QuirkyNoodle

AppViewX

What is the income category for an individual in lower ,middle, upper middle, rich clqss

Below 1 lpa : :((( 2-4 — Lower middle class 4- 8 —- Middle class 9-15 —- upper middle class 15+ upper class

What would you guys categorise?

21mo ago

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ZestyQuokka

Stealth21mo

15 and you still can't afford a house. Not upper class bro 15 a month, probably then

SwirlyUnicorn

Stealth21mo

😂 I don't think when >99% of the population don't earn >10L, 15L should be considered less than upper class.

SwirlyUnicorn

Stealth21mo

On the earning scale atleast, i guess if you were to base the class on purchase power it'd make sense to hold maybe 30LPA as upper class. It's considering the whole country, even cheap cities like xyz city in UP. And for the whole of India, which includes people living in said xyz city.

FuzzyDonut

Stealth21mo

0-12 LPA — poor 12-80 LPA — middle class 80-200 — upper middle class 200 LPA and beyond is rich

GoofyDonut

Stealth21mo

Upper class is when you don’t take “a salary” but just go to the bank to borrow a few hundred crores for a thing

SwirlyBoba

Stealth21mo

What people miss here is background. My friends who earn half as me can maintain a class/spend which is twice of my spending. Reason, I have to work on basics first, home renovation for parents place or parents health costs. Whereas his responsibilities ends with earning for his luxuries.

Equal earning is not equal life standards.

SleepyTaco

Stealth21mo

It also depends on one’s background. Someone from a wealthy household with 8LPA is better placed socially than 20LPA from poor Tier 3 town family

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Personal Finance13mo

by FloatingUnicornStealth

Who are the actual middle class in india?is there a metric?

Comments

if you complain against the people who wear suits in India, then you are middle class. If you complain against all...

Personal Finance11mo

by SparklyUnicornCognizant

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?

Comments

So, you belong to a group of 6 crore people. Congrats.

Sadly with greater income, some lifestyle upgrades take place which sometimes put us into lower percentile 😕

Correction. It's actually 67 K per month or 8 lacs per annum earning puts you at top 4%.

Office Gossip18mo

by CosmicPandaStealth

Should the tax slabs start at 12 LPA?

Don’t you think it’s kinda not fair to tax people especially in metro cities who earn less than a lakh a month. The cost of living in these places are already so high and due to that they may not even be able to make any investments. 12 ...

Comments

Until and unless every penny of tax paid is listed on a publicly accessible blockchain. Fuck taxes.

Tax agriculture income.

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