Login

Post on Medial

Jayant Mundhra

 • 

Dexter Capital Advisors • 4m

Look at the image. That's what PM Modi did to the middle class in the budget today. Just the finger was a different one 📛📛 It made a mockery of the middle class in this budget. To be precise, it is all about two numbers- Rs 17.5k and Rs 7k crore. What are those numbers? Let’s dive deeper. .. Govt today revised the income tax slabs for the new tax regime. Plus, it revised the standard deduction for salaried from Rs 50k to Rs 75k. And in the BEST CASE, that will help the Indians in this tax regime save Rs 17.5k a year. And overall, as per Nirmala Tai, this will come for Rs 7k crore. Meaning, a relief of Rs 7k crore a year! Claps? Ghanta! Slaps 📛📛 .. Let's be real, Rs 17.5k in the BEST CASE scenario is hardly a game-changer. It might cover a few months of groceries, but it won't significantly impact their overall financial well-being. It won’t increase their disposable income. Nor will it strengthen their bank balances. Nothing. Worse, with inflation soaring and expenses piling up, this is a mockery of the financial burdens faced by the middle class. .. And let’s put that Rs 7k crore into perspective. India's middle class is estimated to be over 30 crore people. A Rs 7k crore sacrifice is a drop in the ocean compared to the taxes collected from this vast demographic 📛📛 .. So tell me, is the government truly committed to easing the financial strain on the middle class? Or is this a token gesture? The true answer is neither. .. This announcement was not about benefitting the middle class. This was about making the new tax regime appear more lucrative than the old one, which continues to be the choice for most taxpayers despite Modi Govt making new attempts year after year. .. While the government may claim to prioritize the middle class, its actions suggest otherwise. The Budget 2024 is a missed opportunity to provide real relief to those who need it the most. Maybe, the Indian middle class has no option but to find ways to send their sons and daughters abroad. After all, why the heck not? Who wants us here anyway?

4 replies25 likes
Replies (4)

More like this

Recommendations from Medial

Anonymous
Image Description
Image Description

Anonymous

Stealth • 3m

A Labourer Found A Real Diamond Worth Rs 1 Crore Becomes its Official Owner. Rs 42 lakh Tax Will Be Deducted From Rs 1 crore. I hope he manage finance properly. 🥺BUT 42 LAKH DEDUCTED AS TAX 😭

11 replies12 likes
Image Description

Ashutosh Mishra

Stealth • 4m

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

Shreyas Ramdasi

Stealth • 5m

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs

See More
0 replies5 likes
Image Description
Image Description

Jayant Mundhra

 • 

Dexter Capital Advisors • 5m

3k crore of taxpayer money burnt in the last two years 📛📛 And Modi Govt is set to burn another Rs 1.2k crore in FY25 for what is clearly another Air India in the making. For what? And worse, this time, there may be no buyers either. .. FY23: Go

See More
6 replies17 likes
1
Anonymous
Image Description
Image Description

Anonymous

Stealth • 3m

Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,

See More
3 replies21 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 4m

I think next civil war in India happens because of tax . We are facing this huge problem since 1947 and every government force only middle class people's for tax . According to reports only 3.5% people in India paying tax and other are just enjoying

See More
6 replies6 likes

Tushar Aher Patil

Stealth • 27d

Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

See More
0 replies4 likes
Image Description
Image Description

Luhas Datta

Stealth • 2m

Guyz in india the Govt is just Taxing the middle class $Rich❌ $Poor❌ $Middle class✅

4 replies2 likes
Anonymous

Anonymous

Stealth • 4m

Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr

See More
0 replies6 likes

Sairaj Kadam

Stealth • 3m

After a long time. Back to Reality: The Budget's Hidden Cost "Hidden Costs of the New Tax Regime" Everyone's talking about the lower tax slabs in the new income tax regime. But has anyone considered the long-term implications? By drastically redu

See More
0 replies5 likes

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