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Aman Verma

BIT'Mesra Undergrad|... • 1y

Who are actually middle class of India ? I am really confused to get the ideal answer of it. Because in village there is only a class that is caste... Most of the rich (as per village standard having acres of land, home, Cars, and non tax incom

Naveen Ramakrishna

Collaboration Create... • 1y

Forget about Economics in general terms the people who strive hard to save penny for their children education sacrificing their needs and health also making kids future to be safe and spent lot of work and time on it they die in poor but their sons a

Aman Verma

BIT'Mesra Undergrad|... • 1y

I agree... But I think mainly salaried class is more in Middle class and pay the taxes more even on their earnings and while buying end product as well.

Naveen Ramakrishna

Collaboration Create... • 1y

That's the sin of middle class but most of the middle class people not pay taxes their sons and daughters will be paying it due to settled job and life they take over from their parents. India just have 10% of salaried tax payers genuinely 5℅ direct

Aman Verma

BIT'Mesra Undergrad|... • 1y

Here I agree a lot's... And their is too much misunderstanding due to which most of the people India don't pay taxes... There should be upgradation in tax slab and geniune tax collection.

2 Replies

Replies (2)

Naveen Ramakrishna

Collaboration Create... • 1y

Earnings 5LPA IN THAT MOST OF PEOPLE DON'T HAVE 1000₹ SAVINGS IN THEIR BANK ACCOUNT ALSO HOW THAT PEOPLE WILL ELIGIBLE TO PAY TAXES THIS SHOULD BE REFORMED AND INCLUSIONS NEEDS TO BE DONE IN TERMS OF PERSONAL EXPENDITURE INCLUSION OF PAYING PERSONAL LOANS INTEREST, AUTO LOAN INTEREST, CONSUMER LOAN INTEREST, ETC THE PEOPLE ARE CHARGED THRICE FOR A PARTICULAR AMOUNT WHICH ALREADY PAID IF ANYONE TAKING AUTO LOAN THEY HAVE DEDUCTED TAX AND CHARGES FOR PROCESSING AGAIN THEY NEED TO PAY GST WHILE TAKING CAR/BIKE WHILE PAYING INTEREST HIS ERANINGS ARE GONE BUT THEY ELIGIBLE TO PAY TAX FOR HAVING SALARY INCLUDED IN TAXLSLABS FUNNY TAXING RIGHT

Naveen Ramakrishna

Collaboration Create... • 1y

Yes

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Any CA here how much is tax to pay on 30 lpa salary

2 Replies

Chamarti Sreekar

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For a 1 crore income, A farmer pays zero taxes. A street vendor pays zero taxes. A corporate pays 25L on profits. A salaried employee pays 31L tax on income. When will everyone pay their fair share of taxes? any ideas how can it be fixed?

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Gokul sai ATTULURI
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You still have to pay taxes if your income is below 12Lakhs.💀 Let’s talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If you’re already aware, great! But if not, this is essential to know—otherwise, you