Whatโs happening here why 28% GST on two wheelers and cements.Even drinking water has 18% ๐คฆโโ๏ธNow affording bikes and building homes will get expensive what Will middle class people do.Seriously I donโt know why is this happening
PRATHAM
ย โขย
Medialย โขย 9m
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%.
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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
Chartered Accountantย โขย 9m
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
Vishu Bheda
Transforming vision ...ย โขย 10m
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 replies9 likes
Mahendra Lochhab
Content creatorย โขย 8m
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
โน27 - Borrowings & other liabilities
โน19 - Income Tax
โน18 - GST & Other Taxes
โน17 - Corporate Tax
โน9 - Non-Tax Receipts
โน5 - Union Excise Duties
โน4 - Cus
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0 replies8 likes
Ashutosh Mishra
Chartered Accountantย โขย 6m
Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : โน4.53 lakh crore, up 10.5%
Personal Income Tax : โน5.15 lakh crore, up 18.8%
STT : โน26,154 crore, up 96%
Other Taxes : โน1,812 crore, up
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1 replies5 likes
Karunakar CH
What You DO That Def...ย โขย 2m
Revised Income Tax Slabs under the New Regime (FY 2025-26):
Annual Income (โน) Tax Rate
0 โ 1,200,000 = 0%
1,200,001 โ 1,500,000 = 5%
1,500,001 โ 2,000,000 =10%
2,000,001 โ 2,500,000 =15%
2,500,001 โ 3,000,000 =20%
Above 3,000,000
The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b
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0 replies2 likes
Hiral Jain
Content writerย โขย 10m
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