Skip taxes up till 10 L 10% up till 20L 20% up till 30L 25% post that There is already insane gst which everyone is paying for every damn thing.. avg gst is 18% 😢
@@tamilvendans4892 even then, almost 30+10=40% is gone to govt!! While 95% of the country pays only 10% because they are not in formal tracking of income hence no income tax..
@@akhilkrishna1148why it didn't collapse after giving tax break to UHNI ?! Their surcharge was reduced from 37% to 25% last year imagine how much money that would be and how many families could get a boost with that money split equally!
@@ahmadabidi-i3c so do u think FM will take decisions without modi ? She just implements what their govt need, She is financial face of the govt and the worst of all is she is arrogant that makea her double dangerous
Dude we only pay 22 percentage of the national income as tax....considering the fact that we can't print rupee like dollar unlimitedly, it's unreal to expect such unsustainable proposition to be practical....unless you want inflation
@@pranavvenugopal2609 do you see any advantage in paying high tax ? This year RBI has huge surplus dividend , they can easily reduce and must reduce as I don't see any advantage , roads are the worst in my locality ,no garbage disposal , public transport like train is getting worse , why should we pay huge taxes I paid 6 figure tax this year. Tax system is just like Lagan of older days , give money to government to just exist .
@@pranavvenugopal2609 no it go upto 30% if we include indirect tax also which is paid form money from which you have already paid income tax ( direct tax ).
Increasing limit by 50k is peanuts considering inflation for last 10 years where budget has hardly improved!! Even expecting this peanuts becoming a reality is a dream come true.. how pathetic is the situation of middle class tax payer 😢
what inflation are you talking about? is your information from whats app university. inflation is going down in india!!! get your FACTS correct. check 3:45 from this video , get a good look at what has changed in the past few years , and 50K might be peanuts for you but its 2 months salary for a middle class indian !!! come out of your BMW and talk.
They need to stop charging 28% gst for splendor buying guy and 5% gst for the guy who buys chopper….do they think we live in autocracy to loot low and middle class people!
If there are five family members in a family and there is only one earning member the income should be equally divided among the five members and taxed accordingly. Because per capita income drops if there are more family members and less earning members.
1) 5% Tax till 10 lakhs 10 - 20 lakhs - 10% tax 20 - 30 lakh - 20% tax Above 30 lakh - 30% tax. 2) Ayushman Bharat scheme should be expanded to every citizen with a cover of 10 lakhs. 3) Every City/ district with 10 lakh population should have AIIMS hospital 3:09
People voted Modi got taxed in 2014. Still voted and got heavily taxed in 2019. Now let's see. I don't see any light at the end of the tunnel. We have to change this government.
As a common man, my expectations are in the lines of, 1) discussing and piloting Non-Cascading Transaction Tax Proposal, as comprehensive alternative of income tax, GST and property tax 2) huge budget allocation on infrastructure 3) increased budget to military technology renovation 4) increased budget toeducation 5) increased budget to quality healthcare and to insure health to all indian citizens and residents
If a salaried individual is paying taxes, he/she should get the following benefits: > Above 2.5 L taxes - Should be eligible to get all government services without queue and without any fees. Eg: PF office, Post office services, DL renewals, property registration, property tax, fuel surcharge, medical insurance of Rs.5 L for the tax payer etc. > Above 5 L taxes - Few additional services apart from the above list. > Above 10 L taxes - Few additional services apart from the above two brackets. If the services are good, it will increase the number of tax payers too generating more income for the government. And, as part of new budget - please start taxing all the government employees, MLAs. MPs too. If I am not wrong, an MLA/MP's salary is 2.5 lakhs per month. So, he/she should pay the taxes too.
Dear Sir/Madam, 1) No Incometax upto 10 lacs. 2) SENIOR CITIZENS Incometax rates after5%, It is 20%, it must be 10%. 3)Salaried Community is paying Incometax sincerely, they Required much more benefits, llike more deductions and exemptions and Standard Deduction must be 1.5 lacs. 4) Capital Gain Tax on Shares , Equity.. etc., must be removed. 5) Concessions to Senior Citizens and Lasdies in Railway Tickets,must be Restored and give to all classes as did by Sri Rajeev Gandhi. This will have impact on comming Assembly Elections. 6) Dividend income on equity shares mist be removed in respect of Individuals.
We should adopt the tax is only on consumption and not on income. It will boost the consumption as well as manufacturing. Near term we will see the spike in inflation but once our manufacturing increases then we will be in good shape. That way we can also boost our manufacturing sector.
1.Govt should cut price of Diesel and petrol about ₹ 10. 2. Reduce Gst of Mobile Phones and Home Appliances like TV, A/C etc. 3. Reduce Vehicle Gst. Promote Hybrid cars and Electric cars. 4. Increase train services and increase train coaches for ordinary people to travel. 5. Toll Booth charges should reduce. 6. Invest more money on employment, health care, Higher education, Tourism, Hospitality, Public transportation and Waste management. 7. Govt should increase to build new house for bpl people
I applaud the media and the influencers for adding the immense pressure on our FM about this whole tax thing. At the same time, I admire our FM's work & courage(but still I sure wouldn't wanna be in her position right now). This is how democracy should work. Free press speaking out the voice of the people, and the leaders who have obligation to listen to that voice. Whatever is the outcome, I am sure she would have had enough reasons to come to that decision. After all, it is not just her who is working BTS. She must have weighed in all the options presented to her by her team.
Why no standard deduction for retirees who have no pension and survive solely on interest of their meagre savings. When will our Sadistic FM realise that she is accumulating curses of the elderly like Arun Jaitley did.
I have a bad experience during last 10 years. 1. Deposit interest has come down. For a retired person every paisa matters. 2. GST is imposed on packed rice atta, clothes, banking transaction, life insurance premium , even on the application form for applying jobs , on almost everthing. 3. Lpg cylinder costs double as the rebate came down from Rs.450 to Rs. 61. 4. When crude costs 80 dollars , petrl cost was Rs 80 per litre. When crude price was 25 dollars benefit was not passed on to customers. In stead eindfall tax is levied on oil refining companies. Cost of dal dobled in 10 years . Millets cost has gone up by 200%. Rly concession airlines conession have gone. I HAVE NOT COME ACROSS SINGLE BENEFIT TO SENIOR CITIZENS.
Income Tax is very high now. Decrease Income tax. Standard deduction should be 1,00,000. No Tax on interest income for Senior Citizens should be upto Rs1,00,000 and it should be extended to new regime also.
Yaa she will show us babaji ka thullu… Indian middle class is seriously fed up of 30% tax slab with extra gst on everything with toll tax with registration fee n a lot of other form of tax 😡 I do support bjp for nationalism but now taxes going beyond us
Reduce Taxes from poor family in India, we dnt have our food to eat, so how to pay such high taxes to govt. From Assam Karbi Anglong.our wages is very less only rs 300 perday but the taxes is very high to give.
We gives like both taxes, example, during filling a petrol, market goods, recharge our mobile phone etc, everything become high rates.our income is less but our giving is high not balancing.
Waste of time. In the history of independent india since 1950, FMs are there only to break financial backbone of middle class only and they will not touch upper class while poor will survive anything. GST is too much especially on Health Insurance premium at 18% etc. Nothing will come for we middle class. I put the comment without viewing or hearing the video
Govt should reduce no. Of gst slabs to just 5, 12 and 18 and revise the contents to make it easy for general public. Common sense tells helicopters should be charged more than cars and AC’s but we have such a govt where it’s the opposite. And y is health and life insurance a necessity being charged at 18% . Is the govt giving any subsidy to tax payers?? None right . So y can’t u at least reduce taxes on essential items for gods sake. And income tax slabs has to be revised or else be ready to face a decreased economic growth due to decrease in consumer spending. Common sense says that if ppl are struggling to make ends meet with rising inflation they will not have money left to spend thereby decreasing the gdp by consumer spending , so only way to change this is by reducing tax rates , but idk what the govt is thinking?? its like u ppl want us to be angry and dissatisfied with u.
Remember the june 4th results. If you don't count on that then the 20 hours working of Modiji will vanished. Common people must enjoy atleast some little. Fm smile with budget bag for what?????
Gst Should be max 10% and should be super strict in implementation...income tax max slab should be 20% and should be super strict in its implentation too...
Middle class be allowed to claim up to 20% of GST paid by them for their daily FMCG products if they upload GST invoice on their PAN .This will improve GST base also in addition to give targeted relief to middle class .
The vulgar display of wealth in recent Multi billionaire weddings lasting over a month, has convinced millions of the need to reintroduce Wealth Tax for the Super Rich, Secondly we Indians cannot see beyond children and grand children. So there is a need to ‘Impose Philanthropy’ with a ‘Personal Social Responsibility Tax’ on those with wealth more than 100 crores which should be only used for Education, Health, Environment, Wildlife & Nature conversation, Culture, Sports
Adjust tax rates based on Per Capita income. India has one of the lowest per capita income. GDP is a joke. All these tax exemptions are made to satisfy millionaires only, so to aid in their election campaigns
Income tax should come down or be abolished. All commodities are taxed anyways. This will increase both saving & spending which is great for economy. Once income tax is reduced. More people not paying tax will start paying tax. Rich farmers making more than 10Lakh also should pay tax.
I feel that the new budget mostly covers the area like infra education. Mostly I think infa they build more roads compare to last year so they spen huge amount that's and also railway. ASHAVANI VAISHANNAV HAS ONE SAID LIKE THEY HAVE A PLAN TO DEVELOP NEW STRATEGY IN RAILWAY SO I DONT HOW MUCH EFFECTS OUR BUDGET.
India get ready to have a higher inflation this time . If the government raise the tax slab and more money is with the PPL then PPL will have more money to spend and the essential items prices will go up It's basically a rat race. It would be better to put control on prices of essential items then raise the slab rate.
They make tax more complicated rather than simplifying it, above 2.5L just make flat 10% tax. currently 98% people don't pay direct taxes. So if tax is simplified and less, those who are earning in cash and hiding real income will eventually declare their income and pay taxes as handling black money is risky and cumbersome process. assuming even if 30% increase in taxable people government income will double.
defence budget badhao, hamare jawan bulletproof vehicles ke abhav se virgati prapta hue. modiji defence budget hamare GDP ka 3-5% hona chahiye varna me agli baar aapko vote nahi dunga😡😡😡 hame esi development nahi chahiye jisme hamare jawan ka khun laga ho 😡😡😡. Jai Hind 🇮🇳🇮🇳🇮🇳
UK TAXES up to 12Lk. 8% NI. + 0% TAX up to 12L - 50L. 8% NI + 20% TAX up 50L - 125L. 8% NI + 40% TAX up 125+ 2% NI + 45% TAX + 23L+ STUDENT LOAN. 9% + 0L Employer Nat Insurnce 13.8% + 20% VAT Value Added Tax = GST
Average Tax rate in Sweden is 56%. In India with all exemptions it averages 24%. VAT is 23%. Average Tax in Denmark is 49%. If Indians are willing to pay these AVERAGE range of Tax I am sure India will be able to provide for all other facilities enjoyed. By the way Danes/ Swedish DO NOT TAKE BRIBES AND HIDE MONEY NOR MAKE "BLACK MONEY".
FM and govt have to put effort for common tax payer, look at how the corporates, businesses company owner are enjoying their life, and tax payers pushed more & more
I have no hope with this government, I dont expect them to change anything as they did not do any reasonable changes in last 10 years. I don't expect they suddenly awaken now.
Middle class salaried Indians are majority tax payers , who dont have any lobby nor voice. so govt needs money but it is unable to tax all taxable Indian. So what govt can do ? do want govt to sacrifice ? how govt will run and how political party can run and how elections can happen ? Come on guys do your duty without expectation !! sacrifice for the nation, give up your luxury !! are you starving without food ? why do you need tax cut ?
Overall IT+cess+GST = 40% to 50% of a salaried person's income. Fuel is separate. And whats the return they get on their taxes? almost nothing.. Introduce banking transaction tax and do away with personal income tax and GST
😂😂😂.Don't ever get deluded. There won't be any Tax relief for Middle class. The upper class will get it and the Lower class will get some more freebies.
This govt better come with better relief tax system or else no future for growth in personal view which gives rise to country growth for the future if govt does not c people pain nd says empty ur pocket then the country is going downhill
