I am working as software engineer at FAANG. I pay ~1.25L income tax per month. It pains me a lot. Since being general class male, I never got any benefit from but these govt is looting me. There are many small shopkeeper, landlords, farmers who earn more than me but none of them is paying tax but here I am paying such huge tax like loser. What should I do? Should I move abroad where even though I will still pay 30% tax but still I will have more money than being in India, or should I open a shop like of clothes, or chai?
Firstly stop cribbing you are not doing any charity, if you want to move no one is stopping you.
Countries at different stages of development will always have different challenges and living in any country will come with its own set of problems.
I completely understand the point, being a general engineering male myself but what can you do?
Moving abroad makes sense if you don't have assets in india and if you end up making equal or more money taking into account purchase power.
In india the middle class bears all the tax liability.
Poor people don't pay taxes, rich people don't pay taxes and don't even get me started on farmers....
But still lashing out on random people on the internet won't solve anything...
Abroad is better if you are ok with the non financial aspects.. especially the benefit that you get due to cheap labour in India
Dude, how old are you?😂😂
9
Ahahahahhaha the victim complex is strong with this one
You should get your income below 12 LPA with some tax benefits from old regime in order to pay no tax. Otherwise moving abroad option and “have more money than being in India” will only make sense if u plan to come back to India in few years. Otherwise u can’t live same lifestyle as India there
I have no problem living in India. My only problem is that I never received any benefits from the government. I appeared as general class candidates in all exams, paid full fees everywhere... I am paying such high tax for welfare for fucking every sc/st/women/children/obc/senior citizen/public servants/religious leaders/poor/minorities... it feels like slavery... so all I want government to leave me alone... so I can open some small shop and work in cash to make money in black... but I am wondering whether doing this or moving aboard will make me more money.
Bro moving abroad will make u more money only if u plan on returning to India. Otherwise what more u make there is equally spent if u want to maintain same lifestyle. Anyway, based on your rant I only see black money satisfying ur goal so go with shop idea
Since your compensation is atleast around 42LPA, you should definitely consider moving out and enjoying better social security schemes in countries like the US. FAANG sponsor H1Bs, you can explore that option.
In India top 10 % people pay for subsidy for rest of the people
Hi everyone,
The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.
With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.
Here's the...
By next year, my salary may be around 1.5 cr and would likely pay >35L tax.
My employer can hire me in any country on same salary. Can I move my employment to another country and still stay in India?
I have recently lost my job due to layoffs. I have paid over 80 lakhs as tax to government over my career of 5 years. Tax equivalence to a fucking house!
Now, i have 0 social security. What is the government giving me for all this tax?...
Which country is best to work as a software developer. I am an SDE 1 in India planning to go abroad.
Nope. Stay in India
No country gives value for money as India does. You can get house help, cook, utilities for under 10k. Transportation...
