When Grapevine says 1% of India's Top professionals, does that mean I should earn 53LPA 🥹
I definitely should earn 53LPA!
navyseal
Earnings bracket wise
This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?
15mo ago
potatomato
Fintech Startup15mo
Grapeviners exclusively in the last two bars it seems like 🥲
navyseal
True. Considering the salaries posted by the majority here, everyone is like a millionaire.
Elon_Musk
X.com15mo
That's like what 7cr people? Where is the rest of the 140cr ?
navyseal
India is a lower middle-income country, check GDP/per capita, most people don't earn enough to file taxes.
Elon_Musk
X.com15mo
Most of them do but don't file taxes. And the farmers & agricultural sector is a different ball game altogether with basically 0 tax rate
Iwantfood
noone15mo
This is only white money. Many Indians are filthy rich thanks to black money and don't even pay tax.
tbk
Startup15mo
This most likely doesn't include pure offline businesses, and even their employees who get cash salary, not to forget your famous chat panipuri wala, pg aunties at kota etc, 3-4 taxi owner uncles,
If you think about it if apple can sell gadgets worth 1bn usd in a year in India, or even the cumulative revenue of luxury retail. then we can't term India as low income country.
Easy example My neighbour has a "furniture factory" owns 4bhk bungalows, probably earns a more than a crore annually yet was rejected for a Honda civic loan according to his itr, ended up picking some other car all cash.
FunnyBones
Plivo15mo
Bruh politicians are in last bracket but pay tax like first bracket
GloomyCent67
MakemyTrip15mo
There are at max. 5000 politicians in India worth the salt.
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Curated from across
Nirmala tai is looting us
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 a...
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This government’s primary intention is to collect more and more taxes in whatever mean’s possible. They don’t give a ...
[Thread] Grapeviners 🍇 earning less than Rs. 50k/month. How do you manage your expenses?
Very curious on understanding this from Grapevine. Really wish to understand how do you all think about managing funds.
Paying 29L as tax this year!!
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!
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I paid 43L last year. 😤😖 It feels like I own every inch of new BLR airport. 😅
Being in top 5% or 10%, I feel blessed.
Recently I came across a report in ToI that said earning 80 K per month puts you at top 4% in India. Assuming that the stats is true, do you feel contended with what you earn?