Relax, they had to cut down the deficit so there was no room to cut taxes until now and in fact realistically tax cuts prolly should be delayed till next year. We are paying the price for negative nominal GDP and massive increase in deficits in covid, in form of higher taxes today
@antonyjohnpeter549 Recovery process remains on for written off loans btw, duh. Indias main problem now I'd lack of job creation and wage growth, eveyhtjng else is quite good tbh.
Nirmala Sitaraman needed to be shunted out from FM. Freebies needed to be stopped forthwith for all except Adivasis. Even a Labourer working earns 20000/- per month and then gets free ration, Electricity, Water etc with everything to take and nothin on stake to contribute for countries infrastructure. Modi needs to understand this. No Scholarships to SC/ST but to all weaker sections of society should be included. There are numerous changes required with Health and Education getting priority. Government Teachers needed to be made responsible for poor results in the Government Schools. A Binding on All Teachers and Government Staff for enrolling their children only in Government Schools. Infrastructure Spending on Creating And Maintaining Good Government Schools. .
4 5 years back, the budget was called as long term in nature, but after 5 years, there are no benefits. So what is the long term mean? Out of Total budget only 20% should be on long term 20% short term upto 3 years 60% spend for the fiscal year
Also make sure BJP each leader present what they achieved...why only Prime minister shielding them. Very well pointed that decisions and implementations are way too slow non-performing ministers should leave
People like Mohandas Pai should be inducted in Govt. With real power in their hands. If we improve courts, litigation, GDP will significantly improve. In the present sysyem,Law breakers are incentivised merely die to delays in court cases.
This govt doesn't give a damn for the middle class . No matter how much u scream.. they will not change anything.. so don't keep any expectations.... On the contrary expect some extra tax in GST..
We are paying indirect tax on everything so, therr should be no income tax on employees. We get no benofits from government, no freebies. When we lose job they don't provide unemployment benifits then why tax?
Everything is screwed up with very high taxes. Everywhere there is tax. With this budget the prices will remain to high. Nothing will change. I was checking for hotels for a family trip for 3 days, the taxes starts from 7000 to 14000. Government earns money without any pain. What kind of enjoyment should I have as a middle class.
Yes. Govt already says fuelbprices can't come down. So if taxes also remain high, it will be hard on middle class. And time immemorial experts say that only 2% pay taxes. It can't be especially after system improvement,, implementation of "big data" analytics, etc. So how come more tax payers not getting added. Difficult to go with experts view.
To welcome new investers and also to encourage the existing investors/Traders, Governemt should reduce the Short Term Capital Gain Tax from the existing 20% to 5% considering the frequent crashes and the resultant loss of lakhs and lakhs of Rupees. Security Transaction Tax and GST has also to be removed to support Indian Stock Market Investors/Traders. This has to be proposed and passed in the UNION BUDGET IMMEDIATELY. Please take it up with the concerned authorities and implement the same very shortly.
Who are servants to make financial policies in democracy ? ,We ( citizens in democracy ) must want a part of tax money, not only salary, pension, etc for public servants
How will govt balance deficit by tax cuts, capital gains can go up it's windfall gains. Reduce gst drastically for one year as record collections, govt also gets rbi dividends, where does this money go?
Salary class stop buying things, live frugal life. Remove salary in cash from banks,buy small gold by cash. Dont buy cars, stop buying real estate, Make government get less tax revenues
Income tax paying individuals look like fools. They pay income tax and gst. Abolish income tax its stupidity to pay income tax and gst on every item bought using tax(income) paid money. If you couldn't abolish income tax then give input tax credit for the goods or services paid via income taxed money. If average gst is 18℅ then a 30℅ income paying individual willbpay around 48℅(30℅+18℅) as tax.this is like working 11 days out if 22 days to pay tax for the government. What government is providing security everything charged directly from us. Education cess, road tax water tax, property tax. Instead of Paying 50% of money a 30℅ tax paying individuals can from small groups and hire security personnels and by the way they generate employment and pay tax only for military personnel who secure the nation.
We need simple tax system, including easy tax filing system. Stop taxing savings account interst and FD interest. Scrap Capital gains tax on shares and MF's, STT can be suitably enhanced.
80c is limited to 1.5 lakhs... It is the main thing for any taxpayer... 80c limit should be at least 2.5 lakhs or it needs to split into further sections
this guy said same things before budget last year.. just after budget he was praising it, then after backlash on twitter started to criticize it.. it seems he derives his opinion from public sentiment
Middle and lower class people avoid and close MF immediately due to high tax and low. LTCG tax in MF is zero, then 10 % and 12.5% now. In future they will increase up to 30 % by government. Only corporates and government benefit. 1 trillion black money in Indian economy.
Pai has all positive about past budget…. Now he changing his tune? Pai supported Demo and all the budget to get a job in central government …. He blames RBi but not a untrained FM
The salaried tax payers shouldn't be liable yo pay GST on the goods and services they buy. This basic fundamental is being missed by educated government officers. Shameless humans on earth.
If Mr Mohandas can so perfecting understand the economy and plight of the middle and upper middle classes , will both the FM and her ministers not understand ???!!! Why so much apathy to this obvious misery Is political compulsions more powerful than ethical ?
salaried income tax payers are very very low in india. just about 1%. Even though they are paying sky high income tax, govt wont support these if they lose the job. So, we demand the union govt. to stop looting this section until we get atleast 33% of the indian public become income tax payers. Its really colonial in thinking that govt. shall tax every in existence. If Modiji fail to eradicate salaried non rich income tax, We demand Congress party to come up with such promise. Its really non sense to see such thumb nails expecting tax relief, inflation, raise the tax bracket from 7 lakhs to 10 lakhs etc. these makes no sense for the middle class. Why only 10% of non rich has to pay double taxes income tax + GST)? Define what income is to be rich in india and start income tax from that point only. Additionally, any tax brackets shall be linked to the inflation not based on the discretion of the finance ministry. Public and media shall not beg the finance ministry.
I wish the Babus in government hear what he is saying. By giving projects only to Bihar and Andhra has dented the brand India. Modi need to realise, Adani and Ambani only cannot bring jobs. You need to be inclusive.
10 lakh zero tax and 25 lakh above 30% tax Deduction should be 3 lakhs to invest in fd, mf,if Allowance 50k on medical insurance Std Deduction 1.5 lakhs So.people earning 13 to 14 lakh should not pay taxes. GST Deduction on basic items.
This nirmala will find new ways to increase taxation She will not give telief for middle class. As usual tax terrorism. Modi is the archer. Nirmala is the arrow. Mudi mm means kedi
The cost of collecting is more than the tax they collect can some one drive common sense in to these fellows and get rid of income tax pls start taxing agriculture
😢Mohandas Pai is FIT to become FINANCE MINISTER .OF INDIA.LOT OF IMPROVEMENTS WILL. BE SEEN IN THE GOVERNMENT.WILL PARTY AGREE..FIRST OF ALL HE MUST RESIGN FROM BJP. TAX COLLECTIONS IS INCREASING.AND ITS HIGHEST.
Now these guys are speaking Few years ago they were praising 😂😂😂😂 Fake is fake Soon you would see they same cabinet ministers will speak against the govt 😂😂😂😂
He is the same person who congratulated modi govt in last intrrim budget saying 4/5 ststs.. pathetic .. that budget was purely for telangana nd bihar...
@sadanandgote5544 How many has he fed , every company has a HR head , how did he get the money to run the charity organization, it's riding the wave , it's what the nation has given him. What qualification he has to speak on the subject? For that matter even a local jain or community charity feeds more people , they don't go out giving speeches
@@harivenkateshv6151 please read Forbes India of 9th Jan 2015. In this magazine, Forbes India has hailed Mohandas Pai for Philanthropic work. Ask yourself what you have done.
India is growing but its people are drowning, particularly middle class.
Normally this only happens we will similarly end up like Japan middleclass
Agreed 👍
Relax, they had to cut down the deficit so there was no room to cut taxes until now and in fact realistically tax cuts prolly should be delayed till next year. We are paying the price for negative nominal GDP and massive increase in deficits in covid, in form of higher taxes today
@ankushmukherjee3219 We are paying taxes, to give loans to the rich, and if they fail, the loans will be written off.
@antonyjohnpeter549 Recovery process remains on for written off loans btw, duh. Indias main problem now I'd lack of job creation and wage growth, eveyhtjng else is quite good tbh.
Respect Pai Sir to be so so vocal 🙏
Stop tax terrorism on salaried class.
Blood suckers
Nothing will happen.There no job and no salary increase in private sectors.
There is no social security to honest tax payers...while poor ppl get freebies..honest tax payers get middle...Finger
There you have it. Whole system has gone slow. Rightly said.
It is good to see an ardent BJP supporter like Mohan Das Pai talking about the bad policies of the Govt
After acting like a andhabhakt, he is now a bit anti BJP. Perhaps he didnt get FM or some other expected/promised post.
Wonderfully said his heart... Wat a man...
We need people like him.
Fan of this guy for what he stands for
There should be no personal income tax for earnings upto ₹ 12 lakhs per annum.
Please give a thumps up, if you agree with me.
But not possible
Government gets most of its taxable income in this bracket by piling tax on tax
@srinivasrao369 You should ask the government, what it gives you in return.
govt shold tax people worshippig guys who are born to Vir^*ns
mubarak hoe aap kya FM kae saath consult kar kae ye statement dale hoe.
@@srinivasrao369 my prediction has been 💯 correct
The biggest ignorance is expecting something from this government 😂😂😂😂😂😂
Well said. I agree.
Why central government haven't shown concern on educational fee regulatory system
No interference in education system, all politicians having this education is source of most most profitable source…
👏 very good suggestions. Eminent people like Mr Pai should be taken into the Ministry and drive reforms
Salaried class is electorally irrelevant
If it’s democracy, there should be debates before Budget, not in closed room
Closed room blood suckers.
Vanakkam Amma 🇮🇳 🇮🇳 🇮🇳 🙏🙏🙏💯💯💯
The most clearest FM in India so far.
Thanks pai sir …for talking for mid class
Income upto 15 lakh should be tax free
Tax hi nahi hona chahiye..
Our finance minister should look for new ideas to increase tax collection and this is possible
Yes, instead of harassing the middle class, they shud get money from the top 5% uber rich of India.
@@nagamanit530or may be the rich farmers
@@nagamanit530 lol if uber rich are taxed then who will give "chanda" to party fund??
They should reduce babus
Why should FM do this? Rajya Sabha members not elected by people. By the people, for the people is on planning tables only.
Middle class can expect from Government:- Talk Big, Talk massive, Talk immense, Talk huge....Blah...Blah.....😉
Very sensible and pointing out ground reality
Children education fees must be put under a separate section for rebate... Its for every one
Nirmala Sitaraman needed to be shunted out from FM. Freebies needed to be stopped forthwith for all except Adivasis. Even a Labourer working earns 20000/- per month and then gets free ration, Electricity, Water etc with everything to take and nothin on stake to contribute for countries infrastructure. Modi needs to understand this. No Scholarships to SC/ST but to all weaker sections of society should be included. There are numerous changes required with Health and Education getting priority. Government Teachers needed to be made responsible for poor results in the Government Schools. A Binding on All Teachers and Government Staff for enrolling their children only in Government Schools. Infrastructure Spending on Creating And Maintaining Good Government Schools.
.
Mujhe sharam ata hai itna umeed se middle class paisa bachte hai or ye sarkar us paisa pe v nazar rkh rhi hai
Why must we pay income tax
Increase GST rates so that it will be consumption tax
People not buying cars, housing in slump, cinema theatres are empty
This man is really awesome. He understands what ministers don't.
4 5 years back, the budget was called as long term in nature, but after 5 years, there are no benefits. So what is the long term mean?
Out of Total budget only 20% should be on long term
20% short term upto 3 years
60% spend for the fiscal year
Our PM should consider Mr . Pai as FM of our country for remaining term .
Also make sure BJP each leader present what they achieved...why only Prime minister shielding them. Very well pointed that decisions and implementations are way too slow non-performing ministers should leave
Thanks Amman 🇮🇳
BJP would say: we do not care about middle class. they are not vote bank. they will be given lollypop again
yhi chillata raha, only to be called mullah, gaddar, etc etc
People like Mohandas Pai should be inducted in Govt. With real power in their hands. If we improve courts, litigation, GDP will significantly improve. In the present sysyem,Law breakers are incentivised merely die to delays in court cases.
Correct.
Modi shd listen to this speech 🎉thanks pai sir
Govt should give relief to middle class private sector employees from heavy tax deductions, for welfare of family and retiment life.
Tax like amrica and service like Pakistan
First let us reach 4 USD trillion economy which has become a nightmare as USD appreciated overnight
Can explain the connection between gdp growth and rs depreciation?
Don't think FM will make any changes in IT
Tax cut and rate cut needed. Right sir
This govt doesn't give a damn for the middle class . No matter how much u scream.. they will not change anything.. so don't keep any expectations.... On the contrary expect some extra tax in GST..
Not for 3or4 years but last 25 year's tell the truth always
We are paying indirect tax on everything so, therr should be no income tax on employees. We get no benofits from government, no freebies. When we lose job they don't provide unemployment benifits then why tax?
need a competent Finance minister who can understand economy. Modi Ji should consider appointing a good finance minister.
Everything is screwed up with very high taxes. Everywhere there is tax. With this budget the prices will remain to high. Nothing will change. I was checking for hotels for a family trip for 3 days, the taxes starts from 7000 to 14000. Government earns money without any pain. What kind of enjoyment should I have as a middle class.
We wish that our budget may provide enough jobs for our youth No of jobs provided may be a equal if not more than the job seekers
Yes. Govt already says fuelbprices can't come down. So if taxes also remain high, it will be hard on middle class. And time immemorial experts say that only 2% pay taxes. It can't be especially after system improvement,, implementation of "big data" analytics, etc. So how come more tax payers not getting added. Difficult to go with experts view.
To welcome new investers and also to encourage the existing investors/Traders, Governemt should reduce the Short Term Capital Gain Tax from the existing 20% to 5% considering the frequent crashes and the resultant loss of lakhs and lakhs of Rupees. Security Transaction Tax and GST has also to be removed to support Indian Stock Market Investors/Traders. This has to be proposed and passed in the UNION BUDGET IMMEDIATELY. Please take it up with the concerned authorities and implement the same very shortly.
Why only 2 pc of ppl should pay tax???? Others are having huge properties n cars n businesses, why r they not paying taxes????
It boggles my mind why this guy was not made the FM and that no good lady is
Who are servants to make financial policies in democracy ? ,We ( citizens in democracy ) must want a part of tax money, not only salary, pension, etc for public servants
How will govt balance deficit by tax cuts, capital gains can go up it's windfall gains.
Reduce gst drastically for one year as record collections, govt also gets rbi dividends, where does this money go?
Salary class stop buying things, live frugal life. Remove salary in cash from banks,buy small gold by cash. Dont buy cars, stop buying real estate,
Make government get less tax revenues
Any way Middle class has lost all the juice
Income tax paying individuals look like fools. They pay income tax and gst. Abolish income tax its stupidity to pay income tax and gst on every item bought using tax(income) paid money. If you couldn't abolish income tax then give input tax credit for the goods or services paid via income taxed money. If average gst is 18℅ then a 30℅ income paying individual willbpay around 48℅(30℅+18℅) as tax.this is like working 11 days out if 22 days to pay tax for the government. What government is providing security everything charged directly from us. Education cess, road tax water tax, property tax. Instead of Paying 50% of money a 30℅ tax paying individuals can from small groups and hire security personnels and by the way they generate employment and pay tax only for military personnel who secure the nation.
We need simple tax system, including easy tax filing system. Stop taxing savings account interst and FD interest. Scrap Capital gains tax on shares and MF's, STT can be suitably enhanced.
Make All(middle class) Great Again -- To pay more and more taxes ♾️
ARE YOU GUYS STUPID SENSELESS, 30% SHOULD KICK IN AT 50 Lakhs and above
We expect the relief but sadly it wont happen
Make him Finance minister
Anti middle class BJP government
What about less governance? Now with new pay commission, more salaries to inefficient and corrupt govt employees.
80c is limited to 1.5 lakhs... It is the main thing for any taxpayer... 80c limit should be at least 2.5 lakhs or it needs to split into further sections
this guy said same things before budget last year.. just after budget he was praising it, then after backlash on twitter started to criticize it.. it seems he derives his opinion from public sentiment
HOW THE ECONOMY HAS BEEN ALLOWED TO SLOW DOWN TO 6% AND WE SHOULD BE GOING FOR 9%
Middle and lower class people avoid and close MF immediately due to high tax and low. LTCG tax in MF is zero, then 10 % and 12.5% now. In future they will increase up to 30 % by government. Only corporates and government benefit. 1 trillion black money in Indian economy.
15-20 lakhs - 20% is a good call
Pai has all positive about past budget…. Now he changing his tune?
Pai supported Demo and all the budget to get a job in central government ….
He blames RBi but not a untrained FM
There should not be any tax up to 20 lakh
The salaried tax payers shouldn't be liable yo pay GST on the goods and services they buy. This basic fundamental is being missed by educated government officers. Shameless humans on earth.
buda dustin open hoga or tissue paper bata jaye ga for crying middle class
If Mr Mohandas can so perfecting understand the economy and plight of the middle and upper middle classes , will both the FM and her ministers not understand ???!!! Why so much apathy to this obvious misery Is political compulsions more powerful than ethical ?
I thought this news dog told....
Upto 15lak no tax 😂😂😂😂
salaried income tax payers are very very low in india. just about 1%. Even though they are paying sky high income tax, govt wont support these if they lose the job. So, we demand the union govt. to stop looting this section until we get atleast 33% of the indian public become income tax payers. Its really colonial in thinking that govt. shall tax every in existence. If Modiji fail to eradicate salaried non rich income tax, We demand Congress party to come up with such promise. Its really non sense to see such thumb nails expecting tax relief, inflation, raise the tax bracket from 7 lakhs to 10 lakhs etc. these makes no sense for the middle class. Why only 10% of non rich has to pay double taxes income tax + GST)? Define what income is to be rich in india and start income tax from that point only. Additionally, any tax brackets shall be linked to the inflation not based on the discretion of the finance ministry. Public and media shall not beg the finance ministry.
You can expect may be exemption of another 50000 and nothing more.
No more" special rate " on stcg and ltcg and online gaming all income is income and should be taxed at slab rates only
I wish the Babus in government hear what he is saying. By giving projects only to Bihar and Andhra has dented the brand India. Modi need to realise, Adani and Ambani only cannot bring jobs. You need to be inclusive.
10 lakh zero tax and 25 lakh above 30% tax
Deduction should be 3 lakhs to invest in fd, mf,if
Allowance 50k on medical insurance
Std Deduction 1.5 lakhs
So.people earning 13 to 14 lakh should not pay taxes.
GST Deduction on basic items.
Stop Typing!!!!
This nirmala will find new ways to increase taxation
She will not give telief for middle class. As usual tax terrorism. Modi is the archer. Nirmala is the arrow. Mudi mm means kedi
The cost of collecting is more than the tax they collect can some one drive common sense in to these fellows and get rid of income tax pls start taxing agriculture
Mohandas Pai don't know who he represents
Most of the times he talks for this Government
😢Mohandas Pai is FIT to become FINANCE MINISTER .OF INDIA.LOT OF IMPROVEMENTS WILL. BE SEEN IN THE GOVERNMENT.WILL PARTY AGREE..FIRST OF ALL HE MUST RESIGN FROM BJP. TAX COLLECTIONS IS INCREASING.AND ITS HIGHEST.
Possibly Middle finger for Middle class!
Budget 2025
No hope from hopeless Finance minister
Now these guys are speaking
Few years ago they were praising 😂😂😂😂
Fake is fake
Soon you would see they same cabinet ministers will speak against the govt 😂😂😂😂
He is the same person who congratulated modi govt in last intrrim budget saying 4/5 ststs.. pathetic .. that budget was purely for telangana nd bihar...
This deductions are not enought.
One of the worst FM
Max ₹3lakh cap bikh is more than sufficient for govt per income tax payer
All these can happen in infy... Forget in India😂
This guy is a BJP stooge. Someone seems to have put his foot on his paining nerve that he is speaking here. Doubt his actual feeling!
Normal Tai wont listen... To whom u r suggesting this dont expect any thing with this government.
Awesome why modi will released labour laws when his friends seats in opposite sides
Mohandas Pai an Oligarch.
She can not understand what Mr Pai speaks.Better Remove her, we have better people than her as aconomists
Mohan Das Pai gives biased views favoring government of the day which I feel is unreliable & need to be ignored (( taken with pinch of salt))
Dont expect any relief for middle class from this Gujju govt.
Make it simple
5% upto 5Lacs
10% upto 10 lacs
15 % upto 15 lacs
20% upto 20 lacs
25 % upto 25 lacs
30 % + surcharge above 25 lacs
First 5 lacs shoud be tax free.😊
False news don't believe this lady. We want new finance minister
Paisa khud kamao aur inko tax k naam pe de do...
Worst finance minister ever
What has pai done for the nation
He was HR man at Infosys and ay t present looks after Akshay Patra, midday meal for poor school children. What you have done for the nation?
@sadanandgote5544 How many has he fed , every company has a HR head , how did he get the money to run the charity organization, it's riding the wave , it's what the nation has given him. What qualification he has to speak on the subject? For that matter even a local jain or community charity feeds more people , they don't go out giving speeches
@@harivenkateshv6151 please read Forbes India of 9th Jan 2015. In this magazine, Forbes India has hailed Mohandas Pai for Philanthropic work. Ask yourself what you have done.
@@harivenkateshv6151 He has fed many. He is known for his philanthropic work.plz visit forbes India magazine jan 2015