What’s happening here why 28% GST on two wheelers and cements.Even drinking water has 18% 🤦♂️Now affording bikes and building homes will get expensive what Will middle class people do.Seriously I don’t know why is this happening
PRATHAM
•
Medial • 6m
Wah! Ab to sab chez me tax lagado!
What's wrong man! It's just not fair, already the per capita income is low and then high income tax and other taxes and now this!
This is how India will become $5 trillion economy
India in coming 10-12 years-
- Size of economy - from $3.8 trillion to $10t
- Per capita income- from $2500 to $6000-7000
- Discretionary spending- from $500-600 to $3000
- Infra spending- from $200-250b to $650-700b
- Equity Investors- 5-6% to 15%.
India is 5th largest economy in the world
But why India's Nomial per capita income Ranking stands at 136th place
What's the problem
2 replies5 likes
Ashutosh Mishra
Stealth • 5m
Income Tax Old Regime vs New Regime
All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.
1 replies5 likes
Mr Z
Stealth • 7m
What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
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0 replies7 likes
Mahendra Lochhab
Stealth • 4m
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
₹27 - Borrowings & other liabilities
₹19 - Income Tax
₹18 - GST & Other Taxes
₹17 - Corporate Tax
₹9 - Non-Tax Receipts
₹5 - Union Excise Duties
₹4 - Cus
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0 replies6 likes
Ashutosh Mishra
Stealth • 3m
Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : ₹4.53 lakh crore, up 10.5%
Personal Income Tax : ₹5.15 lakh crore, up 18.8%
STT : ₹26,154 crore, up 96%
Other Taxes : ₹1,812 crore, up
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1 replies5 likes
Hiral Jain
Stealth • 7m
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
Greetings everyone! So in a previous post, I spoke about the tax system let's take a deep dive into it!
India follows a progressive taxation system, i.e. tax is imposed on their income, but this isn't fair, especially for paid employees!
It's becau
Sometimes, the best tax strategy is location, location, location.
Monaco: Where the Rich Play and Taxes Stay Away
→ Third of the population is millionaire
→ The per capita GDP in Monaco is the highest in the world,
→ Reaching an all time high o
Arey Mubarak Ho aapki lottery lagi hai, woh bhi 1cr kii!!
We call this transfer payment in economics, it means the income that a person gets without providing service/goods.
We all know that all of our income is calculated in national income irrespe
