DancingDonut
Any Crorepati taxpayers in the house?
Non taxpayers can also comment how to avoid paying taxes
10mo ago
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Curated from across
Non taxpayers can also comment how to avoid paying taxes
With average real inflation hovering at around 8-9%, the maths is simple.
65 lakh * (1.09)^5= 1 crore purely if i factor in inflation
The doubling number is likely this group+ the COVID peak hiring spree
Where is this real inflation of 9%. 9% inflation means things doubling in 8 years. That looks too high. I think it's closer to 6%, so doubling every 12 years
Inflation means costs go up but not necessarily wages, salaries or income. In fact, we've had a wage stagnation issue a couple of times over the last 5 years.
