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Havish Gupta

Figuring Out • 1y

Intresting Question! For eg, we are filing for taxes and our tax due is 50 Lakhs, so do you think there should be an option for us to select where that money will go? Like we can choose 10 Lakh for Space Mission, 5 Lakh for military, 10 lakh for health care, etc. This thought just hit my mind few minutes back. What do you think of this?

12 Replies

Replies (12)

Kishan Kabra

Founder & CEO • 1y

Now look from the govt perspective, you might choose 5 or 10 sectors to give your tax income and people like you are also choosing specific sectors to give their tax then what about the other sectors which plays important role in country's development. In this case some sector will get huge benefit of that and some will just survive to live so better we need geniune distribution of our tax to the respected sector according to the requirements. Instead of that govt can show us their managing process that how they are deploying our tax in sectors, which will create more transparency and might encourage also.

2 Replies

Ayush

Let's build together... • 1y

This will lead to improper distribution of funds.

1 Reply

Rajan Paswan

Building for idea gu... • 1y

People can make bad discussion. Which can lead to tax money getting poorly distributed among sectors and that could be disaster for economy and citizens.

1 Reply

Anonymous 2

Hey I am on Medial • 1y

That's the job of finance department, it's their lookout how much money each sector needs. We can't decide on our own.

1 Reply

PRATHAM
•

BeatStars • 1y

That's the worst thing possible tbh

1 Reply

Anonymous 1

Hey I am on Medial • 1y

Lovely idea but the government would never let that happen.

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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 leg

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Do you think giving high taxes can benefit India in the long run?

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