This really hit to core
Sapthinker
Stealth
6 months ago
Who cares for such mundane things in VISHguru era ๐
Truly we are in a golden age . This is just aunty nashnal thinking
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We pay first world level taxes for a third world social security with 0 benefits.
Kamlesh
Stealth
6 months ago
But those benefits do exist. There's a difference between you can't and you won't. It's called privilege.
Such bad takes this guy has tbh. Idk why people follow him.
Node
Stealth
6 months ago
Please don't insult Bharat saar.
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It's been 75 years of taxes now. Why people are still crying about it? Are these guys stupid or what? If you really have such a problem with taxes, go ahead and open a business. No one forced you to do what you do. And it's not that suddenly one day the govt chose to implement taxes. It was always there since our country became independent. Just a PR stunt.
GrimBeard75
Stealth
6 months ago
You work at Infosys, you don't know what tax slabs are yet.
Do you think people are complaining about taxes? How naive do you have to be?
People are saying, for the taxes they pay, they don't get much in return. Neither good nationalised Healthcare nor affordable good education. And apparently if you indeed are in bangalore, neither a good infrastructure
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BiryaniEnthu
Stealth
6 months ago
Yea, I donโt follow his advice but here he made sense
Why are people forgetting that tax is limited for a Financial Year?
You just pay a tax for first time and think it'll be same till your death
CA's are like, bruh you didn't know I existed, your fault
And if someone paid 40% this year, he'd pay less than that next year, since he got his brain in his place ๐คท
BiryaniEnthu
Stealth
6 months ago
I agree but the system is not flexible.
I was earning well last FY and shifted to new regime to save tax.
Now the cash flow is low. I could have saved more if I was allowed to keep old regime but that's not the case. I pay tax irrespective of whether I'm earning good or not
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Ya and if u scale ur lifestyle thinking uโll keep the 1 crore salary then uโll be in a lot of trouble
BiryaniEnthu
Stealth
6 months ago
That's another ticking bomb in these scenario
anyways, we all need to agree, double taxation is scam. you pay tax when credit and again when you r spending...
Qwerty2398
Stealth
6 months ago
if you are honestly paying taxes in this country, you are mentally retarded.
Qwerty2398
Stealth
6 months ago
So true... First they deduct taxes and then give the salary....
Thatโs what I am thinking from last many days since layoff news are around that we pay very high taxes and donโt get good facilities (road, water, street lights, services etc). And when job goes away due to layoff then govt has nothing to safeguard our livelihood.
Umadbro
Stealth
6 months ago
If you are earning 1lac, register yourself as a freelancer. This way you can claim 37.5L as expenses, without having to submit receipts. Talk to your company accountants. The rule is 50% of income till the cap of 37.5L (i might be paraphrasing). So taxable income is 62.5. You pay ~20L in tax.
Other way is to structure the pay package such that you get reimbursed for every small thing that is tax deductible. Eg: rent, office rent expenses, phone, car, etc. can be tax deductible if this is the part of your benefits. I donโt know the exact rule here, but many companies do it.
Umadbro
Stealth
6 months ago
Meant 1cr. Sorry
Remember the Kaamwali that cleans your home, washes your utensils and cooks your food. The safety net is for them. Without this you will either be doing your own house chores or paying a much higher salary to these people so that they can pay the fees for private schools and hospitals.
The reason you are taxed is not to provide services to you. But to account for the fact that you are able to do those things because someone at the bottom of economic pyramid is doing the shit jobs and they need that safety net.
And even if those who benefit may not be working in your home but a mine in Bihar, their work ultimately creates either leads to comfort or economic benefits for you.
HelloCTO
Stealth
6 months ago
How does that work? Could you give more insights? Or any article related to this?
How does what work?
Tax distribution or contribution of underprivileged to economy? Will check if there is some good content around it.
StartupMinion
Stealth
6 months ago
Only way to save tax legitimately is if you register as a service provider instead of employment .. or there is always the option to reduce your income to 7 lacs..๐
BiryaniEnthu
Stealth
6 months ago
Do you mean reduce or "reduce" ๐
StartupMinion
Stealth
6 months ago
I mean reduce only not "reduce" ๐๐
Thats why used the word legitimately ๐ฌ
Revert back to barter system. Take GOLD as Salary ๐๐๐๐ or ask company to buy land for you in lieu of salary. 20L Salary + 50L worth of land / Shares of a public company.
StartupMinion
Stealth
6 months ago
That is also taxable
Does Sodexo help to save tax?
They say sodexo amount is not taxable but I feel I pay more taxes while using sodexo amount on foods, plus govt have made online ordering food expensive. So in which world does sodexo is not taxable?
Bumpy_Stock
Stealth
6 months ago
Deal pakki. But mil to jaye pehle ๐
Node
Stealth
6 months ago
His posts are such a brutal blackpill for anyone living in india.
Paid ca. 12lakh TDS..another 5lakh STCG and LTCG on equities plus dividends ...India not for weak hearts..
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