I was doing a tax plan for the next FY.
A significant chunk is going off my hard earned money 😔 for which I get 🔔 from govt.
I hardly use any public facilities , or can simply say they do not exist and are not up to mark
Any Tom and harry comes and starts freebies for his noble cause of votes which tax payers like me are not eligible to be benefitted even if I want to take any .
Why the heck I have been taxed so much .
Even if you get variable pay this month which was already taxed with TDS and If I invest in MF lumpsum and get some gains . The whole amount will again be taxed that too according to my tax bracket .
Although I am not considering indirect taxation which is another curse we all are facing .
Is everyone pissed with this tax story or simply ignore and move on to pay more tax and grind more .
You don't use roads? Metro? Petrol pumps?
"Public Facilities" arent just Sulabh toilets or ration cards
When paying so much, study where all the money is used
You dont pay the income tax, your company pays it in your name. If there were no Income tax, your CTC would have been 30% lower.
So stop feeling sad.
No, I do not agree. Bro we are already poor labour, you want to cut 30% ?,😭
That's how our salaries work. Our company inflates the CTC to include the income tax. If salaried income tax goes to 0, our CTC would reduce roughly by that amount.
You are a perfect example of being literate but uneducated.
Police, Defence, Courts, Municipal Corporations, Roads, Airports, subsidised healthcare and food for your maids, cooks, drivers (without which they would never survive with the salary you pay them) - how do you think all these things function?
Just because you don't interact with them directly, doesn't mean you don't "use" their services.
@SleepyNexus
Was hoping for a healthy discussion . With some solutions from participants it seems some people lack civic sense .
Follow this thread hope you get some light .
Why I was pissed with paying my hard earned money when I get nothing in return .
Also to make a point we pay municipal taxes and road taxes and other indirect taxes for services we use .
Hope this changes your perspective
Why the heck I have been taxed so much
Why are the big businessmen BILLIONS in getting tax breaks!
Stop ranting start planning, 1finance.co.in/tax-planning
Unfortunately in India honest tax payers are never rewarded or incentivised. Even I don't feel any value of my ITR + I pay tax on every commodity I buy.
Like somebody said consider this as charity until there are real reforms in tax collection or public services offered to citizens.
~ ~ E N T R E P R E N E U R ~ ~
Some body with this self-awarded-tag is coming here to bust the illusions 🤣
You can consider tax as charity. Still 80Cr people life depends on government provided ration.
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, farm...
Bro, you are earning. Shouldn't you just be grateful that you are not born in war torn Afghanistan or disease ridden Africa. I mean life could be so much worse. In fact, the only difference between you and the office boy is the household...
Oh, I thought this must be some smart argument, the moment I read “difference between you & the office boy is the hou...
I'm okay with paying income tax. I'm not okay with the rest of the 97% paying no income tax.
I pay a hefty amount every month as tax. My dad pays 2.5x the hefty amount as tax every month. We both drive on...
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...
This government’s primary intention is to collect more and more taxes in whatever mean’s possible. They don’t give a ...
They all want to shift you to new regime, plain tax no deduction. Easier calculation for you and government
I am thinking of making an app where you can enter your purchase and it will tell you how much tax you have paid dire...
Nothing against anyone, neither the current government nor the previous government.
First I have to give tax on my salary, then the indirect tax on every single thing I buy.
Bought a term insurance, for every premium I pay there's a 18...
