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Not sure what is your intention, Akshat. This has always been the case. At least a higher % of our tax money is going for actual development. Else 75-90 would go into the pockets of politicians and such. The tax base is also increasing rapidly. And most of all India is rapidly building up. Can that happen without money?
Ur not middle class boss🥴 middle class annual income generally below 10lakhs, while u earn that amount everyday maybe more , but i do agree tax benefit should be given for ur efforts
The funny thing is that when we take private health insurance government is taxing 18 percent GST on that too while its the duty of the government to take care of people's health . It's absolute tax terrorism happening in India
There are so many poor people in our country, who don't go to doctor. How dare you complain about health insurance? You anti-poor, immoral, spoilt brat !
People are becoming smarter.. But we are in bits and pieces.. We cannot do anything about it.. If 1 vote is against them.. they will buy 10 poor people vote by giving them food and daru for a day or 2. We are a minority.
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I am an Indian who works in a Swedish company. They get many more benefits aside from health, education etc. 1. They get 50% subsidy from govt for "ROT and RUT work" (cleaning, moving, repair etc) 2. If you are sick for a long time and can't go to your work, the govt will pay you 80% of your salary 3. You can take leaves if your child is sick (VAB) and the govt pays your salary for that day These are just a few. People there get so many benefits which are unimaginable to us Indians.
@@henrystevens3993 I live in India and work remotely. So I pay my tax to the Indian Government as well. When you start paying 10+ lacks of tax you will also start cribbing about "your" country
@@SafavidAfsharid3197 so you think they earn that much for without doing anything?? It's their hard work. And i think if there's a problem u should talk about it and stop being andhbhakt of govt
Ghanta truth when we compare Germany recession me hai india nhi he is like a developed country can't be compared with developing country now what he has done here he is manipulator u f**l
@rishav Better lifestyle, more money, better services and less BS. Also effective taxation is lesser in US than India for my salary. @Raj Kumar - Not threatening bro. It's a decision I've already made. :) I will come back to India though in a few years when I have the experiences I'm looking for and have saved enough to fund for any of my needs.
I can confirm this is true. I live in Europe and the protection we get is worth the tax. 1. Free education: Any citizen or someone with PR can get free education of the highest quality. 2. Unemployment benefits: If you loose your job, the government would cover some benefits for a reasonable length of time. Now you can argue, the government of India also gives unemployed wages but that is like 500 Rs which is practical useless for most people. 3. HealthCare: You can get the highest level of healthcare without any heavy medical expenses.
Unpopular opinion: As shareholders vote for whatever decision a company takes, similar taxpayers should be allowed to vote for whatever expenses the government decides to spend on from their money.
Only those who file income taxes regularly and honestly should be allowed to vote. Universal suffrage is a fatal flaw of democracy. It should be more of a qualified suffrage: no crime/time served as per crime, taxes filed and not on welfare for more than 6 months. Seriously 😑😑
@@Harsh-rf9k right. But I assume system was made to collect taxes from eligible taxpayers and provide services in return to ALL. Now the problem is, who is getting services? Top 20% who is paying for it? Lower classes? I think no-one.
@@Harsh-rf9k comeon i mean they are not upto the mark of what we pay. I visited some govt school for some exam few months ago and it was like old age haveli with broken benches.
New parliament is another example . It is just about showoff and not about doing anything practical. but criticizing gov is nowadays is also considered as being anti-national
You are 100% right about absence of Tax on Agricultural income in India -- Most politicians own large tracts of land often Benami and will not allow such Tax bills to be passed. This is i think single biggest Anomaly which is coming in the way of Development in India!
Dont worry bro if agriculture income is ever to be taxed it will come with tax bases too like normal income theyll focus only on the rich farmers, and also sadly it wont happen for decades to come casuse obviously we know half of the population is in agriculture theyll think of it as an attack on them, and the party ruling will loose power in the next election! No one will dare pass such a bill even if they are not corrupt lol
I totally agree with you but I have a question because of some politicians you want charge tax on agriculture ok as a son of farmer we will pay taxes but when we got maximum times losses then we got some subsidy.
Thank you for speaking out and spittin facts. You are the voice of the sensible INDIAN trying to make a difference in a country filled with hypocrisy. More Power to you brother !!
This video felt like it came directly from your heart. I actually resonate with you on this one and you pointed out some of the most critical and sensible items to think about. Keep making such content and we will keep sharing this knowledge to bhakts
Charity is something we give what we have extra to help others and get satisfaction but here it is nothing related to charity. The right word is systemic theft renamed as collecting taxes.
@@iamnothing85 Couldn't have said it better. And this is why we are seeing so many people leaving the country and they are mostly the ones who can actually take this nation forward.
Issues of the middle class being raised by a HNI 😅. Middle class are the dumbest. Anyways, Akshat is obviously correct about all his points. Atleast he is trying to wake these dumbest people up to reality. 😊
The government boasts of implementing chanakya neethi and arth shastr in the governance. The same chanakya advises that collection of tax should be compared to a bee collecting nectar from the flower, the bee gets what it wants without hurting the flower( chanakya doesn't talk about the cross pollination benefits for the flower😂) in our case the bee is ruthless, sucks the nectar and stings the flower. The scenario for the salaried class is such an inconsolable sorrow. Ya, as conveyed in the video, the salaried class represents a lower voter Bank, really can't expect anything beneficial. Always keep the middle class's attention diverted:- IPL, Caste issues, religion issues, spirituality issues, linguistic issues to name a few. A government change would improve the situation? Only in one's wildest dreams. All politicians are the same. No respite for the Indian middle class all the way upto the Kalki bhagvan avatar, 2nd coming of Jesus, Armageddon. We just have to keep lamenting😂
Dear Akshat, I haven't watched the video yet, commenting for the title of the video, I am a general category engineer male, I pay taxes and get nothing in return, I am doing charity and not just that others get benefitted, people like me are put down again by the reservation people and the government, what else can we do in India? Not paying taxes is a crime, so if job is avoided to pay taxes, need money for daily expenses and society doesn't value you, what else is the option? Born as a general category male is a punishment in India
Everyone pays indirect taxes. That depends on the individual's consumption pattern. But only 8% have to pay direct taxes without zero return. If everyone pays 100 rs indirect taxes then everyone's burden is same. But 8 out of 100 pays more.
@@Stories_and_more_1991 There is an other side for this too.. The 8% is the one which uses high infra like Airport... land given for IT parks... subsidies given to the MNC companies they work etc... Actually the most money given free goes to corporate the welfare schemes for people are very very less compared to that.. in tat case the 8% is also reaping benefits in form of jobs they get from the same MNCs who are here only because govt is giving them freebies..
I had stayed in Sweden medical and education is virtually free... Even if u dnt send your child to local school and opt for international schools the fees is very nominal.. In India taxation is crazy
what is Sweden? Population size is less Than Delhi. We are talking about Bharat here. It’s a far more complex that this comparison. We are a very diverse, cultured and emotional people.
@@deepakleekha1782 Why always bring in culture ?? so SWEDEN people don't have culture ?? This is a inferiority complex of Indians as they have zero achievements in the recent past so use CULTURE as a shield against countries who have contributed in fields of science from which even indians got benefited..
The grass is always greener on the other side of the fence. Been staying in Sweden for a while now, I can say Education is free, but cannot be compared with Indian education. - It starts slow, but smart. - There is no grading based on memory test. Grading is based on reasoning, logical and analytical power right from early stages - May be good or bad, one might not be able to withstand the competition outside. Medical facilities: - Yes, it is free. But 80% of the day-to-day medical incidents are left to heal naturally. Its normal for someone in Sweden to be sick for a week and still don't visit any doctor/hospital. No medicine if it is not a life-threatening issue. Pension (one topic which was not covered in the video) - Average retirement age is 68 (gets revised often) - 30% (approx) of the taxes paid were saved towards Pension. - More or less after retirement, one draws a decent pension for a decent livelihood
I suppose collection of taxes by govt. The problem in India is many Indians are poor and its because of no jobs. In order to get more jobs. We need more FDI. FDI will only come if we have good road infrastructure and logistic policy. since independence no govt concentrated on indian infrastructure. But recent govt which formed in 2014 was working more on infrastrcuture of road(expressways) and railways(dedicated freigh corridors) and many. In order to build this infrastructure govt need lots of money for atleast upcoming 5 years. There is survey that tells with the expressways and highways built till 2025 will have a capability of toll collection of 1.40 lakh crores. So slowly they will reduce taxes from our income . Please be patience everyone for next 5 years. Thank you. If you interested to know try searching "delhi mumbai economic corridor" ," Dedicated freight corridor" , "National logistics policy"
Akshat I have become a real fan of yours. The way you address the real issues of middle class and lower class income group families is really commendable. We are fortunate that we have someone in this community who is really bringing the pain and not talked about much issues in this forums. We are crazy about investing so much money in our entertainments, that we sometimes do not think how we are indirectly supporting this Imparity in the society, be it investing crazy money in buying tickets for IPL, or putting money in OTT or even investing in watching movies in halls. There is a provision in Tax returns, where if we invest certain amount of money in political parties, then we can avail concession for it. This is itself promoting corruption and that too in legal form. There is no doubt why people who get chance to leave the citizenship of India , are doing so and taking citizenship of other countries.
20-30% is income tax rest is Indirect tax on each item we purchase or service we use These.are.not taxes but government's OPEN-LOOT Bina facilities ke itna tax to kisi bhi Developed countries tak mein nhi lagta hai Even savings are TAXED to make politicians RICH & public POOR.
@@vickyAlways bro you are living in fools paradise compare taxes to Canada or UK you will get to know how much tax they are paying.😂😂😂 In Canada only tax on breathing is exempted😂😂
@@Nitish.Singhal what about benefits and facilities. Benefits are like an alien term for us indians. Everyone in india has just accepted that ok this much amount of money shall go from my salary(nobody knows exactly for what). In this country we will always live to uplift the poor. Some dont have big desires so its cool for them but for the guys who want to make it big by doing jobs india isnt the country.
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Thank you so much Akshat for bringing this up. Here is my personal perspective and firsthand experience on the matter. 1. Despite earning over 30 lacs per annum, middle-class individuals in metro cities struggle with the rising cost of living. 2. Limited access to affordable housing hinders middle-class individuals from purchasing their own homes, even with a higher income. 3. Higher tax burdens impact the disposable income of those earning above 30 lacs per annum in the middle class. 4. Challenging loan requirements make it difficult for middle-class individuals to finance significant expenses like buying a car or pursuing higher education. 5. Financial instability and uncertainty persist for middle-class individuals, hindering their ability to achieve long-term goals and financial independence.
30 lakhs fixed income or 30 lakhs package? If 30 lakhs is fixed, please explain how are they struggling? It's more than 2 lakhs per month, you can live an above average life style in metrocity.
Earning 30 lacs per year is not middle class. You are in the top 20% of Indians. It’s just you can’t manage finances. My mom can thrive with 30 lacs salary, she knows how to manage finances.
Thanks Akshat..all you said is extremely true..people of India should take seriously this issue and aware how we are cheated from the beginning to till date..thanks for fruitful content as always...
Yesterday only I was thinking, that we have to give income tax on our income earned, if we try to spend it by buying things we need to pay gst, if we buy house from the savings(income earned after giving tax) then still stamp duty, if we buy car then road tax toll tax gst etc, if we invest that in stock market or somewhere else then capital gain tax. The culture here is very toxic.
According to the New Tax Regime, deductions under 80c are not available, the government will eventually scrap the old tax regime and we'll be left with nothing to claim and still pay insurance premiums that we've already committed to, it's going to get harder in the future
I would say that the tax paying middle class in India reaps benefit in the form of infrastructure. Super fast trains like Vande Bharat are a byproduct of the taxes. Obviously, only the middle class is exclusively using those trains.
Would request you to do a follow up video on a breakdown of the taxbase. Everybody likes to throw around the word "middle class" too liberally. I think the word has lost its meaning. It would be good to see some analysis on what income bracket falls in the top 1%, 10% and the 40% (the middle/ upper middle class).
Just Kick Out dis Most Uneducated Corrupt Criminals Govt.... bring someone highly educated, logical & who focuses on basics like HEALTHCARE & EDUCATION
Considering the history and population of both the countries i feel that it would be unfair to expect EACH and EVERY facility here , but my eutopic requirement would be to offload some tax to the unorganised sector and atleast give free healthcare to the people and free education till class 10th.
In this case what is also important is to consider- 1) India's population with Sweden 2) No of people in India actually pay tax compared to Sweden 3) Poverty ratio in India compared to Sweden
Why should we pay tax if their is no return from government, why should we work for others who getting government benefits. In India salaried persons need to work for government.
Its very painfull to experience after having paid so much taxes, we don't get anything in return. No health benefits, extremely costly education for children, lack of quality infrastructure, ever ongoing civil works, corruption everywhere in the government be it any govt for that matter. We earn so hard and govt sucks the tax out of us and in turn everything is eaten away in corruption. There is no accountability by any govt whatsoever. Indirect tax in the name of gst is another day light robbery. While export of services is still not taxable for companies and huge tax benefit is given to corporates ever since beginning, common man is made to pay GST on everything they buy. What kind of tax terrorism is this?.. Salaried class is just blood sucked in every way. While corporates can claim all expenses in the course of business, a salaried class person has to pay tax first and then spend. What an unreasonable way to suck the salaried class. Slowly the govt is pushing everyone towards new tax regime, so that even the least available peanut deductions like 80c etc will not be claimed. Once after everyone moves into new tax regime, then the govt will increase the tax slabs.. Another biggest curse of this country is the population. There are tons of masses out there who pay no tax and the govt doesn't distinguish them and only a limited set of people are made to pay for everyone. Nothing will change infact it will become more worse in the years to come. It's better to move out of this country if you get a chance!
I see here people are saying rubbish about goverment hospital. But as per my personal experience hospitals are improved lot in terms facility, service etc. Its like developing a POC and being happy about it . Then when you go for prod nothing works. Sweden is just a POC where as Indian is in PROD. Sweden is around 13% of Indian in terms of size. Its always easy to make fun and nagate everything but its not really easy to do things in a country like India because of so many factors.
Check the tax rate of any country that is developed now in the time when they were developing. Man crazy amount of taxes. Uk had a 80-99% income tax at a point especially after the war. A country developers from its people and the people are the once who have to invest into the country so that the generations ahead can enjoy the benefits. Sweden had 50-60% tax too at a point.
Education is free (government school) ,health care free(government hospital) ,food subsidy (Ration shop) . Majority of middle class people used this system in 80’s and 90’s . government school teachers are making lakhs of rupees as salary but private school teachers are making salary in thousands. Tax payers money is heavily used for government employees salaries but missing the competitiveness. In order to improve the competitiveness, make rule that government employees kids should study only in government school , government employees families should visit only government hospital for health issue. Let’s make it happen and improve the quality of education/health care in government premises.
I am watching this as a frustrated citizen who pay 20% taxes of my income. I am a divorced single mother who is the only earning person in family and no support/allemony from my ex-husband and having Hosuing loan 20lakh in due. Its bad to see my hard earned money (spending lots of hours in front of screen leads to eye pain and sleepliness , hard to manage work and life ) deducted in lakhs in the name of tax whereas I buy things from where I get discounts, and even I think about where can I save that 1rs by the name of offers. I am worried much and stressed more on how long should I keep paying this tax. I am not completely opposing the tax but there is a limit I can pay to contribute my country. Any platform where we can raise our tax burden to the govt ?
@@pushpakbijewar7350 Ofcourse homemade food will be cheaper than outside, what is your point even? You can make your clothes at home, that will be cheaper than market, you build your own car yourself, that will be cheaper too.😂
I get your point, but there is very big gap in human productivity b/w Sweden and India. Human Capital Index in India is 0.49 compared to 0.8 in Sweden, Agriculture constitute 20 % of Indian GDP, manufacturing is only 27 % . Problem is with middle class, when there is election they sit at home and watch movies or go to parties, where as poor and marginalized voting percentage is in high 60's, if you do not select the leader as per your aspirations, how can you expect the policies will be made for you ? In India policies are based on minority and caste, that's how parties win election and BJP is no exception.
Sweden's population is less than half of Mumbai, comparing India and Sweden is like comparing apples and oranges. The ideal comparison may be India and China of 2000 ( As we started economic reforms 20 years later)
Man I have been asking exact same questions to many people all these years and they say just ignore me saying I am anti-nationalist, and like you, I am also worried about the fact that same strategies might be taken forward by the next govt who comes.
What about the Infra/Defence being created..... look at North East so much of work is happening.....India is the only country where first population comes and then roads are laid while in the rest of the world it is the reverse.
@pillalam Show me data that BJP did multiple times better than Congress, it did worse. Congress even gave subsidy on petrol diesel when crude sky rocketed, and when price went less than half, bjp kept increasing tax to keep rates up. Check how much more they received in taxes in their term, but what they did? Infrastructure was still being built, and all other things were still happening but they didn't suck money from people like BJPee, and also, you could raise your voice without being arrested.
It was 30% tax above 10L income in 2012. Now also same 30% tax above 10L and little changes below 10L.. cost of living is more than doubled in these 11yrs. 😮😢😢 Salary is not increased that much.. I used to pay rent of Rs.8400 in 2012 and it is Rs.28000 in the same house in Adugodi,Bangalore. High inflation in school fees also
@@swarnavasamanta2628 bro you are talking about new tax regime... If you are a taxpayer you should know .. they have abolished, HRA, LTA, and most of the allowances
Also we may be paying other taxes and deductions lesser than these countries. Property tax road taxes are all paltry sums. We get most government services for free. We must appreciate those free stuffs more rather than lament taxes we pay
All governments kept condition of government services really bad, only kejriwal improved government schools and those Mohalla clinics. This is not a political comment, some people will abuse those who gave them these facilities just for their political party which didn't give them anything.
In my religion there a concept of charity Were we have to pay 12.5% of my earnings So if anyone earning 15 lakhs He pays 30% tax + 12% charity Total 42%
make indirect tax complicated make business cut tax creatively and make product cheep and help consumer in simple tax reduction there is no tax reduction method
The whole premise of this comparison is a little off - Geographically Sweden is only about 1/7th the size of India with a population of about a little over a crore people. We are now the most populous country in the world. Can you also include the cost of living in Sweden versus India - comparing the tax rate without the population and cost of living is just like showing one side of the coin and not a fair comparison.
Sharing won't help anyway it just raise your subscribers, view and your revenue...govt is not going to consider it at all... You want to bring the impact, go and force your area MLA, MP to discuss this to the centre govt.
The problem with comparing India with any country is our geopolitical position needs us to maintain a large army and equipment and our population is to big compared to our tax base, so things like free college education and umpleymont allowance cannot be implemented here but govt needs to work on subsidised school education and more govt healthcare facilities which are also efficient. Also need to remove some unnecessary taxes on investment options and put tax on agricultural income.
Great video again !! So I decided to move to Sweden for above reasons :) Earning money and doing hard work is a sin. Every decision Govt. taking here take digital voting from people. Everything is not perfect here either but democracy is matured. Most educated places like Delhi, Karnataka people vote for freebies :(
In Kerala, people prefer government schools. There's a big flow of students from private to government schools. Also government hospitals are also vary Good
Hi Akshat, I think the biggest wastage of tax happens on government employees, especially bureaucrats and freebies given to employees of various departments. Can you also please do a video on how much money is being spent on the large number of govt employees and what the tax payer gets in return? I understand it is a complex topic but I trust your research skills to handle it well. for example: why should a non technical and inexperienced person be hired at great expense to lord over various departments simply because they cleared one exam? Why not hire an experienced professional on contract basis, with relevant training and education to lead individual projects instead? On the other hand, why employ construction labour on contract? why not just hire such labour permanently and use them on the numerous projects that the government runs all the time? with time, such labour would gain expertise and also they can be provided with appropriate equipment and insurance covers for carrying out their job if they are permanent employees.
It's difficult to provide good healthcare and education to such a huge population. Also most people here are getting money from companies of foreign countries whose currency has high value and helps cope with the inflation
One strange thing, The builder pay GST for Cement, electricity equipment, AC. Iron and Wooden products. But after construction the home buyer again pay GST. Is it not double tax.
I understand that middleclass get practically nothing in return. But our country has 1.3 billion of us and that is more than 1/7th of the worlds population. compared to sweden which has a 10 million population. It is far easier to provide such facilities to a less people compared to our country. But I do support that the middle class don't have to take this much of a financial load. Govt should do something about it.
We as salaried people pay heavy tax.. Specially who have packages from 10 to 14 lakhs per annum. They are at lower end of their salary but falling into highest tax slabs.. But in general we do not get anything.. No social benefit, medical facility etc... Most toxic country to spend your life..
You are wrong.. percentage of people paying taxes in Sweden and percentage of people paying taxes in India is different. In India less people pay taxes for service of 1.4 billion people.
This is a big big big issue for a long time now. The middle class gets very less or close to no benefits for the taxes paid. But I am 100% sure there is no going back from here. Things will only worsen with the same analogy of 'what aboutry race' between parties. This is the truth and must be accepted. People are way more powerful out there. Thanks to the internet, a single voice, or even the collective voice can be stopped easily. A way to get out of it is to stop thinking about what most of the middle class is doing right now. If the politicians wanted, they could have done many things collectively like giving up at least some of the perquisites. The bureaucrats too. Or making the agricultural land taxable if not giving up the perks. Also, people ask for government jobs, and they die for them, but they don't try to make things better, those same things that they read during preparations and got selected, then become a part of the same thing. So in the end, these topics only create a small anger inside people's minds for a small time. As they can't tackle these, they stay connected to their families, gods, jobs, or patriotism as these things give them satisfaction or fulfillment. It's only about 70 years of the lifetime of silence. Where we are right now with our morality, nothing can be undone, nor it can be fixed. It has to happen, it will happen, it can't be stopped.
Although your point of investment of 3000 crores vs return of investment is valid only in the frame of financial analysis, you could have found a better example. Like building statues of elephants, all over etc, which was to fulfill a political agenda only. The Statue of unity is not only for the purpose of tourism. It is to recognise and remember the unsung hero of India who actually United India again. Even if there is zero revenue, that is perfectly ok. The main purpose here is different. Revenue is add-on. There is another important hidden point associated. We as middle class, only focus on us as individuals. Here we are discussing our finances as individuals. We forget to teach our kids our culture, nationality, and social values. If you understand the value of education, this is one great way of educating people towards national awareness. For such causes every tax payer will feel good to contribute. Try to differentiate between a political agenda vs national agenda, and empower your kids also to do that. Find and quote other instances where governments kept wasting money for more than 60 years, and could not build any system to benefit tax payers. Government education system, govt healthcare system etc take time to build up. But our middle class guys are into social pressure of status show offs as well. Current govt did not prioritise building all these benefits, as by now, there were alternate options already available. So they started focusing towards other higher priority things. But yes, now the tax payers should wake up. They are the worst voters, and least educated towards their own welfare. Also saying that GST is more complex and confusing, then it puts your viewers into doubt about you. The earlier tax structure was hell. Looks like this is a paid video to run political propaganda.
While he tries his best to sound Apolitical,the ‘Statue of Unity’ example that he has picked reflects his mindset.He is talking about 3000 crores,Instead,he could have rather picked ‘freebies’ as example.Just as recent,in Karnataka election,the elected party had promised lots of freebies to the public which will eventually cost more than 61000 crores!Thats the prime example of taxpayer’s money insane amount being wasted on non productivity.
As per government data on 5% of total indian population are paying income tax. That means only 5% of total population are taking the burden of rest 95% population. These 95% population are enjoying government benefits and 5% hard working population are getting nothing
Pre GST, taxation was 1000 times more complicated.. different rates at different places for same goods.. now it's simplified.. u say u want 15-20%.. so food items, essential items will be much costlier burdening the middle class more. Different slabs is a common sense. Now it's simplified, transparent - earlier there use to be no mention.. now clear mention of how much the tax for what item.. cgst, SGST..
The title is what ive been saying since and long time but no one understands that because they think this is the norm. They dont even realise they r being ripped off.
Paying tax in India is simple charity, but the sad this there a lot of boggers in that charity and eating that charity amount too.. There are not even proper roads forget about hospitals. I almost broke my back because of the bumpy roads in bangalore. It is not even charity. here are too many buggers/rats eating away all the collected money too
Sue schools for price gouging 😂😂. Sue governments for giving away too many freebies😂😂.. not sure if we can even do that! It could be a nice PIL topic though
In India govt doesn't have any other means of earning apart from taxes. PSU's were ruined so that they can be sold in cheap instead of making them profitable. If govt give ₹1 benefit to citizen's, it spends ₹2 for promotion. In foreign countries apart from election purpose it is seldom that PM or Presidents image hoardings can be seen anywhere...
Unfair comparison.... There is almost no need for middle class to do manual work. All domestic services are available at cheap rates. Same is not the case in scandinavian countries.I talked to some danish and swedish people and found that almost all of them have worked as mechanic or gardner or delivery boy or as a farm worker in their teens as there is a huge dearth for labour in such countries. They also do their domestic work on their own.
At least for the tax payers, there must be some subsidiary benefits from the Government. Right now we feel robbed, because we are giving our hard earned money, in return we get nothing, and again have to pay GST for everything.
I am in sweden at present.. And I am really happy to pay tax here... my kid uses free school, we use free health care... but not at all happy to pay in India...
The only way to save tax money is having a business. What i have observed and experienced atleast in metro cities of Maharashtra that the government hospitals these days are very clean, hygienic and free with good doctors. Agreed we don't get direct been of the tax we pay on our salaries but we at times are not aware of how coz there are many policies a d we don't utilize them since we feel its too much work. I really hope God gives me some good brownie karma points for paying taxes loyally every year so that rest of India can benefit and run from it. The worst part and most hurtful fact is if u Google hardly 9 % Indian population is paying tax through ITR.
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Taxation is a theft
Not sure what is your intention, Akshat. This has always been the case. At least a higher % of our tax money is going for actual development. Else 75-90 would go into the pockets of politicians and such. The tax base is also increasing rapidly. And most of all India is rapidly building up. Can that happen without money?
May I know why u blurred out the Channel Name on the Golden Play Button hanging on your wall?😅😅😅😅🤔🤔🤔🤔
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Ur not middle class boss🥴 middle class annual income generally below 10lakhs, while u earn that amount everyday maybe more , but i do agree tax benefit should be given for ur efforts
The funny thing is that when we take private health insurance government is taxing 18 percent GST on that too while its the duty of the government to take care of people's health . It's absolute tax terrorism happening in India
Its a cruel joke on us!
There are so many poor people in our country, who don't go to doctor. How dare you complain about health insurance? You anti-poor, immoral, spoilt brat !
People are becoming smarter..
But we are in bits and pieces..
We cannot do anything about it..
If 1 vote is against them.. they will buy 10 poor people vote by giving them food and daru for a day or 2.
We are a minority.
👍
Only socialist system helthcare is gov responsibility not in capatilism and any socialist healthcare system is bad anyway..
The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.
I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.
Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.
@@maryHenokNft Please who is the consultant that assists you with your investment and if you don't mind, how do I get in touch with them?
*Camille Alicia Garcia* is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
I am an Indian who works in a Swedish company. They get many more benefits aside from health, education etc.
1. They get 50% subsidy from govt for "ROT and RUT work" (cleaning, moving, repair etc)
2. If you are sick for a long time and can't go to your work, the govt will pay you 80% of your salary
3. You can take leaves if your child is sick (VAB) and the govt pays your salary for that day
These are just a few. People there get so many benefits which are unimaginable to us Indians.
Then stay there and stop cribbing about my country
@@henrystevens3993 I live in India and work remotely. So I pay my tax to the Indian Government as well. When you start paying 10+ lacks of tax you will also start cribbing about "your" country
@@henrystevens3993 Regressive, no wonder India lags behind with people like you as her citizens
@@royz_1snakes should move out of here. Snakes earn crores but complain about paying taxes while people die in road side.
@@SafavidAfsharid3197 so you think they earn that much for without doing anything?? It's their hard work. And i think if there's a problem u should talk about it and stop being andhbhakt of govt
500 languages in this world but this man chose to speak the language of truth :)
You are anti national.
I hope he continues
Nice comment
Including programming languages?
Ghanta truth when we compare Germany recession me hai india nhi he is like a developed country can't be compared with developing country now what he has done here he is manipulator u f**l
I pay >30% tax and get nothing in return. This is the main reason why I'm leaving India for US this year.
Are you sure that's the reason?
So what is US going to give you for the tax you pay?
@@riscnx superior lifestyle
Shakal dekh ke toh i dont think he is adult and earning . Baccha lag raha hein. Chu*tiya bana raha hein yaha
Are you threatening?
@rishav Better lifestyle, more money, better services and less BS. Also effective taxation is lesser in US than India for my salary.
@Raj Kumar - Not threatening bro. It's a decision I've already made. :)
I will come back to India though in a few years when I have the experiences I'm looking for and have saved enough to fund for any of my needs.
I can confirm this is true. I live in Europe and the protection we get is worth the tax.
1. Free education: Any citizen or someone with PR can get free education of the highest quality.
2. Unemployment benefits: If you loose your job, the government would cover some benefits for a reasonable length of time. Now you can argue, the government of India also gives unemployed wages but that is like 500 Rs which is practical useless for most people.
3. HealthCare: You can get the highest level of healthcare without any heavy medical expenses.
Applicable only in western europe not usa, easter europe, also GDP per capita and direct tax givers percentage is also high
Healthcare :There is a long waiting list.
Unpopular opinion:
As shareholders vote for whatever decision a company takes, similar taxpayers should be allowed to vote for whatever expenses the government decides to spend on from their money.
it's appalling that it isnt happening that way and politicians act like god while spending our money
I agree, but in this media should not interfere
Only those who file income taxes regularly and honestly should be allowed to vote.
Universal suffrage is a fatal flaw of democracy. It should be more of a qualified suffrage: no crime/time served as per crime, taxes filed and not on welfare for more than 6 months.
Seriously 😑😑
@@TheNuclearPhysician this would alienate the marginalised sections of society from any decision making
Yes totally agree it's toxic in our country no facility for salaried people and no one is addressing this issue.
Because salaried people come under the top 20% rich people
So taxing them is not bad
Salaries people are worker ants for a govt... And everyone else is baby ants who need to fed constantly 😂😂
@@Harsh-rf9k right. But I assume system was made to collect taxes from eligible taxpayers and provide services in return to ALL. Now the problem is, who is getting services? Top 20% who is paying for it? Lower classes? I think no-one.
@@jaylalakiya services mean free health, education and discounted food?
All are there. But u don't want to go to govt schools n govt hospitals.
@@Harsh-rf9k comeon i mean they are not upto the mark of what we pay. I visited some govt school for some exam few months ago and it was like old age haveli with broken benches.
New parliament is another example . It is just about showoff and not about doing anything practical. but criticizing gov is nowadays is also considered as being anti-national
You are 100% right about absence of Tax on Agricultural income in India -- Most politicians own large tracts of land often Benami and will not allow such Tax bills to be passed. This is i think single biggest Anomaly which is coming in the way of Development in India!
What will happen if agriculture is taxed?
Food prices will go up
Dont worry bro if agriculture income is ever to be taxed it will come with tax bases too like normal income theyll focus only on the rich farmers, and also sadly it wont happen for decades to come casuse obviously we know half of the population is in agriculture theyll think of it as an attack on them, and the party ruling will loose power in the next election! No one will dare pass such a bill even if they are not corrupt lol
@@enganche no one is talking about you....
I totally agree with you but I have a question because of some politicians you want charge tax on agriculture ok as a son of farmer we will pay taxes but when we got maximum times losses then we got some subsidy.
Thank you for speaking out and spittin facts. You are the voice of the sensible INDIAN trying to make a difference in a country filled with hypocrisy. More Power to you brother !!
This video felt like it came directly from your heart. I actually resonate with you on this one and you pointed out some of the most critical and sensible items to think about. Keep making such content and we will keep sharing this knowledge to bhakts
Congress time india was flourishing. Next rahul gandhi will make india superpower 😍😍😍😍🥰🥰🥰🥰🥰
@@Harsh-rf9k with his FM India will beat USA and will become superpower of the world and rupee will become the currency of the world
One of the best thought provoking video i have seen in recent times. No wonder youngsters are fleeing the country in search of better prospects.
I'm leaving for western europe too :)
@@basiccoder2166 good for you
most of those youngesters studied from govt subsidised institutes😂
I am leaving in 2 years. I regret going abroad 3 years ago. But I won't make this mistake again
@@basiccoder2166 congratulations Bhai
The biggest joke at least in Andhra Pradesh is tax payers are not eligible for free treatment in government hospitals and have to pay user charges
Paying tax in India is equal to Charity
reverse charity
mandatory charity for IT people.
@@charlie6196 pain 😢
Charity is something we give what we have extra to help others and get satisfaction but here it is nothing related to charity. The right word is systemic theft renamed as collecting taxes.
@@iamnothing85 Couldn't have said it better. And this is why we are seeing so many people leaving the country and they are mostly the ones who can actually take this nation forward.
Issues of the middle class being raised by a HNI 😅. Middle class are the dumbest.
Anyways, Akshat is obviously correct about all his points. Atleast he is trying to wake these dumbest people up to reality. 😊
Hni ??
@@psrs985 High networth Individual
As he earns money from stroking emotions of middle class, his audience.
Well maybe because to me you both are just talking from an individual point of view.... That's why government is here a DEMON
School made us dumb by using archaic educational curriculum
The government boasts of implementing chanakya neethi and arth shastr in the governance. The same chanakya advises that collection of tax should be compared to a bee collecting nectar from the flower, the bee gets what it wants without hurting the flower( chanakya doesn't talk about the cross pollination benefits for the flower😂) in our case the bee is ruthless, sucks the nectar and stings the flower. The scenario for the salaried class is such an inconsolable sorrow. Ya, as conveyed in the video, the salaried class represents a lower voter Bank, really can't expect anything beneficial. Always keep the middle class's attention diverted:- IPL, Caste issues, religion issues, spirituality issues, linguistic issues to name a few. A government change would improve the situation? Only in one's wildest dreams. All politicians are the same. No respite for the Indian middle class all the way upto the Kalki bhagvan avatar, 2nd coming of Jesus, Armageddon. We just have to keep lamenting😂
Dear Akshat, I haven't watched the video yet, commenting for the title of the video, I am a general category engineer male, I pay taxes and get nothing in return, I am doing charity and not just that others get benefitted, people like me are put down again by the reservation people and the government, what else can we do in India? Not paying taxes is a crime, so if job is avoided to pay taxes, need money for daily expenses and society doesn't value you, what else is the option? Born as a general category male is a punishment in India
Hard Agree.
Stop crying ... You are a slave the moment you born in India...
Well if education is free ., Health care is free, food is subsidized no need of reservation ri8 ,
Totally agreed 💯💯💯 in a same condition bro 😢😢 this category system and taxes and really a headache 😢
Agreed
8% of the country is carrying the load of 100%
This is not true the 92% of the people still has to pay crazy amount of Indirect taxes
Everyone pays indirect taxes. That depends on the individual's consumption pattern. But only 8% have to pay direct taxes without zero return. If everyone pays 100 rs indirect taxes then everyone's burden is same. But 8 out of 100 pays more.
@@saintpixie2765 you can't say that people who pay only indirect tax are same as people who pay direct+indirect tax both.
@@Stories_and_more_1991 There is an other side for this too.. The 8% is the one which uses high infra like Airport... land given for IT parks... subsidies given to the MNC companies they work etc... Actually the most money given free goes to corporate the welfare schemes for people are very very less compared to that.. in tat case the 8% is also reaping benefits in form of jobs they get from the same MNCs who are here only because govt is giving them freebies..
lets leave our jobs and start farming
Absolutely correct hit below the belt......more discussion needed...shared on social media
I had stayed in Sweden medical and education is virtually free... Even if u dnt send your child to local school and opt for international schools the fees is very nominal.. In India taxation is crazy
Interesting that you watch his videos from Sweden. Do you invest in India?
what is Sweden? Population size is less Than Delhi. We are talking about Bharat here. It’s a far more complex that this comparison. We are a very diverse, cultured and emotional people.
@@deepakleekha1782 Why always bring in culture ?? so SWEDEN people don't have culture ?? This is a inferiority complex of Indians as they have zero achievements in the recent past so use CULTURE as a shield against countries who have contributed in fields of science from which even indians got benefited..
@@deepakleekha1782 Yes Indians are emotional
and that is the problem
The grass is always greener on the other side of the fence.
Been staying in Sweden for a while now, I can say
Education is free, but cannot be compared with Indian education.
- It starts slow, but smart.
- There is no grading based on memory test. Grading is based on reasoning, logical and analytical power right from early stages
- May be good or bad, one might not be able to withstand the competition outside.
Medical facilities:
- Yes, it is free. But 80% of the day-to-day medical incidents are left to heal naturally. Its normal for someone in Sweden to be sick for a week and still don't visit any doctor/hospital. No medicine if it is not a life-threatening issue.
Pension (one topic which was not covered in the video)
- Average retirement age is 68 (gets revised often)
- 30% (approx) of the taxes paid were saved towards Pension.
- More or less after retirement, one draws a decent pension for a decent livelihood
I suppose collection of taxes by govt. The problem in India is many Indians are poor and its because of no jobs. In order to get more jobs. We need more FDI. FDI will only come if we have good road infrastructure and logistic policy. since independence no govt concentrated on indian infrastructure. But recent govt which formed in 2014 was working more on infrastrcuture of road(expressways) and railways(dedicated freigh corridors) and many. In order to build this infrastructure govt need lots of money for atleast upcoming 5 years. There is survey that tells with the expressways and highways built till 2025 will have a capability of toll collection of 1.40 lakh crores. So slowly they will reduce taxes from our income . Please be patience everyone for next 5 years. Thank you. If you interested to know try searching "delhi mumbai economic corridor" ," Dedicated freight corridor" , "National logistics policy"
This is absolutely true, the Middle class is not united and the government doesn't want the middle class to unite. Thanks for the video, Akshat!
Akshat I have become a real fan of yours. The way you address the real issues of middle class and lower class income group families is really commendable. We are fortunate that we have someone in this community who is really bringing the pain and not talked about much issues in this forums. We are crazy about investing so much money in our entertainments, that we sometimes do not think how we are indirectly supporting this Imparity in the society, be it investing crazy money in buying tickets for IPL, or putting money in OTT or even investing in watching movies in halls.
There is a provision in Tax returns, where if we invest certain amount of money in political parties, then we can avail concession for it. This is itself promoting corruption and that too in legal form. There is no doubt why people who get chance to leave the citizenship of India , are doing so and taking citizenship of other countries.
20-30% is income tax rest is Indirect tax on each item we purchase or service we use
These.are.not taxes but government's OPEN-LOOT
Bina facilities ke itna tax to kisi bhi Developed countries tak mein nhi lagta hai
Even savings are TAXED to make politicians RICH & public POOR.
@@vickyAlways bro you are living in fools paradise compare taxes to Canada or UK you will get to know how much tax they are paying.😂😂😂
In Canada only tax on breathing is exempted😂😂
@@Nitish.Singhal what about benefits and facilities. Benefits are like an alien term for us indians. Everyone in india has just accepted that ok this much amount of money shall go from my salary(nobody knows exactly for what). In this country we will always live to uplift the poor. Some dont have big desires so its cool for them but for the guys who want to make it big by doing jobs india isnt the country.
Metro Milk in kolkata,500ml-Rs.26 to 30,15.38% increased.
Dove sope-Rs 10 to 15,50% increased.
Marie Biscuit-Rs 30 to35 now 40,14.28% increased if we consider rs 35.
Laxman Rekha for Ant,Rs 10 to 15,50% increased.
Dahi 500ml,Rs 26 to 32now,23.07% increased.
These are some,i remember right now.
On some goods Quantity decreased,price same.
💭 CPI data thinking that ,is i am calculated rightly☹️🥺
Thank you so much Akshat for bringing this up.
Here is my personal perspective and firsthand experience on the matter.
1. Despite earning over 30 lacs per annum, middle-class individuals in metro cities struggle with the rising cost of living.
2. Limited access to affordable housing hinders middle-class individuals from purchasing their own homes, even with a higher income.
3. Higher tax burdens impact the disposable income of those earning above 30 lacs per annum in the middle class.
4. Challenging loan requirements make it difficult for middle-class individuals to finance significant expenses like buying a car or pursuing higher education.
5. Financial instability and uncertainty persist for middle-class individuals, hindering their ability to achieve long-term goals and financial independence.
30 lakhs fixed income or 30 lakhs package?
If 30 lakhs is fixed, please explain how are they struggling? It's more than 2 lakhs per month, you can live an above average life style in metrocity.
Unplanned finances. Thats it.
Earning 30 lacs per year is not middle class. You are in the top 20% of Indians. It’s just you can’t manage finances. My mom can thrive with 30 lacs salary, she knows how to manage finances.
You are absolutely right. The tax structure in our country is punitive - completely support ur point
Congratulations! You have courage to speak the ground reality of india. You have narrated big things in very lucid language.
Full marks to you.
Great Work Akshat!!
Thanks Akshat..all you said is extremely true..people of India should take seriously this issue and aware how we are cheated from the beginning to till date..thanks for fruitful content as always...
Yesterday only I was thinking, that we have to give income tax on our income earned, if we try to spend it by buying things we need to pay gst, if we buy house from the savings(income earned after giving tax) then still stamp duty, if we buy car then road tax toll tax gst etc, if we invest that in stock market or somewhere else then capital gain tax. The culture here is very toxic.
At least leaving a comment on youtube is free... so far! LOL!
Thank you for voicing this so clearly and effectively.
According to the New Tax Regime, deductions under 80c are not available, the government will eventually scrap the old tax regime and we'll be left with nothing to claim and still pay insurance premiums that we've already committed to, it's going to get harder in the future
Stop paying premiums on endowment plans which are the worst form of investments. Instead take appropriate term insurance. You will save premiums.
This is the most important topic for middle class. Taxation without benefits is theft.
I would say that the tax paying middle class in India reaps benefit in the form of infrastructure. Super fast trains like Vande Bharat are a byproduct of the taxes. Obviously, only the middle class is exclusively using those trains.
Would request you to do a follow up video on a breakdown of the taxbase. Everybody likes to throw around the word "middle class" too liberally. I think the word has lost its meaning. It would be good to see some analysis on what income bracket falls in the top 1%, 10% and the 40% (the middle/ upper middle class).
An eye opener, Akshat. Good job. Keep on doing it to create awareness.
Just Kick Out dis Most Uneducated Corrupt Criminals Govt.... bring someone highly educated, logical & who focuses on basics like HEALTHCARE & EDUCATION
Considering the history and population of both the countries i feel that it would be unfair to expect EACH and EVERY facility here , but my eutopic requirement would be to offload some tax to the unorganised sector and atleast give free healthcare to the people and free education till class 10th.
Here from clarity for youth 😅
In this case what is also important is to consider-
1) India's population with Sweden
2) No of people in India actually pay tax compared to Sweden
3) Poverty ratio in India compared to Sweden
True
Why should we pay tax if their is no return from government, why should we work for others who getting government benefits. In India salaried persons need to work for government.
Correction in point 2 . % of people paying tax versus total population in both countries
@@sairammanchala40 Ques is, is there even someone who’s getting benefits ?!? I think above 50% money goes to corrupt hands.
GST kon Tera baap bharta hai
Its very painfull to experience after having paid so much taxes, we don't get anything in return. No health benefits, extremely costly education for children, lack of quality infrastructure, ever ongoing civil works, corruption everywhere in the government be it any govt for that matter. We earn so hard and govt sucks the tax out of us and in turn everything is eaten away in corruption. There is no accountability by any govt whatsoever. Indirect tax in the name of gst is another day light robbery. While export of services is still not taxable for companies and huge tax benefit is given to corporates ever since beginning, common man is made to pay GST on everything they buy. What kind of tax terrorism is this?..
Salaried class is just blood sucked in every way. While corporates can claim all expenses in the course of business, a salaried class person has to pay tax first and then spend. What an unreasonable way to suck the salaried class. Slowly the govt is pushing everyone towards new tax regime, so that even the least available peanut deductions like 80c etc will not be claimed. Once after everyone moves into new tax regime, then the govt will increase the tax slabs..
Another biggest curse of this country is the population. There are tons of masses out there who pay no tax and the govt doesn't distinguish them and only a limited set of people are made to pay for everyone. Nothing will change infact it will become more worse in the years to come. It's better to move out of this country if you get a chance!
I see here people are saying rubbish about goverment hospital. But as per my personal experience hospitals are improved lot in terms facility, service etc. Its like developing a POC and being happy about it . Then when you go for prod nothing works. Sweden is just a POC where as Indian is in PROD. Sweden is around 13% of Indian in terms of size. Its always easy to make fun and nagate everything but its not really easy to do things in a country like India because of so many factors.
Check the tax rate of any country that is developed now in the time when they were developing. Man crazy amount of taxes. Uk had a 80-99% income tax at a point especially after the war. A country developers from its people and the people are the once who have to invest into the country so that the generations ahead can enjoy the benefits. Sweden had 50-60% tax too at a point.
Education is free (government school) ,health care free(government hospital) ,food subsidy (Ration shop) .
Majority of middle class people used this system in 80’s and 90’s .
government school teachers are making lakhs of rupees as salary but private school teachers are making salary in thousands.
Tax payers money is heavily used for government employees salaries but missing the competitiveness.
In order to improve the competitiveness, make rule that government employees kids should study only in government school , government employees families should visit only government hospital for health issue.
Let’s make it happen and improve the quality of education/health care in government premises.
Salaried people are harassed much as far as taxation is concerned.
Absolutely crazy how some people still didn't get what he said!
I am watching this as a frustrated citizen who pay 20% taxes of my income. I am a divorced single mother who is the only earning person in family and no support/allemony from my ex-husband and having Hosuing loan 20lakh in due. Its bad to see my hard earned money (spending lots of hours in front of screen leads to eye pain and sleepliness , hard to manage work and life ) deducted in lakhs in the name of tax whereas I buy things from where I get discounts, and even I think about where can I save that 1rs by the name of offers. I am worried much and stressed more on how long should I keep paying this tax. I am not completely opposing the tax but there is a limit I can pay to contribute my country. Any platform where we can raise our tax burden to the govt ?
Food is not expensive in India whereas Education is becoming very much expensive 👍
The reason is only the English language .
@@anilrawat0303I don’t think language is to be blamed in any way..
food is not cheap either tho
@@ashishkumarkushwaha1113food made at home is very cheap but if u are ordering everyday or eat outside yes you would feel its expensive
@@pushpakbijewar7350 Ofcourse homemade food will be cheaper than outside, what is your point even? You can make your clothes at home, that will be cheaper than market, you build your own car yourself, that will be cheaper too.😂
I get your point, but there is very big gap in human productivity b/w Sweden and India. Human Capital Index in India is 0.49 compared to 0.8 in Sweden, Agriculture constitute 20 % of Indian GDP, manufacturing is only 27 % . Problem is with middle class, when there is election they sit at home and watch movies or go to parties, where as poor and marginalized voting percentage is in high 60's, if you do not select the leader as per your aspirations, how can you expect the policies will be made for you ? In India policies are based on minority and caste, that's how parties win election and BJP is no exception.
Sweden's population is less than half of Mumbai, comparing India and Sweden is like comparing apples and oranges. The ideal comparison may be India and China of 2000 ( As we started economic reforms 20 years later)
Exactly, it's the most stupid comparison that I have seen.
Bhai population density bhi kam hai, western europe se geographically close hai, no hostile neighbours, fertility rate also good
Not really, because not even half of Mumbai pays taxes.. think like 10-15%population of Mumbai footing bill for 20times the population
comparision isnt to defame a country its for people to decide their merits in living in a particular country.
@@shouryasinha7108 as an influencer, one shouldn't misguide as well
Absolutely correct. We are giving a lot but not gettimg any facilities.
I agree with your view however politely disagree That gst rate shall be same since it is higher for luxurious goods and lower for necessities.
Man I have been asking exact same questions to many people all these years and they say just ignore me saying I am anti-nationalist, and like you, I am also worried about the fact that same strategies might be taken forward by the next govt who comes.
BJP be like, choos lo kaise bhi karke. They received many times more tax but we don't see much happening, just prachaar
What about the Infra/Defence being created..... look at North East so much of work is happening.....India is the only country where first population comes and then roads are laid while in the rest of the world it is the reverse.
@pillalam Show me data that BJP did multiple times better than Congress, it did worse.
Congress even gave subsidy on petrol diesel when crude sky rocketed, and when price went less than half, bjp kept increasing tax to keep rates up.
Check how much more they received in taxes in their term, but what they did?
Infrastructure was still being built, and all other things were still happening but they didn't suck money from people like BJPee, and also, you could raise your voice without being arrested.
It was 30% tax above 10L income in 2012. Now also same 30% tax above 10L and little changes below 10L.. cost of living is more than doubled in these 11yrs. 😮😢😢
Salary is not increased that much..
I used to pay rent of Rs.8400 in 2012 and it is Rs.28000 in the same house in Adugodi,Bangalore. High inflation in school fees also
😂 When did you last read the tax bracket ? Upto 7 lakhs no tax, above 10 lakhs it has decreased to 15-20% now
In the last 4 years only cost of living has doubled
@@swarnavasamanta2628 the new tax bracket is completely useless as it doesn't allow showing exemptions
@@swarnavasamanta2628 bro you are talking about new tax regime... If you are a taxpayer you should know .. they have abolished, HRA, LTA, and most of the allowances
@@mohankurali6603 No it hasn't. Take the cost of eggs. It has raised 50% but not doubled
Also we may be paying other taxes and deductions lesser than these countries. Property tax road taxes are all paltry sums. We get most government services for free. We must appreciate those free stuffs more rather than lament taxes we pay
All governments kept condition of government services really bad, only kejriwal improved government schools and those Mohalla clinics. This is not a political comment, some people will abuse those who gave them these facilities just for their political party which didn't give them anything.
In my religion there a concept of charity
Were we have to pay 12.5% of my earnings
So if anyone earning 15 lakhs
He pays 30% tax + 12% charity
Total 42%
So true but no one in government notices this.
Comparing country like Sweden with the country like India is unfair. There are thousand things which are extremely different.
your question answered here watch at 19:44
The second part after 13 minutes is absolutely brilliant and starkly real. Thankyou..video shared...
My school fee was 7 rupees a month till 12th. Cleared IIT studying there.
There are a very limited amount of such opportunities available.
Working in india now?? Or you had taken the subsidized education and gone abroad?
make indirect tax complicated make business cut tax creatively and make product cheep and help consumer in simple tax reduction there is no tax reduction method
The whole premise of this comparison is a little off - Geographically Sweden is only about 1/7th the size of India with a population of about a little over a crore people. We are now the most populous country in the world. Can you also include the cost of living in Sweden versus India - comparing the tax rate without the population and cost of living is just like showing one side of the coin and not a fair comparison.
Sharing won't help anyway it just raise your subscribers, view and your revenue...govt is not going to consider it at all...
You want to bring the impact, go and force your area MLA, MP to discuss this to the centre govt.
The problem with comparing India with any country is our geopolitical position needs us to maintain a large army and equipment and our population is to big compared to our tax base, so things like free college education and umpleymont allowance cannot be implemented here but govt needs to work on subsidised school education and more govt healthcare facilities which are also efficient. Also need to remove some unnecessary taxes on investment options and put tax on agricultural income.
Absolutely....we just have too much of population....
Great video again !! So I decided to move to Sweden for above reasons :) Earning money and doing hard work is a sin. Every decision Govt. taking here take digital voting from people. Everything is not perfect here either but democracy is matured. Most educated places like Delhi, Karnataka people vote for freebies :(
Matured democracy will soon turn into Islamic state of Sweden with sharia law.
Good luck for your preparation
In Kerala, people prefer government schools. There's a big flow of students from private to government schools.
Also government hospitals are also vary Good
Hi Akshat, I think the biggest wastage of tax happens on government employees, especially bureaucrats and freebies given to employees of various departments.
Can you also please do a video on how much money is being spent on the large number of govt employees and what the tax payer gets in return? I understand it is a complex topic but I trust your research skills to handle it well.
for example: why should a non technical and inexperienced person be hired at great expense to lord over various departments simply because they cleared one exam?
Why not hire an experienced professional on contract basis, with relevant training and education to lead individual projects instead?
On the other hand, why employ construction labour on contract? why not just hire such labour permanently and use them on the numerous projects that the government runs all the time? with time, such labour would gain expertise and also they can be provided with appropriate equipment and insurance covers for carrying out their job if they are permanent employees.
It's difficult to provide good healthcare and education to such a huge population. Also most people here are getting money from companies of foreign countries whose currency has high value and helps cope with the inflation
One strange thing, The builder pay GST for Cement, electricity equipment, AC. Iron and Wooden products. But after construction the home buyer again pay GST. Is it not double tax.
Yesterday I was discussing same thing with my friends but you know what they said to me that I only think negatively.
Now I'm depressed 😞
I understand that middleclass get practically nothing in return. But our country has 1.3 billion of us and that is more than 1/7th of the worlds population. compared to sweden which has a 10 million population. It is far easier to provide such facilities to a less people compared to our country. But I do support that the middle class don't have to take this much of a financial load. Govt should do something about it.
These politicians will suck the blood out of the middle class
We as salaried people pay heavy tax.. Specially who have packages from 10 to 14 lakhs per annum. They are at lower end of their salary but falling into highest tax slabs.. But in general we do not get anything.. No social benefit, medical facility etc... Most toxic country to spend your life..
You are wrong.. percentage of people paying taxes in Sweden and percentage of people paying taxes in India is different.
In India less people pay taxes for service of 1.4 billion people.
Because in India we have to serve those swines on the road.
It's ignorance of tax payers , Indian govt is doing excellent interms of education and healthcare.
This is a big big big issue for a long time now. The middle class gets very less or close to no benefits for the taxes paid. But I am 100% sure there is no going back from here. Things will only worsen with the same analogy of 'what aboutry race' between parties. This is the truth and must be accepted. People are way more powerful out there. Thanks to the internet, a single voice, or even the collective voice can be stopped easily. A way to get out of it is to stop thinking about what most of the middle class is doing right now. If the politicians wanted, they could have done many things collectively like giving up at least some of the perquisites. The bureaucrats too. Or making the agricultural land taxable if not giving up the perks. Also, people ask for government jobs, and they die for them, but they don't try to make things better, those same things that they read during preparations and got selected, then become a part of the same thing. So in the end, these topics only create a small anger inside people's minds for a small time. As they can't tackle these, they stay connected to their families, gods, jobs, or patriotism as these things give them satisfaction or fulfillment. It's only about 70 years of the lifetime of silence. Where we are right now with our morality, nothing can be undone, nor it can be fixed. It has to happen, it will happen, it can't be stopped.
Although your point of investment of 3000 crores vs return of investment is valid only in the frame of financial analysis, you could have found a better example. Like building statues of elephants, all over etc, which was to fulfill a political agenda only.
The Statue of unity is not only for the purpose of tourism. It is to recognise and remember the unsung hero of India who actually United India again. Even if there is zero revenue, that is perfectly ok. The main purpose here is different. Revenue is add-on.
There is another important hidden point associated. We as middle class, only focus on us as individuals. Here we are discussing our finances as individuals. We forget to teach our kids our culture, nationality, and social values. If you understand the value of education, this is one great way of educating people towards national awareness. For such causes every tax payer will feel good to contribute.
Try to differentiate between a political agenda vs national agenda, and empower your kids also to do that. Find and quote other instances where governments kept wasting money for more than 60 years, and could not build any system to benefit tax payers. Government education system, govt healthcare system etc take time to build up. But our middle class guys are into social pressure of status show offs as well.
Current govt did not prioritise building all these benefits, as by now, there were alternate options already available. So they started focusing towards other higher priority things.
But yes, now the tax payers should wake up. They are the worst voters, and least educated towards their own welfare.
Also saying that GST is more complex and confusing, then it puts your viewers into doubt about you. The earlier tax structure was hell.
Looks like this is a paid video to run political propaganda.
Absolutely amazing video, you are doing the thing that the media should have done!
While he tries his best to sound Apolitical,the ‘Statue of Unity’ example that he has picked reflects his mindset.He is talking about 3000 crores,Instead,he could have rather picked ‘freebies’ as example.Just as recent,in Karnataka election,the elected party had promised lots of freebies to the public which will eventually cost more than 61000 crores!Thats the prime example of taxpayer’s money insane amount being wasted on non productivity.
He belongs to same toolkit gang of congress. He only critics current gov
As per government data on 5% of total indian population are paying income tax. That means only 5% of total population are taking the burden of rest 95% population. These 95% population are enjoying government benefits and 5% hard working population are getting nothing
Pre GST, taxation was 1000 times more complicated.. different rates at different places for same goods.. now it's simplified.. u say u want 15-20%.. so food items, essential items will be much costlier burdening the middle class more. Different slabs is a common sense. Now it's simplified, transparent - earlier there use to be no mention.. now clear mention of how much the tax for what item.. cgst, SGST..
i subscribed just because of hte topic you selected... middle class taxation.. need more awareness on this...
The title is what ive been saying since and long time but no one understands that because they think this is the norm. They dont even realise they r being ripped off.
Paying tax in India is simple charity, but the sad this there a lot of boggers in that charity and eating that charity amount too.. There are not even proper roads forget about hospitals. I almost broke my back because of the bumpy roads in bangalore. It is not even charity. here are too many buggers/rats eating away all the collected money too
Sue schools for price gouging 😂😂. Sue governments for giving away too many freebies😂😂.. not sure if we can even do that! It could be a nice PIL topic though
In India govt doesn't have any other means of earning apart from taxes. PSU's were ruined so that they can be sold in cheap instead of making them profitable. If govt give ₹1 benefit to citizen's, it spends ₹2 for promotion. In foreign countries apart from election purpose it is seldom that PM or Presidents image hoardings can be seen anywhere...
Excellent topic you raised - middle class not united, nothing in return (education, Healthcare, social security) and tax is punitive
Unfair comparison.... There is almost no need for middle class to do manual work. All domestic services are available at cheap rates. Same is not the case in scandinavian countries.I talked to some danish and swedish people and found that almost all of them have worked as mechanic or gardner or delivery boy or as a farm worker in their teens as there is a huge dearth for labour in such countries. They also do their domestic work on their own.
At least for the tax payers, there must be some subsidiary benefits from the Government. Right now we feel robbed, because we are giving our hard earned money, in return we get nothing, and again have to pay GST for everything.
You are overlooking a big fact - less than 5% pay taxes in India the rest evade taxes so this comparison is flawed.
I am in sweden at present.. And I am really happy to pay tax here... my kid uses free school, we use free health care... but not at all happy to pay in India...
The only way to save tax money is having a business.
What i have observed and experienced atleast in metro cities of Maharashtra that the government hospitals these days are very clean, hygienic and free with good doctors.
Agreed we don't get direct been of the tax we pay on our salaries but we at times are not aware of how coz there are many policies a d we don't utilize them since we feel its too much work.
I really hope God gives me some good brownie karma points for paying taxes loyally every year so that rest of India can benefit and run from it. The worst part and most hurtful fact is if u Google hardly 9 % Indian population is paying tax through ITR.
Each year food and medicine bills are increasing 20 to 30% in India.
I think the problem that tax benefits are not reaching the needy one about 70% are going to corruption
100% agreed with everything you mentioned