do you even know how much taxes people pay in west its 2x the indian taxes?? only 2% of indians pay tax sab chor only employees pay tax, idk whats the hate towards paying taxes
@@yakuzam846 I agree it's 2x or more in west but you get a lot more back. In Germany 70% of what you pay is returned back once you retire along many other health, quality education and social security benefits. In India, You grow to hate it when you are 1 person among 100 chors and freebie beneficiaries. Getting no health, pension support from government in return. All those saying they are paying GST and this and that tax, I'm paying that too with my already taxed money (10-30% taxes). Not to mention my proportion of GST and other taxes will also be higher as my expenses too are higher compared to those who don't pay any taxes.
@@yakuzam846In western countries they are heavily taxed but even their tap water is drinkable whereas in India, western tax system, forget about drinkable tap water we don’t even get water. Acche din 🤡
@@artificialgamer9766 weren't they already giving that much taxes? (This is a genuine question coz I am really not able to understand much as I'm not a commerce student)
@@coffeebeans405 bro tax rates on profit ain't changed much on the surface but the thing is they put the tax on earnings too For example if u r earning 15 lakhs from investing rather in property or share market or anywhere They would first take 15-20 % tax on that profit then again on net total income Like first pay 2-3Lakhs on 15 lakhs then again pay 4.5lakhs on 15 lakhs so in total where u had to pay 4.5 lakhs becomes 6.5-7.5 lakhs + other GST and tax on many daily products In general average tax payer employee give around 45% tax on his income and now they are limiting it more by putting it on investments too where middle class earn
They gave nothing to Andhra , 15000 crores as debt , no mention of Special status, no railway zone , nothing special, BJP once again has done NOTHING to people of Andhra Pradesh
LTCG is generally done for a long duration. When compounding kicks in that's how you beat inflation in say about 10yrs time. With continuous increase in tax it's assured that they want us to stay Middle class forever.
@@shubhamverma5645You invest 1 Lakh expecting a return of 12% per annum. You make 11.25 Lakhs in long term. How long do you think it takes to make that kind of profit? It takes more than 22 years. Then you will have to pay 1.25 Lakhs in tax. Do you know how much time it takes to make 1.25 Lakhs in profit? More than 7 years. You are paying the return you made in more than 7 years just for tax. If you don't find that troublesome let God help you.
Modi says india is our country and gives priority to Bihar and AP , Karnataka has also elected a good share, but I feel it’s better to change decision to vote for regional parties rather than central parties as we are always taken for granted.
AP didn't get any allotment in past 10 years, and even when state was divided, and requested for funds to grow new state, needed funds weren't allotted.
Which ever party we vote .. everybody will screw middel class .. We need to throw The Current Democratic system.. Parties do corruption on competition basis.. neen elect aadaga 1koti madidre .. Naan next time elect aadaga 4Koti madthini..
Idiot…Bihar and Ap are not from Antarctica …In Bihar and AP regional state parties won..where do you gain knowledge from? Gutter? ..15,000 CR is peanuts to AP. 41000 CR washed away in floods in Bihar by next year. Bihar has always been the prime benefactor of aids and funds since independence and still it isn’t enough for them.
@@shashwatjha1265 parivar me agar 5 log h ek admi kamata h to v utna hi tax lagta h kya GST is enough income tax is joke ye na private sector specially msme jo effect karta h ar middle class pista h Inheritance tax usa ki tarah honi chahiye income tax nhi nahi share market investment me GST lagni chahiye 30% tax 1 lakh per month k upar kamane par 😂😂
Lohegaon, Pune, Maharashtra - No street roads last 12 years, no street light, 3-4 hours power cut every day, buying water every week, paying bribe for any government related work! Status of Hindu middle class. India needs a new strong brave bold daring political party and PM. Neither congress nor BJP can fullfill.
Instead of complaining here to random internet people. You should ask your local leaders.. To be frank it’s not always politicians fault…it’s you people who vote for them.
@@antiidiottaskforce We vote for them and they turn a blind eye as soon as they come into power. There are some exceptions ofcourse but they only seem to happen in samll administrative postions
What is meant by good tax regime. Is it giving freebies and earning without tax. Now itself majority of the people who travel in planes, having bmw cars doesn't pay tax. They have bpl cards also. So it appears, you also wanted to join this group.
@@Nagsbeankitchen you are right i am not talking about ppls travelling in bmw and air ways i am talking abt middle class ppls like us.no exemption in old regime in 4years
@@akhileshp6419 IDT is regressive, it will shoot up the prices and affect economics growth, IDT should be slashed so that it will decrease the prices and more PPL will buy. Other way will influence the buying decision.
Education is not cheaper, healthcare is not cheaper, housing is not cheaper; food items, ration, clothes are not cheaper; travel is not cheaper; petrol, diesel are still costly; for most of the essential items, prices have not come down.
80c remains unchanged! Are they planning to remove old tax regime so that people can't save and invest! Worst kind of budget! This is over oppression on middle class.. why the hell the farmers earning crores aren't taxed
Middle class in India is a divided, voiceless society. They do not come out to vote in full quora to register their presence. This mindset should change to effect a positive change.
Just remember the fluctuations. People who earn less than 7 lak won't be able to pay any tax because they are paying for gst tax and they are struggling to live up there basic needs
**A Question of Democracy: The Curious Case of Tamil Nadu in the Budget** We have always believed that India, as a democracy, comprises 28 states and 8 union territories. However, the recent budget presentation has challenged this notion, revealing only 27 states, with Tamil Nadu conspicuously absent. This omission raises questions about the equitable distribution of resources and representation. Furthermore, the budget grants special status to two states, underscoring a skewed approach that favors certain regions over others. This selective favoritism, seemingly orchestrated by Mami and her associates, calls into question the principles of fairness and inclusivity that a democratic nation should uphold. Despite this apparent bias, Tamil Nadu remains resilient. The state continues to thrive, bolstered by its rich culture, deep-rooted traditions, and robust economic prowess. Tamil Nadu's growth in these areas is a testament to its strength and perseverance, regardless of the inequities in the national budget. while the budget appears one-sided and raises concerns about regional partiality, Tamil Nadu's unwavering spirit ensures it will continue to advance and flourish.
Certain financial assets are investment in equity shares and equity oriented mutual fund units. The Short term capital gain tax on this has increased from 15% to 20%. The long term capital gain tax on all assets both financial assets and non financial assets eg:land, are now to be taxed at 12.5%. Earlier non fin assets were taxed at 20% now at 12.5% and fin assets for long term was 10% now 12.5%. The long term fin assets has deduction up to 1 lakh per annum now the dedcution in tax taxable amount is 1.25 lakes
How to eat peoples money? Politicians :- make them pay more taxes. Say we are providing welfare and eat percentages in them. Say we are creating infrastructure and eat percentages in them😅
Personal tax slab 7 to 12 lakhs should be 10% by which exactly middle could be benefited due to inflation. Now a days cpi has not been decided as before.
This budget has killed the middle class tax payers . Perhaps in the world India may be the first country who do not considered the inflation for profit consideration . The value of Rs 100 in 1991 remains the same as Rs 100 in year 2024 . What foolish budget . Many middle class sell their very old property and move to small city or Village and the profit of property selling is used as livelihood for their life time . Also property are supposed to be very long term investment may be more than 15 years . But this BJP government has killed all those middle class tax payers . This BJP government is acting only for rich class , Industry Owners and for Politicians as these people are always master in how to save tax or avoid tax or to manipulate law due to their high power . The middle class tax payers should understand the dark side of BJP government. Please be away from BJP Politicians. They only talk sweet things through which you will get finished that you yourself will not know .
This budget offers promising tax relief and employment initiatives that could benefit many citizens and boost economic growth. However, its true impact will depend on effective implementation and long-term fiscal sustainability.
Change in tax slabs in congress government. 30 % income tax slab in 2005 -- above 1,50,000 30 % income tax slab in 2006-08-- above 2,50,000 30 % income tax slab in 2008-11 -- above 5,00,000 30 % income tax slab in 2011-13 -- above 8,00,000 30 % income tax slab since 2013 -- above 10,00,000 Based on inflation and when number of people paying taxes increases, tax on individual should reduce. The government did not change the 30% slab since 10y and no change in 80c, no change in many exemptions. Why do bhakts still support this govt ? Blind bhakts are reason and responsible for this.
Good that Tamil Nadu is not benefited like every year.. Karnataka was never considered.. and it was difficult to see Tamil getting unnecessary attention in benefiting schemes.. guess the central government realised where to focus more now
Actually you pay 500, first 3 lakh are not taxed so you pay tax on income after 3 lakh which here would be 1,20,000 which is taxed 5%. So thats 500 per month.
Kya indian govt middle class ke lie kuch nahi karna chahti, kya middle scale business par taala lagana hi govt ka agenda hai, ek taraf aap log self employment aur skill development ki baat krte hain, dusri taraf tax bdake 3 ℅ zada wala money flow band kam krwa rahe hain, shyad se ac main baithne wale hmari finance minister ko road par utar ke dukano ka haal dekhna chahiye kha jaaye business man (middle class) ? Sharemaket par short term gain par aap intrest badha rahi hain aur govt self employment aur skill development ki baat kar rahin hain, bihar main aaj sirf humne thoke hue paan ki pichkari ke siwa kuch acha nahi dikha kahan jaara hai tax ka paisa , lagta hai manniya finance minister ko apne economics ke lecture dobara padne ki zaroorat hai
We were better off under the British! At least there was actual development even if they were doing it for selfish reasons. We’re just doomed with this lot!
ek suggestion dena chahunga :- India me jo bhi insan ITR file krta hai sirf ussi ko ration de sarkar ussi ka ayushman card bane or ussi ke liye bus or train me yatra free kare ...garib logo k liye ration free gehu , tel, chini sab free bus me yatra free 1000km tk chulha free niwas free or garib logo k pass phone milnge 20000 wale bike milegi 1.5 lakh wali ...jab garib sarkar ko kuch deta ni toh sarkar ku de rhi hai garib ko ...ITR file krne walo ko koi benefit ni milta yeh kaisa nyay chal rha h desh me ...
They should have enabled tax deductions for 80c investments in new regime, and increased standard deduction to 1.5lakhs, and removed the older regime. Instead tax is increased for new regime. No tax relief for middle class. No wonder brain drain has been exponentially increasing.
This budget is not for developing nation. We see surge of investors in past 3 years and now government want to capitalise on the trend. They should instead focus on decreasing LTCG.
Government should increase exemption limit in old rigim or they should increase exemption limit in new rigim 8 to 9 Lakh from 7 Lakh for getting 87A benefit and increase up to 5 lakh income with 0 tax which is currently 3 lakh
I was happy when they call it corrupt government in rule ....I was getting 25k but lived rich life ...now salary increase but these guys takes every way possible...shit bjp govt...
Those who are in middle income is never considered in ur budget. Huge money we pay as tax what type of comfort you have given to us thats why many of them flying to foreign and you lose their tax. Worst as usual
pls my honourable prime minister Modi. She will make BJP parti fall down ...so kindly remove Sitharaman from power of finance minister .... I felt that you don't understand that much bad things in budget of 2024...pls keep some good financial adviser and take decision yourself .... Every employee died when they reach 15l their salary as take home getting reduce bcz of 30% deduction...... it is huge deduction. pls understand us our family we belong to next to poor as middle class family.
Ye budget sir rich logo ke lie achha h Or government job ke lie Lakin private job ke lie kyo itna burden dal rahe ho M ek private job krta hu Or 5% tax bhi dena padega Government job valo ke lie kyo nahi Es bar Bjp ne sahi nahi kia M har bar bjp ko vote kia krta tha Lakin ab kabhi nahi Bhaut mehnat se paise kmate h or government humse ye Paisa chura Rahi h
Amit Shah Count Karte Huay 4 Crore Votes to Salary aur Pention waalon se mil jayega.. 210 Lakhs youths ke Votes.. Employee saare aur Emoloyer ke bhi Votes hame milenge Modi jee.. Saare Sarkari Zameen Bech ke bhi ham dher saare Paise kamayenge.. Aur Privatisation karte hain chalo saare Sarkari Sansthayein.. Firr to Paisa Hi Hi Paisa Hoga Modi Jee 😂😂
