I bought car of 20 lakhs. As per Invoice car value is 12 lakhs and tax is 8 lakhs. Also government collecting 30% on my salary. Sad part is we don't have proper roads in our colony. This is our fate
That is the difference between corporate and private/partnership type business where you have to deal unlimited liability, whereas in corporate you are immune from that.
@@roxymax8917too much bro,india will explode soon , civil war and small scurmishes are already happening but midea npt highlighting it , at a point i understood why some people of punjab want something😢
Problem is not just high tax...europe also have high taxes.... But main Problem is return on taxes...fun fact is even Bjp supporter who is ready to give vote but not ready to give taxes
Supporting bjp doesn’t mean we support every single thing, everybody has their own perspective, EOD we only get to choose the better option not the best..
Difference in India, is biggest tax in India is GST - indirect taxes, meant to avoid taxing the rich. And again, these taxes collected are distributed unfairly, targeting the better to do states, even though they are not "rich"
Middle class are tortured by the direct and indirect taxe.Pathetic in INDIA and all this money are looted.Individuals are taxed more than corporate. Happy that you are exposing INDIAN tax system.
If Gov reduces indirect tax, personal and corporate taxes will further go up. The biggest challenge is 50% of population who are in agricultural profession are not liable to pay taxes, which is the biggest culprit and a loophole to convert black money!
In India freé scheme dependent people runs thier daily life on others tax paid money . The same people talks about nation , jobs,Opportunities, food, growth education.
excellent analysis sir. unfortunately the bureaucrats never care for citizens' happiness here 😥 Singapore is such a caring govt which respects and strives for happiness of citizens. people are really blessed
It’s not about population. Growth trajectory of the individual also halted. I do agree limit should be around 2cr for an individual or some discounted tax.
In india freebies to be given to get votes which in my view is a organised crime.i give you food and money free every month every year and you have to vote every 5 years to me, things like that
Keeping pickles selling maami in the finance minister position which was once adorned by great economist like Dr. Manmohan Singh is highly ridiculous. Person like Raghuram rajan or other economist who understands common people should be given the portfolio
You missed his comments on Mr. P Chidambaram. Also, can you check the Congress manifesto and comment if they have any commitment to reduce/remove STT, LTCG tax etc?
In Europe even if they collect heavy tax,the services govt providing is justifiable,because good standard education,good standard health care ,good standard public transport etc...for free,but here in india...
Only direct tax is paid by 3% that too only 0.3%pay 90% of total direct tax. But indirect tax is paid by 100% of population. Only 51.5% is direct tax (income tax) collection balance 49.5% is Indirect tax (GST) . Do you think these rich people would let us enjoy their money😂😂 And they too earn from doing business in our country.
When the government collect gst, they should not collect business tax. Similarly since they collect income tax from retail traders & investors, they should not collect STT, GST & other taxes with every order. Tax terrorism is not a strong word, it's a correct word for what the government is doing.p
India Govt collecting tax like any other developed country but trying to fulfill only basic requirement of citizens where sarkari babu are living like son in law life. Not only taxation should change but should be transparent to citizens where govt exactly spending tax payers money to develop our standard of Living.and I haven't seen an income tax officers scrutinised for money laundering
Salary - 30% tax Buy car from taxed money - 28% Road tax in that car Petrol GST - 28% Toll tax with GST You are left with your breads to survive. Useless country
I was weeping in my heart when I first realized the amount of direct and indirect taxes I pay every year. When a common man like us questions govt tax spends, some educated fools questions us back "are you paying so much to question the govt?". Every person who is using the product or service is paying taxes. Until, everyone realizes how much they pay and what they get in return, they won't be vocal about it. If more people are not vocal, tax terrorism will never end. Thanks PRS for spreading awareness and expressing the pain of common man. I wish Im rich enough to fly away to tax heavens
Dear Sir, aviation turbine fuel is neither petrol nor diesel. It's pure kerosine oil. That's why it is cheaper. All aviation turbine engines are run by pure kerosine oil, called ATF i.e. Aviation Turbine Fuel. Most of the common people do not know this. I worked on MIg-21 fighter in the Indian Air Force, that's why I know. Thanks and regards.
In india , for many jobs cash in hand and no tax . You cant compare western countries with India. We need money to build our country and proper taxation is the only way to do so.
Salute..to the great terrorism structure of india..credit goes to our the steel frame beurocracy..which works on the same mentality and principles from their ancestors of collonial india..the alliance of our beurocracy..and illetrate. Elected govt..makes india.. a hell for enterprenuers, businesess and stock market...
In USA even if direct tax is high, they give fre quality schooling to all children in a school district for free up to 12th standard , the roads are good, the basic infrastructure is excellent
Problem is - what do we get back from the government after su h high taxes? We still have to educate our children in private schools and go to private hospitals for illness.If the government provides quality schools and hospitals- why should we go there ? With our tax money- huge statues, foreign tours of ji, loan write offs for corporates are Done
And they don't care even a percent about it I.e they never regulate schools who keep changing books every day and bokms and all charges are high Even they never care about questioning any company regarding double standard in their food and all
Nice video Sir. In addition to high taxes, there are too many charges for trading in our stock markets. In all other global markets, so much charges aren't there I guess. Hence can you please make a video of comparison of trading charges of our markets vs US market trading charges. Hopefully that will force the government to reduce the different charges and make it at par with rest of the world.
Many people who are rich they are not paying taxes they are escapin . total of 144 cr people of india only 4 cr people are filling it returns that is main problem sir.
Bhai sahab income tax se desh ni chalta. Koi tax bhare ya na bhare wo koi b 1 rupaye ka Saman kharidta hi to usper tax laga hua hi rehta hi na. Koi b product consume krta hi to us product ko banane bechne transport main Jo Kharche aata hi usper Jo tax aata hi wo Sara jod kr hi end user ko costi g padti hi To 100 rupaye din ka kamane wala b 10-20 percent tqx bhar hi deta hi Questio. Ye hi ko govt fa iloty kya de rhe Europe usa se tax maim compare krenge vaki facility kr di kya waha jaise Aaj ek middle class ka bachcho ko padhane aur tuition pr Kitna Kharche ho jata hi usa europe to ye sab free hi Rk 50k monthly kamane wale k 2 bqchcho ka school tuition admission fee mila ker easily 10% income ka monthly ho jata hi wo sab alaag se do aur inko tax b do
Can you speak about corruption politician's terrorism? It is the very important issue for past 50 year's plus. The issue is not paying tax. Weather the tax is spended in the right way or its going to corrupted politicians pockets is only the issue.. Can you pls explain.
Population of Singapore is around 60 lacs and you compare it with India . It is not logical at all. Should compare with China where population is comparable.
Subramanian Swamy has been advocating for scrapping personal income tax for years. I'd vote for anyone who will do it. They tax you Rs. 35 on 100 rupees you earn. then 15% GST when you spend the Rs. 65 and then inflation shaves off Rs. 15 every year unless you earn a CAGR of 20%
The problem is that the opposition leaders are totally useless. Hence the ruling party can take middle class people for granted and keep on increasing taxes without any fear of losing power. It will be disaster is capital gains tax is replaced
Sir its the fault of the middle class, especially salaried who blindly support bjp. Why should they care when they already have you in their pockets? Unless middle class punishes these people they will never do anything for us
In India the middle class can't come out of middle class because of taxation So they want to come out of this taxes and finally they end up in scams and go to lower class
Our most respected Indian govt's very sincere in imposing more taxes on common people so that they can feed dirtiest political parties and politicians forever
Mo D needs more and more tax money to pay for benefit schemes. Tax payer gets back nothing from gov. All development is done through loans i.e not through tax. This means Mo D is using a large portion of the tax money to get electoral benefits from benefit schemes being run on tax money. ED is putting AAP leaders into jail for corruption of few crores but Mo D is free to do corruption of billions of Rs by using tax money to give electoral benefits to BJP.
One more point sir.. In USA, husband+wife (even if one of them is not working) can file taxes together.. so effective taxes can come down to 25-27% even if they are in 35% tax slab.. There is no such option in India.. On top of it schooling (including food) is completely free till grade 12.. so effectively taxes in USA are much less than in India.. And 2nd point.. I think you are also in the top 1% wealth group 😅
Somebody mentioned it below.... In the US, a small amount is deducted from every paycheck into their Social Security Number (Like Aadhar). If any person work for 10+ years and accumulate 40 points, he or she is entitled to get a pension at age 62. Depends on how much is deducted from lifetime paycheck, you get pension check large or small. 😅😅😅😅😅😅
You won’t believe , on a new Innova crysta diesel, total indirect tax GST is 50% of e ex factory price , no wonder Toyota is putting cheap hard plastic inside the car. Even Hyundai has started to do this to survive high taxation, cutting corners . After this we have to pay lifetime road tax and insurance😛😛
Trading Tax Whether you make profit or losses, you have to pay taxes, but once you make profit beyond 5 lakhs, again you have to pay income tax. All these taxes are misused by politicians and Govt employees without any benefit to the public tax payers.
Sundar sir, appreciate your efforts .. GST should be 5% on basic services , services like cleaning, repair, salon from Urbanclap, Nobroker etc.. which really impact gig workers and common man.
Difference in India, is biggest tax in India is GST - indirect taxes, meant to avoid taxing the rich. And again, these taxes collected are distributed unfairly, targeting the better to do states, even though they are not "rich"
u forgot that we have double taxation for Dividend which all ppl are paying. Also the other countries are providing the facilities whic h india does not provide after paying huge taxes, i m sure if ppl makes more money they will surely go to some other countries.
We can't really compare with them. India is still a developing country with 140cr people, huge at it. And only less than 5% people pay taxes. So until atleast 30% people and firms pay correct tax, I don't see any changes. Tax is major revenue and used for all the developments.
Dear sir, your told corporate tax high, when come to petrol price higher people pay tax less. How many people pay tax direct (income) compare the population. How to government spend to people.
Hello Sir, This video was excellent and very informative. 🙏Thank you so much sir I have a problem in utilizing my GST credit due to the order of utilization priority. Can you pls suggest any ideas sir? Is there any solution to utilize SGST credit for IGST liability before exhausting CGST credit in electronic credit ledger ? why is the government setting this priority guideline in way it become a hurdle for business activity and SGST credit remains unused for long period or wasted ? Due to this order of priority people doing business have to pay GST even when they have the Input credit accumulated as SGST Can you please help. Thanks in advance.🙏
No logical reasons behind taxation in India. Income tax payers are squeezed for 1. Being non votebanks 2. Payments for the pension, subsidies and free benefits the babus get 3. Payments for the votebanks these politicians creates, with reservation and free distribution of services to the votebanks
Simple answer to this question - No, it won’t. In a country where 10% of the population is paying taxes to manage the remaining 90%, the situation needs decades to even marginally improve
The Government is not even speaking about relaxation on taxes. Even a little salaried person is bound to pay more than 20 % from their salary. And after that this is not the conclusion of taxes he is yet to pay taxes on his every single penny purchase. What a n example of making the people fool... How unfortunate.Did it ever going to an end...
90% of small scale business will file for bankruptcy if India tries to implement Singapore model , government will end with nothing with this. If all people pay their income tax properly then indirect taxes can be reduced, but only 3% pay direct taxes. If small scale businessman pay their taxes as income tax of their tax slab bracket of their profit earned then we will get proper results but they won’t pay that. Chai wala earns more profit and income that a IT engineer they won’t pay any income tax , slooon earns more profit do they pay taxes a big no. It is the people who are wrong due to which government have to do these things. Until or unless every part of money is digitalised and also government need to make sure these people are taxed as well then only indirect taxes will reduce
I bought car of 20 lakhs. As per Invoice car value is 12 lakhs and tax is 8 lakhs. Also government collecting 30% on my salary. Sad part is we don't have proper roads in our colony. This is our fate
Vote modi jj everything will be alright 😅😅😅 vishwa guru save u
@@karthikvijay5
Andh bhakts don't have logic on why they vote for Bekar Janta Party.
BJ party 😅
This taxes on Salary is killing us bro..
@@karthikvijay5lol as if Scamgress party gave every for free
Tax on Dividends is another example
Dividends are paid from profits after tax
They are again taxed in Individual Accounts as well
That is the difference between corporate and private/partnership type business where you have to deal unlimited liability, whereas in corporate you are immune from that.
Tax on interest too, wtf !!😅
@@roxymax8917too much bro,india will explode soon , civil war and small scurmishes are already happening but midea npt highlighting it , at a point i understood why some people of punjab want something😢
In India, politics is a business, not a service to the people....
Entire world
It's the same everywhere.
True
You are not people you are cow to be milked. Politicians only care about people are vote Bank
Har jagah aisa hi h
Loved the word tax terrorism , the points you mentioned are too valid . Govt should really consider working on these.
Problem is not just high tax...europe also have high taxes.... But main Problem is return on taxes...fun fact is even Bjp supporter who is ready to give vote but not ready to give taxes
Sir with due respect India is not even close to Europe in any any way 😊....so Tax are not justified
Typical colonial slavery mindset @@anuj007thakur
True
Supporting bjp doesn’t mean we support every single thing, everybody has their own perspective, EOD we only get to choose the better option not the best..
Difference in India, is biggest tax in India is GST - indirect taxes, meant to avoid taxing the rich.
And again, these taxes collected are distributed unfairly, targeting the better to do states, even though they are not "rich"
Really I do not understand why a farmer having 100 acres of land need not pay a single as tax.
Exactly, it's worth in crores but man with salary hardly getting 60k has to pay tax.
Because most of the big land owners are politicians. They park their corrupted money by buying it. 😂
Because our country encourages farming.. India's backbone is farming.. common sense..
Countries like UAE encourage businesses..hence they have many perks for businesses..
Picking the country according to your profession helps to save more
मैं AMS100K पारिस्थितिकी पर विश्वास रखता हूं। प्रगति में रोमांचक विकास हो रहा है।
Indian tax is too High 😮 government should abolish salaried people income tax when they are charging so much GST
Income tax should be abolished. GST is enough.
Also taxes on Diesel..
That drives up the cost of transportation of everything, eventually causing unnecessary inflation.
@@sanketnegi1no wonder next they put tax on breathing air too hahaha😂😂
Not to abolish instead provide benefits only to the tax payers. That lafoot free bees are our money😢😢
@@madhukoli6481 , when GST collection exceeds Rs. 1.5 lac crores a month, why do we need IT?
Middle class are tortured by the direct and indirect taxe.Pathetic in INDIA and all this money are looted.Individuals are taxed more than corporate. Happy that you are exposing INDIAN tax system.
Abbey learn basics... Corporates create job and build economy... Can one individual do it?? ... Hence to create opportunity for them it's less.. Basic
Individuals create demand for products and services, better living and more jobs due to good demand
Moreover, I heard in US tax payer get pension for life time after their service but we don't get any thing for tax payed.
they have rich government who prints dollar and spends 100 of billion in war so sure they can pay pension
There is a separate tax for that, along with regular tax
Make sure when u hear things next time u keep ur ears wide open till the end..
If Gov reduces indirect tax, personal and corporate taxes will further go up.
The biggest challenge is 50% of population who are in agricultural profession are not liable to pay taxes, which is the biggest culprit and a loophole to convert black money!
True. Agriculture tax is ZERO. & 90% of Agricultural land is held by very few rich farmers and remaining 10% by large number of small farmers
I also want to leave India after getting rich 😂😂😂
@@sphb100 lol what a load of bull
If war happens ..you guys will come back to India 😂.. remember - home is home ...
Before going out from India ..look for a stable government country and go... because the chance of coming back to India will be less😅
If you leave before becoming rich, it will help someone else the chance of becoming rich or even getting your job.
@@JasMusical U don't know India before Modi, had it not been Modi in 2014, India would be worse than Pakistan
FET और AMS100K को साझा करने के लिए धन्यवाद 💯
Well said Mr Sundar.....time for the common man to rise up against this injustice.
In India freé scheme dependent people runs thier daily life on others tax paid money .
The same people talks about nation , jobs,Opportunities, food, growth education.
Let's remove all subsidies and freebies....then listen to Mr Sundaram.
excellent analysis sir. unfortunately the bureaucrats never care for citizens' happiness here 😥 Singapore is such a caring govt which respects and strives for happiness of citizens. people are really blessed
What is the population of Singapore…they don’t allow it to go beyond 15 lakh.
So why these double standards
It’s not about population. Growth trajectory of the individual also halted. I do agree limit should be around 2cr for an individual or some discounted tax.
In india freebies to be given to get votes which in my view is a organised crime.i give you food and money free every month every year and you have to vote every 5 years to me, things like that
Keeping pickles selling maami in the finance minister position which was once adorned by great economist like Dr. Manmohan Singh is highly ridiculous. Person like Raghuram rajan or other economist who understands common people should be given the portfolio
You missed his comments on Mr. P Chidambaram. Also, can you check the Congress manifesto and comment if they have any commitment to reduce/remove STT, LTCG tax etc?
In Europe even if they collect heavy tax,the services govt providing is justifiable,because good standard education,good standard health care ,good standard public transport etc...for free,but here in india...
Tax paid by 3% of population, enjoyed by 97% of population?
Any comments on this Only 3% pay tax??
Difference in India, is biggest tax in India is GST - indirect taxes, meant to avoid taxing the rich.
Only direct tax is paid by 3% that too only 0.3%pay 90% of total direct tax.
But indirect tax is paid by 100% of population.
Only 51.5% is direct tax (income tax) collection balance 49.5% is Indirect tax (GST) .
Do you think these rich people would let us enjoy their money😂😂
And they too earn from doing business in our country.
125% people pay tax in India
You are using only 3%of your brain. Improve yourself.
When the government collect gst, they should not collect business tax. Similarly since they collect income tax from retail traders & investors, they should not collect STT, GST & other taxes with every order. Tax terrorism is not a strong word, it's a correct word for what the government is doing.p
Indian Tax system sucks.
India Govt collecting tax like any other developed country but trying to fulfill only basic requirement of citizens where sarkari babu are living like son in law life. Not only taxation should change but should be transparent to citizens where govt exactly spending tax payers money to develop our standard of Living.and I haven't seen an income tax officers scrutinised for money laundering
Problem is no return benefits on higher taxes in India as compared to other countries.
Salary - 30% tax
Buy car from taxed money - 28%
Road tax in that car
Petrol GST - 28%
Toll tax with GST
You are left with your breads to survive.
Useless country
Useless as well as disgusting
Fortunately, no taxes are based on caste, religion.
Then they get less tax than now
I was weeping in my heart when I first realized the amount of direct and indirect taxes I pay every year.
When a common man like us questions govt tax spends, some educated fools questions us back "are you paying so much to question the govt?". Every person who is using the product or service is paying taxes.
Until, everyone realizes how much they pay and what they get in return, they won't be vocal about it. If more people are not vocal, tax terrorism will never end.
Thanks PRS for spreading awareness and expressing the pain of common man.
I wish Im rich enough to fly away to tax heavens
Dear Sir, aviation turbine fuel is neither petrol nor diesel. It's pure kerosine oil. That's why it is cheaper. All aviation turbine engines are run by pure kerosine oil, called ATF i.e. Aviation Turbine Fuel. Most of the common people do not know this. I worked on MIg-21 fighter in the Indian Air Force, that's why I know.
Thanks and regards.
Abolish income tax.. Only keep gst..
In india , for many jobs cash in hand and no tax . You cant compare western countries with India. We need money to build our country and proper taxation is the only way to do so.
Salute..to the great terrorism structure of india..credit goes to our the steel frame beurocracy..which works on the same mentality and principles from their ancestors of collonial india..the alliance of our beurocracy..and illetrate. Elected govt..makes india.. a hell for enterprenuers, businesess and stock market...
Once you start charging GST for the same service, demand for service decreases... SO TRUE.... 20 lac GST limit is killing SME's
True, in present times, this turnover is peanuts and comply with this we need spend a lot on audit and related headaches
In USA even if direct tax is high, they give fre quality schooling to all children in a school district for free up to 12th standard , the roads are good, the basic infrastructure is excellent
For Road, bridges, Railways
All infrastructure funds are required
From where these money will come.
Tax the ultra rich
They are giving jobs to lakhs of people@@udhayakumarMN
Problem is - what do we get back from the government after su h high taxes? We still have to educate our children in private schools and go to private hospitals for illness.If the government provides quality schools and hospitals- why should we go there ? With our tax money- huge statues, foreign tours of ji, loan write offs for corporates are Done
And they don't care even a percent about it I.e they never regulate schools who keep changing books every day and bokms and all charges are high
Even they never care about questioning any company regarding double standard in their food and all
In india all political groups are doing the same, they are just changing dress!
They are not custodian of democracy they are political gangster fighting for power control for personall gains
Caste and religion politics and free bees to come into power making govt to increase the high taxes I believe
Andh bhakts are worried that Congress will come in power 😂😂
@@OriginalSlayer9Pappu will come to power. Stop dreaming 😂😂😂
a farmer having 800 acres in telangana gets raithu bandhu free current but each acre is valued at around 3 crores
In Singapore you cannot buy car if you want to , even if you have lots of money
I thought the BJP taxing policy was bad…
Now Rahul Gandhi is saying that if voted to power he will seize wealth and redistribute to aam aadmi.
He has not said that, sanghi.
Aam Aadmi party already has plenty of cash ;-)
@@rohitmadashri7250, only political party that is bankrupt is BJP.
We Middle Class pay Most Tax in India and Do not get Anything in Return Only Option Seen is Migrate to Another County
Nice video Sir. In addition to high taxes, there are too many charges for trading in our stock markets. In all other global markets, so much charges aren't there I guess. Hence can you please make a video of comparison of trading charges of our markets vs US market trading charges. Hopefully that will force the government to reduce the different charges and make it at par with rest of the world.
He has done videos on this earlier
Keep electing same party and expected them to be humble is madness....
Yes..When I look in the charges..I feel what the fuck..
Many people who are rich they are not paying taxes they are escapin . total of 144 cr people of india only 4 cr people are filling it returns that is main problem sir.
Bhai sahab income tax se desh ni chalta. Koi tax bhare ya na bhare wo koi b 1 rupaye ka Saman kharidta hi to usper tax laga hua hi rehta hi na. Koi b product consume krta hi to us product ko banane bechne transport main Jo Kharche aata hi usper Jo tax aata hi wo Sara jod kr hi end user ko costi g padti hi
To 100 rupaye din ka kamane wala b 10-20 percent tqx bhar hi deta hi
Questio. Ye hi ko govt fa iloty kya de rhe Europe usa se tax maim compare krenge vaki facility kr di kya waha jaise
Aaj ek middle class ka bachcho ko padhane aur tuition pr Kitna Kharche ho jata hi usa europe to ye sab free hi
Rk 50k monthly kamane wale k 2 bqchcho ka school tuition admission fee mila ker easily 10% income ka monthly ho jata hi wo sab alaag se do aur inko tax b do
Can you speak about corruption politician's terrorism? It is the very important issue for past 50 year's plus. The issue is not paying tax. Weather the tax is spended in the right way or its going to corrupted politicians pockets is only the issue.. Can you pls explain.
Population of Singapore is around 60 lacs and you compare it with India . It is not logical at all. Should compare with China where population is comparable.
He is Pakka Congi always blame Modi ji policy
@@desigamanidesigamani5649 he blamed Congress ministers. Never named Nimmi though
@@CosmosChill7649naming nimmi is like inviting E.D to his house 😂😂😂😂
@@udhayakumarMN😂😂😂
To China se hi kis chij main aage hi bata do Khali bate krne main aur tum jaise gadho se bahasa hi ni kiya ja sakta
Paying tax not getting anything in return. That's the main problem
Sir, govt. will ban you or cancel your passport.
Every elections you hear rumors from BJP that income tax will be abolished etc.
Taxes are high because of freeloading community. Non direct tax payers should have no voting rights
I will leave India in future dont want pay tax and not getting any benefits
Perfect video !! All logics are honestly right & all points discussed here are our inner voice represented by you. Thanks for creating this video. ❤
Nothing will change in India, it may only increase the taxes further
Subramanian Swamy has been advocating for scrapping personal income tax for years. I'd vote for anyone who will do it. They tax you Rs. 35 on 100 rupees you earn. then 15% GST when you spend the Rs. 65 and then inflation shaves off Rs. 15 every year unless you earn a CAGR of 20%
Reservations & Govt Free Schemes causing high tax,Gst in india
It's not reservations. It's bank NPA because of mayya like people
Indian taxation is suffocating.
The problem is that the opposition leaders are totally useless. Hence the ruling party can take middle class people for granted and keep on increasing taxes without any fear of losing power. It will be disaster is capital gains tax is replaced
PRS is talking what the common man should be talking - capitalism. Instead, common man is talking about religion only.
Sir its the fault of the middle class, especially salaried who blindly support bjp. Why should they care when they already have you in their pockets? Unless middle class punishes these people they will never do anything for us
Really pained by this illogical taxes and politicians becoming richer and richer by our hard earned money.
This is the best & only video from Mr. Sundar came across by me .
Direct tax is so much ..govt doesn't want people live happily. Inspite of paying tax ..we need to eat roadside food only
BJP is the worst political party for middle class.
In India the middle class can't come out of middle class because of taxation
So they want to come out of this taxes and finally they end up in scams and go to lower class
Our most respected Indian govt's very sincere in imposing more taxes on common people so that they can feed dirtiest political parties and politicians forever
I totally agree as they have passed a orders against me by just falsely accusing me over paying wrong taxes.
Its because of Greedy politicians
Mo D needs more and more tax money to pay for benefit schemes. Tax payer gets back nothing from gov. All development is done through loans i.e not through tax. This means Mo D is using a large portion of the tax money to get electoral benefits from benefit schemes being run on tax money. ED is putting AAP leaders into jail for corruption of few crores but Mo D is free to do corruption of billions of Rs by using tax money to give electoral benefits to BJP.
One more point sir..
In USA, husband+wife (even if one of them is not working) can file taxes together.. so effective taxes can come down to 25-27% even if they are in 35% tax slab..
There is no such option in India..
On top of it schooling (including food) is completely free till grade 12.. so effectively taxes in USA are much less than in India..
And 2nd point.. I think you are also in the top 1% wealth group 😅
Sad. BJP has the worst FM having a deaf ear to listen to the option traders.
GST is one of worst idea ,this is like suicide for common man
Everyone should stop paying tax as part of the protest.
Somebody mentioned it below....
In the US, a small amount is deducted from every paycheck into their Social Security Number (Like Aadhar).
If any person work for 10+ years and accumulate 40 points, he or she is entitled to get a pension at age 62.
Depends on how much is deducted from lifetime paycheck, you get pension check large or small.
😅😅😅😅😅😅
Indian Govt living on Taxes...
You won’t believe , on a new Innova crysta diesel, total indirect tax GST is 50% of e ex factory price , no wonder Toyota is putting cheap hard plastic inside the car. Even Hyundai has started to do this to survive high taxation, cutting corners . After this we have to pay lifetime road tax and insurance😛😛
Nirmala Sitharaman has some inbuilt desire to inconvenience people
RICH Peoples expenses covered within their BUSINESS Account and paid by their customers or tax paid is returned by GOVT as CLAIMED.
Trading Tax
Whether you make profit or losses, you have to pay taxes, but once you make profit beyond 5 lakhs, again you have to pay income tax.
All these taxes are misused by politicians and Govt employees without any benefit to the public tax payers.
Sundar sir, appreciate your efforts .. GST should be 5% on basic services , services like cleaning, repair, salon from Urbanclap, Nobroker etc.. which really impact gig workers and common man.
Difference in India, is biggest tax in India is GST - indirect taxes, meant to avoid taxing the rich.
And again, these taxes collected are distributed unfairly, targeting the better to do states, even though they are not "rich"
Getting refund nowadays is not difficult. I am a CA and do not face any problem in getting clients refund.
u forgot that we have double taxation for Dividend which all ppl are paying. Also the other countries are providing the facilities whic h india does not provide after paying huge taxes, i m sure if ppl makes more money they will surely go to some other countries.
I too paid advance tax in March..but end up in loosing money in trading..
Capital gains tax is charged only on the profits earned. If one incurrs loss in some other transaction should he given rebate on the profits earned?
Tax terrorism is very well put,you expressed feelings of so many people
Drunkards are the people who pay the highest tax in India 😢
Its like paying interest on tax which is already compound tax which calculated on tax which can not be reclaimed or offset
We can't really compare with them. India is still a developing country with 140cr people, huge at it. And only less than 5% people pay taxes. So until atleast 30% people and firms pay correct tax, I don't see any changes. Tax is major revenue and used for all the developments.
Dear sir, your told corporate tax high, when come to petrol price higher people pay tax less. How many people pay tax direct (income) compare the population. How to government spend to people.
I am paid tax only calculated around 34 lakhs in 10 years but my saving is 10 lakh only ...cant escape from india so they puttinf too mucj tax ....
We need tax reforms asap..i wishPr sundar should be made finance minister.
He has said both present and previous govts have taxed the traders a lot . So this is his fair opinion and nothing political about it.
Hello Sir,
This video was excellent and very informative. 🙏Thank you so much sir
I have a problem in utilizing my GST credit due to the order of utilization priority.
Can you pls suggest any ideas sir?
Is there any solution to utilize SGST credit for IGST liability before exhausting CGST credit in electronic credit ledger ?
why is the government setting this priority guideline in way it become a hurdle for business activity and SGST credit remains unused for long period or wasted ?
Due to this order of priority people doing business have to pay GST even when they have the Input credit accumulated as SGST
Can you please help. Thanks in advance.🙏
Sometimes you speak NSense, but the STT in lieu of Capital Gain tax is an eye opener..
This has to be challenged by we tax payers
No logical reasons behind taxation in India. Income tax payers are squeezed for
1. Being non votebanks
2. Payments for the pension, subsidies and free benefits the babus get
3. Payments for the votebanks these politicians creates, with reservation and free distribution of services to the votebanks
You made your money in India, you are still trading in Indian securities, now when it comes to paying tax you want to run away.
Pay tax, pay bribes & cast your vote in time. Don't expect anything form government.
Very correct PRS Sir... Taxterrorism
Simple answer to this question - No, it won’t. In a country where 10% of the population is paying taxes to manage the remaining 90%, the situation needs decades to even marginally improve
The Government is not even speaking about relaxation on taxes. Even a little salaried person is bound to pay more than 20 % from their salary. And after that this is not the conclusion of taxes he is yet to pay taxes on his every single penny purchase. What a n example of making the people fool... How unfortunate.Did it ever going to an end...
We don’t know where our TAX Money is going sadly… Nobody talks about it either.. obidient citizens…
90% of small scale business will file for bankruptcy if India tries to implement Singapore model , government will end with nothing with this.
If all people pay their income tax properly then indirect taxes can be reduced, but only 3% pay direct taxes.
If small scale businessman pay their taxes as income tax of their tax slab bracket of their profit earned then we will get proper results but they won’t pay that.
Chai wala earns more profit and income that a IT engineer they won’t pay any income tax , slooon earns more profit do they pay taxes a big no.
It is the people who are wrong due to which government have to do these things. Until or unless every part of money is digitalised and also government need to make sure these people are taxed as well then only indirect taxes will reduce
No vote for BJP today onwards