BouncyBurrito
BouncyBurrito

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!

19mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
ZippyMochi
ZippyMochi

Start a business

BouncyBurrito
BouncyBurrito

Bro I am running a business except they all my receipts are digital and tracked

ZippyMochi
ZippyMochi

I will honestly never understand people who earn a crore and still have problems paying tax. Most Indians will never see such an amount in their lifetime let alone earn it. You should be more grateful.

DerpyPancake
DerpyPancake

What is your income, YOE and field, if you don't mind sharing? 🙈

BouncyBurrito
BouncyBurrito

1.75 cr
Yoe 7 Field: Digital advertising

FuzzyNoodle
FuzzyNoodle

How many clients do you have

WigglyRaccoon
WigglyRaccoon
Google19mo

I paid 43L last year. 😤😖 It feels like I own every inch of new BLR airport. 😅

BouncyBurrito
BouncyBurrito

Hahahahhaha
I laughed so hard at this

DerpyBoba
DerpyBoba

Please can you tell your designation and years of experience?

CosmicQuokka
CosmicQuokka

Feel what you may want, but our govt feeds 814 million humans every year, it's massively large number and only possible because honest people pay significant income tax.

Have faith things are only improving, we might as well experience dr kalam's vision of India in our lifetime.

BouncyBurrito
BouncyBurrito

I seriously hope so!

FluffyJellybean
FluffyJellybean
Swiggy19mo

This is so beautifully phrased. Here you dropped it -> 👑

FluffyNugget
FluffyNugget
Plivo19mo

Many share ur feeling no matter 2.9 or 29L tax

BouncyBurrito
BouncyBurrito

Thanks man, atleast someone understands

DizzyBanana
DizzyBanana

Your effective tax rate is around 17% which is as good as it gets pretty much anywhere in the world (unless you decide to cheat). What are you complaining about?

Now people say that they are not getting anything for the tax that they pay in India which is a ridiculous statement. India is an oasis of peace and prosperity in a very dangerous region of the world precisely because our government have the financial resources to maintain it. Good luck running a digital advertising business generating 1.7 crore in income in countries like Somalia or Colombia.

BouncyBurrito
BouncyBurrito

Your first part is good but you shat the pant in your second half. What a stupid comparison

DizzyBanana
DizzyBanana

Going by your post, I did not expect you to understand the 2nd part and you did not disappoint me. Taxes are the price we pay for a functioning democracy. Google tax receipts to GDP ratio of failed states like Somalia, Pakistan and central American Nations and you would probably understand (although I am not holding my breath in anticipation).

GoofyLlama
GoofyLlama

There are some ways to navigate through this and get your tax below 20L at least, get a good CA

BouncyBurrito
BouncyBurrito

Bhai notice aa jaega, can’t go down from this level. You don’t know how close IT depart takes a look at your profile.

GoofyLlama
GoofyLlama

Bhai legally there are some ways, I'll share one - run two registered companies with proper tax filings and gst - nothing illegal, just operate them separately

ZippyLlama
ZippyLlama

Only way your tax might be reduced is more and more people start paying taxes properly and fairly, so load on middle class is reduced.

BouncyBurrito
BouncyBurrito

And thereby govt reducing overall tax rate? I am not too sure about this one

BouncyNugget
BouncyNugget
Adobe19mo

I'm sure govt. will not reduce taxes but they can atleast spend on things that will be productive in turn giving us some services. (in an ideal world.. 😜)

SwirlyMuffin
SwirlyMuffin

It is better to have a tax problem rather than having an income problem.

Be grateful for what you have.

BouncyBurrito
BouncyBurrito

True that

FuzzyNoodle
FuzzyNoodle

How old are you ?

BouncyBurrito
BouncyBurrito

Will touch 30 in next few months

JazzyNarwhal
JazzyNarwhal

Bhaisahab googles what is digital advertising lol

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