🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Havish Gupta

Figuring Out • 1y

Many of you have know that only less than 5% population in india, pays taxes. But there is reason for it. According to this economic times report, only 1.8 crore people earn more than 5 lakhs annually (~2%). And if you earn less than 5 lakhs, you legally do not have to pay any taxes. So it is not that they dont pay taxes, there income is so low that they dont have to pay taxes. Other side to it: if you earn more than 5 lakh annually, you are the among the top 1% richest population in india.

7 replies18 likes
Replies (7)

More like this

Recommendations from Medial

Image Description

LIKHITH

 • 

Medial • 2m

India's Income Pyramid Revealed ! 🇮🇳 Only 0.004% Earn more than 10Crore & 85% of people earn less than 2.5 Lakh annually ⬇️ Open image ⬇️

2 replies7 likes
Image Description
Image Description

mg

News & updates • 17d

How the rich pay less taxes

2 replies9 likes

Sheiden Borges

Entrepreneur | E-com... • 2m

what poor and middle class do is:- 1. earn 2. pay taxes 3. spend What risch do:- 1. earn 2. spend 3. pay taxes

0 replies5 likes
Image Description

mg

News & updates • 3m

Only In India If your Earn Rs 30 lakhs from Salary You pay Rs 8 lakh Tax If you earn Rs 30 lakh from buisness You pay Rs 1.5 lakh tax

1 replies9 likes
Anonymous
Image Description
Image Description

Anonymous

 • 

Techsaga Corporations • 6m

How much would you spend on building an MVP app in India? 💡 1. Less than ₹1 lakh 2. ₹1-3 lakhs 3. ₹3-6 lakhs 4. ₹6 lakhs+ What’s your take? Share your thoughts! 👇

4 replies3 likes
1
Anonymous
Image Description

Anonymous

 • 

YES BANK • 2m

How is owning a flat on loan and renting it out? The emi would be less than the rent and I’ll have to pay nothing from my pocket. After 5 years, I’ll sell it out.

1 replies2 likes
Image Description
Image Description

KOMAL SAHU

Hey I am on Medial • 2m

As a girl, any such startup idea in which she can earn maximum margin earning by investing 5-10 lakhs

8 replies10 likes
Image Description

Thakur Ambuj Singh

🚀 Entrepreneur | Re... • 1m

Massive Returns: Turning Millions into Billions in Less Than 5 Years!

2 replies6 likes
2
Image Description

Veritas Engineers Services Pvt Ltd (Veritas)

Hey I am on Medial • 9m

I'm writing to ask you to support or Investment in our company *VERITAS ENGINEERS SERVICES PVT LTD* Just a small Investment of *1 lakhs to 4 lakhs* [For Purchasing machinery or Materials etc for current profitable project's], Your Investment will go

See More
1 replies2 likes
Image Description

Rahul Gupta

Hey I am on Medial • 12m

GPT-5 is coming in less than 3 months. It'll be worth the wait.

2 replies9 likes

Download the medial app to read full posts, comements and news.