discussion's Private Community

Is there anything for the co operate majdoor in this budget? Let's comment out if there is anything.

Budget for Co operate majdoors

Software Engineer

It's funny how people expected lower taxes in the budget, but now they'll pay more on STCG and LTCG. No wonder over 5,000 millionaires, salaried individuals, and top talent are leaving the country every year.

Budget 2024...

Consultant

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.

Product Manager

Welcome to Personal Finance's Private Community

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

Welcome to Fintech India's Private Community

It's scary & unfortunate that almost all state govts are giving out free money now. And most of the freebies are biased against Men

Left-wing and Right-wing political parties, both have now come together in support of socialism.

If you know economics, you would know that someone at some point has to pay these debts. You can't take debt forever.

What we're doing is dangerous for India's future generations.

Freebies eating away Tax Payers Money 💵

Data Scientist

Welcome to Business Roles's Private Community

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.

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

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

Percentage of Total CTC did you pay in tax ?

Analyst

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

While Indian government reaps and enjoys the taxation of high paid IT jobs, there are hardly any responsibility in taking care of laid off citizens. I’m pretty sure most high paid individuals are irritated with the 10s of lacs of tax paid every year and yet not getting basic benefits from the government. No wonder so many HNIs leave India every year and settle in nations where high earning is nurtured and not abused.

In my honest opinion, Indian government should do the following for laid off individuals based on their previous year tax collected.
1. Provide Rent + Basic necessities cost for at least 6 months or joining the next job, whichever is earlier.
2. Provide health insurance to laid off citizen and dependent individuals for at least 1 year or till the person joins next job, whichever is earlier.
3. Pause Home loan EMIs for at least 6 months or till the person joins next job, whichever is earlier.

Should government give basic necessities to laid off citizens?

Technical Director

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.

Taxpayers receiving 'Thank you' for their Contribution every year.

Discover More

News Discussion on

by Matilda Carmden

Samsung

Budget for Co operate majdoors

News Discussion on

by Kendall Lee

Stealth

Budget 2024...

Misc on

by Jordon Carmden

Stealth

Why do people keep ranting about income tax

Personal Finance on

by Jordon Carmden

Gojek

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

Fintech India on

by Kalan Carmden

Tredence

Freebies eating away Tax Payers Money 💵

Business Roles on

by Kendall Lee

Others

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

Personal Finance on

by Jordon Lee

Kalr

Percentage of Total CTC did you pay in tax ?

Personal Finance on

by Matilda Taye

Stealth

Paying 29L as tax this year!!

Layoffs on

by Isaiah Lee

Apertum Online

Should government give basic necessities to laid off citizens?

Office Gossip on

by Matilda Carmden

Stealth

Should the tax slabs start at 12 LPA?