YOUR Taxes should be lowered-- here is WHY? | Must watch video for Taxpayers! Akshat Shrivastava 

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Our Nirmala Tai cannot digest because she doesn't eat onion

A honeybee sucks nectar from the flower without harming it. An ideal govt should also tax its civilians without harming their financial life.

I was paying more taxes in India then I am right now in another country, and was getting absolutely nothing in return. India definitely needs to reduce taxes.

Even BCCI earns several thousands of crores in revenue every year but pay zero taxes claiming to be a 'charitable organisation '. Something needs to be done about this.

He is better than our sleeping(Finance) Minister!!!!!!

Imagine an India with lower taxes: more jobs, higher incomes, and unstoppable economic growth

You nailed it bro , I wanted to start a business in India but the bureaucracy and tax is so high in India that I decided to do it outside India , India really needs to reframe the tax system so that it encourages people to do business and pay tax with some benefits.

The problem is we are not getting the quality of services for the tax we pay. The politicians(both bjp and congress) eat all of it

Paying 30 percent income tax, extra taxes for everything that I use including health insurance and education. You tax like Switzerland and give services like ......

*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides*

BJP own Dr. Subramanian Swami also advocated for abolishing many form of taxes and lower the other since years but the government increased taxes instead. No hope from this government, they are not people or business friendly except their crony capitalist friends.

Our Finance Minister is a pathetic...She does not know about finance.

sold my ADA at a loss but I don't care. its been weighing me down for years in the red.... time to organise and put in XAI46K

this video should be broadcast in parliament

Politicians hold black money in real estate then why would they solve problems .

Well taxpayers cant block roads and create ruckus on public properties as they need to do their 9-5 job. Toh chalo chupchap tax bharo majdooro. Jai jawan, jai kisaan, bhaad mei jaye middle class!!

That Mumbai is somehow developed city than Dubai photo sarcasm was lit!!

Well I agree with your analysis. One point I would like to highlight is the fact that we are paying 18% GST on already taxed income. So effectively our total tax outgo is much higher than the 20%, 30% etc. bracket. While the salaried people have no way to go, every unorganised businesses I know of do not pay taxes inspite of having many times higher incomes than an average salaried professional.

High taxes and no services for all the tax, we still need money for education, healthcare, old age social support. All other countries that have high taxes give their citizens good services. Our government sucks cash out of the system as taxes and wastes it on random useless things plus uncontrolled corruption, even our new roads are not from our taxes, we need to pay high tolls for that too.

Lucky for those who had XAI46K since yesterday, but more green days to come

Taxation in India is Like terrorism the authorities target people who are in the net already as they know people who are earning so they can extract them... GST is becoming the nighmare for small scale ..RCM, Three returns, TDS etc are a bad policy thanks to impractical FM who doesn't understand that small business cant employ full time CA

Huge XAI46K holder here and slowly building my Ada and Ckb bags

Just swapped all of my last ETH and swapped it into XAI46K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

Some more minor points to highlight: - if you are living in Mumbai, you can see bmc car coming to take away street vendors' things. The next day you can see their setup again. If the vendor is going to occupy same place n do business, local government needs to work on some solution instead of the vendors paying illegal haftas. - Many people while buying gold take a non-gst bill, it benefits seller n buyer both. - It's impossible to imagine but there are many unorganised businesses/profession (like doctors etc) where they ask to pay fiat money hence preventing showing their actual income. Why do only the people working in systemized organizations need to pay taxes on behalf of such people?

The fact is, nobody is going to do anything ever.

The sad part about the country is Finance Influencers can give these many suggestions to improve the economy but the finance minister or the govt cant do it.....

The Taxes need to come down drastically. Current taxation is a sheer loot of the middle class. Great Video Akshat.

So many expectations from government from past 75 years.. and situation still goes from bad to worse. They will always ensure taxpayers remain poor for ever by sucking tax in every possible ways. Its time comman taxpayers unite and bring reforms on our own... big influencers must unite to bring people. together

In India, the "Bull Brain" Government has already stopped publications of various data, like Unemployment, GST collection, etc. So please don't think they will ever allow any third party audit of proper utilisation of tax payers money for public goods, not even in Panchayat level. Even as of now, no meaning full discussion is allowed in the Parliament on Budget heads and the Finance Bills are passed by force, may be not called it by bulldozers!

It's not the transparent system that kept the real state of Dubai in check, it's the transparent people who made the transparent system.

Also government employees should not get permanent job security…evaluate on the basis of performance

This guy which is a youtuber is so much better than our finance minister who doesn't understand anything and is a complete waste. This shows how badly we are positioned right now.

You have not addressed the elephant in the room... corruption. Conservatively, at least 60-70% of our taxes are diverted through kickbacks in virtually every contract given by the government. If corruption was eliminated like Singapore, our taxes would be used more efficiently and our rates could be reduced by more than half

In a country where 96 to 97% of the population is dependent on taxes, lowering of taxes is never going to happen. I could never blame the politicians as they would lose their votes. No one enters poltics, invests a fortune, travels the whole country giving speeches, distributing flyers and pamphlets, just to lose elections. When the majority voters are dependent on taxpayers money, there really isn't much anyone can do.

Corruption corruption corruption, if corruption is stopped, things can get better..

Itna gussa aa raha mujhe, 10 saal se RD kar raha mai 3 lakh interest mila jismein se 1 lakh government lelegi. Bahut gussa aa raha. Jis paise par mai already tax de chuka hu aur bacha khucha paisa invest kiya uspar bhi 30% tax le rahi govt. Aur mere paise ko free mein baat degi.

The government should decrease the taxes...

Abolish income tax. There should be only GST. That way everyone is taxed. Not only the salary class

All these suggestions are amazing!

100% agree to each and every point..

As a salaried person I think I work for the government for 5 months The TDS and the rest for my family. Which contains remaining 7 months, from which another 3 months are for The INDIRECT TAX and the situation gets worse when there are hospital expenses, then you have to pay the income tax by taking a loan 😢😭😢 My real story. Happened to me last year. And when my salary was less, then government did not even come to ask me, son did you eat food today? As well no relief in education for open category considering we are born rich 😢😢😢 now who should explain them whether we completed our studies by working hard and what not for money. I don't know who will hear my voice. Just government want TDS first as they want their cut (for freebies) and then we spend the money for our basic needs. Just because we are salaried and have no fair voice for expenditure of our TAX. This is injustice to the entire salaried middle class. You Study hard, You work hard, You sacrifice your life and pay them the TAX.

Current scenario of Direct Tax : The amount of Direct Tax that I am paying, had I paid EMI for Home Loan, I would have a 2 BHK in metro city. Despite paying such high direct taxes, I have to pay high indirect taxes and suffer from poor govt services. There have been incidences of bridges falling and no government employee is jailed for this loss of time, money, lives and progress. There needs to be a law for punishing these bureaucrats who do not do their duties !!

Real estate black money is mainly working due to circulation of liquid cash. If all the denominations above 100 are demonitised and make all the real estate transactions via digital transactions on a government platform that anyone can buy and sell without any third party requirement for transferring the ownership, then it can be addressed to some extent.

America with 43% tax payers we need more tax payers to increase revenue India with 0.3% paying 80 % taxes India has a lot of tax

Free market economy with lower taxation and wider tax base is the solution

This all sounds good in theory but you are missing: 1) Dubai is small country with monarchy - they can make laws without street riots/protests about taking laws back 2) Corruption and stealing in Dubai is dealt with chop chop square worst case or deportation and severe financial punishment and jail time 3) We have huge population that is totally dependent on government to survive and basic needs - food 4) Money is used by our politicians to buy votes from the population in 3 - they are 98% of population 5) Tax breaks for farmers and other appeasement vote bank policies 6) Ancient government system with lots of useless bureaucracies with bureaucrats who are focusing on keeping this useless system Comparison to Dubai, China etc is useless. They have government that can dictate laws. They have populations who are compliant and not troublemakers - our population is filled with thousands of people who are always looking to create trouble. Law and order is supreme, chop/chop and quick trials is the norm - not our useless judiciary. Their leaders and people want their country to progress and go ahead. We have lots of groups who are interested in their own agendas which are against interest of country and tolerated because of vote banks. Only way anything will improve is strict military dictatorship with iron fist that is business oriented and says enough socialism/communism. Also for the China lovers, it is not communist, it is full capitalist dictatorship.

These suggestions are really good. We must bring outcome driven taxation and also that point where corporates must be taxed as per their employees strength for better distribution of wealth. The problem with our country is the power is with fanatics, who doesn't have vision. No surprise they still have an incompetent FM in center.

India: Take tax like European countries and provide services like African countries

All things said and done... Why do i see a Pringles, Chocolate cupcakes and some sweets neatly tucked away on the top-shelf in the cupboard? Daya, Kuch toh Gadbad hai..

Great informative and valuable video akshat 👍🏻💯

Akshat in reality: 1. Even if you make corporate tax zero, stil they won't give any benefits to employees, instead keep that money in swiss banks for their children 😂😂 2. People well aware that even they pay 50% of their earnings in the name of taxes, still they don't get anything (services like health and education, standard living)... 3. India has great FM where she doesn't eat onions hence she doesn't bother about its prices...

Direct tax should b abolished altogether. Ppl should b taxed on basis of their purchasing capacity!!

थोड़ा आप हिंदी ज्यादा use करोगे तो हमे भी आपका video आसानी से समझ आएगा। इस video में तो हिंदी थोड़ी बहुत use की है , बाकी में तो वो भी नही करते आप।

As long as we continue to have dumb(mentally) FMs no use expecting tax reforms in India

Wow.. excellent analysis and profound understanding of economic issues.

Amazing knowledge n great effort on explaination and showing up so transparent n real 🎉! Appreciate all the effort Akshat . The future gens will thank u for the change ❤

Tax Slabs needed 5 - 10 lakh : 5% 10 - 20 lakh : 10% 20 - 30 lakh : 20% Above 30 lakh : 30%

The course price that Akshat told 14999 (inclusive of 18% GST) My POV bhale hi GST 5% hota still he could structure the course price 14999 (inclusive of 5% GST) thoda zyada kamai ho jati The price been set is irrespective of GST there are no barriers whatever number u can place. If u really want to sell at low price 2999 or 1999 (inclusive of 18%) that still works

Really appreciate the way taxation is explained and solutions shared. It takes a lot of effort to share such a sensible video. Thank you for sharing the knowledge. Incredible one.

Wow... very informative and interesting, people like you should come to ultimate power to see the real change in the country...🤩

Akshat has solved India's economic problem and plugged in his business in 23 minutes. Something his wife who has served at the Government has not ben able to do for over 5 years.

Who ever says Mumbai is developed more than Dubai is Gay.

Welfare schemes (or freebies) drive people (masses) to vote a certain manner. Even I want taxes to be lowered, but this is a going to be a long tug of war between "VOTE POLITICS" & "Long-Term GROWTH FOCUSED POLICIES". BJP has realised this after the Lok Sabha elections, and therefore even they have started khatakhat scheme of their own, promising Rs 1,500 monthly cash fund for poor women in Maharashtra. BJP will play very safe, as they cannot afford to loose support from rural poor people. Remember, it was shocking to most people how badly BJP lost in poor rural constituencies. I don't have high hopes.

Great video, liked the outlook to see the problem, then presenting the logical solutions.

Very true..They are even taxing Puffed Rice ( Bhel /Muri )..How pathetic is that..Bridges are falling down but still taxes are increasing..Main reason for BRain drain is the Taxation process is India...!

No tax for people upto 12 lakh per anum income.

Agree! Really practical & important points.

Please make a video on how to read a balance sheet.

At 15:55 in video the map of India does not have J&K state. I have huge respect to you for your knowledge and aptitude sir. But honestly your video editor did a pathetic job of maintaining your respect. You should also have taken care of this. We don't care what far-fetched logic you or he had but that's just wrong.

How about you correct the map of India before posting a video.

PART 2 PLEASE

Sir, worst is even Debit fund is removed of Indexation Benefits which was actually to beat inflation .

My question to akshat is very simple, how can we compare small countries with india and give policy advise. Hungry, UAE, singapore are tiny countries with population size not even matching delhi NCR

Whenever India' map was shown on this video, J&K was entirely not shown as part of the map. This is the first time I've seen this on your video. As you also claim to love your country, India,...your video editor has done a disservice to you. Please check. Taxation bhi thik ho sakti hai, corruption bhi remove ho sakta hai... Provided, yeh desh rehna chahiye. Yeh dekhte hi band kar diya, didn't watch it full. Disliked and reported it.

Akshat UR suggestion is obviously true & to be practically insisted. Tq

India's map without J&K? Have you lost your mind?

Please correct the India map at @15:51 Give a dose to your editor. It's not acceptable

Bhai this is great video please tag or send this information to our finance minister and prime minister and our niti ayog . It help country . Great intatiative to help india to grow .

Subtle way in which you touched on loss to economy due to quality issues was very good and important 👏👏👏

At 3:29 Atleast Get the map of India accurate. Why are even most educated presenting with a map that don't show Ladakh and Kashmir as part of India. You have no right to speak about the countries policy if you don’t even care this much for it’s integrity.

Logical reasoning for Mumbai prices higher than Dubai is the demand due to higher population, how stupid can one be to run a finance channel and not know this simple thing 😂, And before cribbing about high taxes by comparing it to others just keep in mind one thing i.e. 142crore of population that we have, Its really easy to crib and give gyaan to govt. sitting in AC homes about reducing taxes, but the govt on the other hand has thousands of responsibilities which is simply beyond our comprehension

In today's scenario, the IT sector is not doing well from employment perspective...and exemption of labour laws is a bummer , with lot of youngsters being laid of in the name of profit generations....which is very disheartening , as India's future is at stake. Your point is very valid that corporate taxes should be outcome based and if IT companies are taxed at substially lesser rates, they can employ larger population and also still keep their profits. Am surprised that with the government machinery we have, nobody has even thought about implemeting this outcome based taxation !! Kudos to you for speaking your mind !

I m working in Finland (which many claim as highly taxed country). I pay approx. 28% income tax, and I was sad to learn that I am heavily taxed based on the perception of people from other countries (not India). I feel happy now to know that I am doing great. The services here are great.

3:28 & 15:51 why this india maps is wrong. J&K is part of india . Are you indian or not 😡

*Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and I appreciate Amanda. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading*

Dear Akshat, your content is always honest, one important feedback on your latest video there's something seriously wrong with India map shown in the first minute of your video, kindly correct it immediately.

Very legitimate suggestions. Hope something may turns up. Thanks and regards.

This topic deserves instant thumbs up even before watching

Very good

I really liked your ideas on reducing taxes and how it will benefit common people. Hope atleast somethings will be happening in this year budget.

I suggest you study Laffert curves to understand what the right levels of taxation should be for each type of tax

Very well articulated. The system needs to change.

Very insightful video Akshat. Hope this reaches some lawmakers with the power and hope atleast a few of them are given a serious thought . Kudos to your work.

Hi @AkshatZayn 1) Does your portal assist in tax ITR filing? or is it just tax consultation ?

well explained -welcome

This is going to be one of your best videos 😊

Looks like you are back home!

This should be broadcast over speakers, large screens across India. The bane that is income tax!

Thanks Akshat.Great job done.