this is meaningless!
this is only to promote indirect taxation where you will pay in the name of tax saving instruments like insurance to no real avail
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
See More
0 replies1 like
Hiral Jain
Stealth • 8m
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
Plain popcorn: 5% GST.
Salted popcorn: 12% GST.
Caramel popcorn: 18% GST.
This is the state of taxation in India! As a tech business owner, how can we thrive in an environment with such irrational policies? India is already ranked 1st worldwid
See More
4 replies4 likes
RootDotAi
Stealth • 10m
Key Things To do Before 31st March 2024
1 Invest in Tax Saving options
Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta
See More
0 replies3 likes
Ashutosh Mishra
Stealth • 9m
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
We are slowly moving towards a system of 30% taxation on capital gains.
[1] A lot of retail folks used to enjoy the indexation benefits on Debt mutual Funds.
This was taken away in 2023.
Rational? Well, Equities have no indexation-- why should
How to save tax as a Corporate Employee in India in 2025: My Top 5 Tips! 💡💰
1) Know your exemptions!
Yes, certain allowances like HRA (House Rent Allowance) are tax-free under specific conditions. If you're paying rent, don’t forget to claim this
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
