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Salary 7 crore Income Tax 3 crore Business Revenue 20 crore Income Tax 50-80 Lacs Agriculture Revenue 40 Crore Income Tax 00000 Political party revenue 7,000 crore Income Tax 00000 IPL revenue 12,000 crore Income Tax 00000 And they ask when is India’s brain drain going to stop! #incometax #india
No matter how much you scream or shout, it doesn't make a difference to the government. Here, the rich don’t care, and the poor don’t pay income tax, so who is left, only the salaried middle-class to be squeezed? The government doesn’t see them as a vote bank, so why should they care? ख्वाहिशों का काफिला भी बड़ा अजीब है ग़ालिब, अक्सर वहीं से गुजरता है, जहां रास्ता न हो।
Our income is income, their income is donation/charity. 😭
Same pakistan Divided by border united by issues
other countries also have heavy taxes excluding a few tax heavens .. but in exchange tax payers enjoy good healthcare , infra , education for children. But here we pay taxes and govt. healthcare is not good. we have to opt for private hospitals. govt schools are worst. we have to pay heavy tution fees in private schools . govt colleges are good but we have to let VIP reservation people go ahead. it is not just about tax but about the spend. every govt scene is for poor. free stipend upto 10000rs ( today's news in maharashtra) free electricity , loan relaxation. and what not. we don't get any money paid in taxes back in terms of facilities.
Its same in every where Taxes in Ireland are 20% and 40% flat not a single deduction you can opt for. 1. Not sure about education but Masters was waste of money 2. No security every other day there is stabbing going on in city center, Irish people are afraid of going to city center once it dark 3. Only city developed in Ireland is Dublin or might be Cork 4. Very bad public transport in rest of the country other than Dublin, Dublin is okay 5. Talking about freebies their is housing crisis but Government is busy importing refugees, very high rents, utility bills and expensive groceries 6. Because of refugees its very difficult to get an GP appointment 3-6 months waiting to get an MRI scan 7. Average price of 2 bedroom apartment around Dublin is €400K 8. Can’t even talk about railways, darts are full of hooligans, no laws for juveniles. They can do what ever they want
That is why people prefer to settle in other countries
Salaried individuals face minimal risk, which is why they are taxed more. Entrepreneurs take on more risk, and we need more people like them to stimulate economic growth and create more salaried jobs. This, in turn, increases tax revenue for the government. I am not sure if agricultural income is entirely tax-free. There are specific clauses and conditions that apply. The BCCI is a sports management organization or association. We provide tax exemptions to promote sports. Keep in mind that there is only one BCCI for cricket, making it a unique entity. Political parties do not generate income; they rely on donations. They are similar to charitable organizations in this regard. While it is valid to argue that salaried individuals are overtaxed due to the combination of GST and income tax, let's not undermine the issue with oversimplified arguments.
Fyi - tax is computed on taxable profit not business revenue.
In my opinion your point is valid for some aspects but here if we talk about agriculture revenue of 40 crore dude are you kidding? Do you even know how much efforts and are needed for agriculture and beside all of this crops prices are decided by "mandis" and not by farmers and despite all of the hardwork most of the crops are been spoiled due to environmental issues and much more.... Back to the point none of the farmers are happy today despite paying "zero" income tax. Still they feed the country happily. :- By a proud farmer
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1moLooks like divided by boundaries united by issues 😔