Abhijeet Mutha’s Post

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Investment Banker | Co-Founder - Mentoverse, AssistFit | CA (AIR 21, AIR 14) | Ex- J.P. Morgan | KPMG | National Athlete

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

Umair Khan

Technical Lead and Engineering Manager | Cloud Practitioner | AWS | Azure | Angular | React.js | Java | .NET | Node.js

1mo

Looks like divided by boundaries united by issues 😔

Dharmendra Singh Parihar

Project Manager | CSM® I Prince2

1mo

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।

Divyang Bhargava

MT - Strategy @ Veolia | MBA, NMIMS Mumbai Co'24 | Former Photography Head @ Xplore | Adani Group | Accenture | 460K+ Impressions

1mo

Our income is income, their income is donation/charity. 😭

Muhammad Awais Shah

MERN | Rust | Web3 | Defi | NFTs | BlockChain Developer | DevOps 🚀

1mo

Same pakistan Divided by border united by issues

Rishikesh Kasne

AVP at Mizuho Global Services

1mo

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.

Shrayash Jain

Stamp4 - CFA L2 Candidate Finance Graduate at Mercury

1mo

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

Deepanshu Grover

Deal Operations Manager | LetsVenture | Onboarding startups, Screening data, Running fundraising deals | Client Relationship | Investor Relations

1mo

That is why people prefer to settle in other countries

Vishnu V

Senior Data Engineer at Synchronoss Technologies| ML/Data Engineering | NIT Calicut | Deakin University

1mo

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.

Ankit Tiwari

CA | Auditor | GT UK

1mo

Fyi - tax is computed on taxable profit not business revenue.

Dr. Jenil Desai

Pharmacovigilance officer | Triage Team | ICSR | Change Control |

1mo

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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