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!
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?
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 freé scheme dependent people runs thier daily life on others tax paid money . The same people talks about nation , jobs,Opportunities, food, growth education.
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.
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
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.
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
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.
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
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 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
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.
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
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.
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😛😛
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 😅
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.
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
Who cares about the middle class who pays direct tax? We are only 1 to 2% of the population and we do not vote. We are busy paying EMI and securing our future. Don't think the opposition will come to your rescue.
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
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
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"
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%
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...
A Guy earns 20 lakhs salary per year. And pays 30 % tax ( approx ) He buys a car for 15 lakhs. - Now there is GST of 40% on this 15 lakhs Total tax paid is almost 10 lakhs just including this one expense. If you include gst from all expenses it will cross easily 12 lakhs. So we are not earning for our wellnees, we are earning more to pay the govt more 😂.
My wife is victim of this tax terrorism. There is demand of 54lakhs tax on some 8year old turnover. Now we have to close down 25 year business, unable to sustain 😢 Now I don't like this govt. Atleast they should see whether the person can pay this amount? All our savings are gone and what senior citizen can do? All good feeling about Modi vanished after this.
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.
One IMPORTANT point you miss: In Singapore there is far less cheating at all levels. The laws and tax slabs are simple and efficient. In India, each and everyone is cheating others. Whether tax related or ingredients in food, autorix or taxi - just about anything. Many Indian companies don't pay up after receiving services. That includes govt. I am saying this as someone who has lived and run business in both places
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.
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.
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
@fg3752 Waving corporate loan and Freebies both are wrong Only education and health care should be free.... In expectional case farm loans should be waved off Rest all services should be paid....
Sir India me Share market ek trap lagta hai hame Jo bhi profit and losses hote hai usme government, broker milke 60% kha jate hai. Ye log milkar aisa system design kiye hai jisme paise thumara mehnat tumhara time tumhara knowledge tumhara losses bhi tumara kintu fayde hamara.
Why our country is doing like this , it is like we have to pay tax endlessly without getting benefits out of it, then where is the growth of our country, if our country is running every year by increasing tax.
Highest earning 1% in India are brahmins and banias, like in UK, where 70% of land holdings belong to descendants of William the Conqueror. Both these countries are actually still occupied technically, though not overtly
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
Sir, Why you are comparing Singapore with the complexities of India? Singapore is probably lesser than two blocks in Chennai or any other major cities of India. How will Singapore treat black money people? Better than India?
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"
मैं AMS100K पारिस्थितिकी पर विश्वास रखता हूं। प्रगति में रोमांचक विकास हो रहा है।
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
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?
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
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
FET और AMS100K को साझा करने के लिए धन्यवाद 💯
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
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..
Well said Mr Sundar.....time for the common man to rise up against this injustice.
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?
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 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.
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.
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
Fortunately, no taxes are based on caste, religion.
Then they get less tax than now
Abolish income tax.. Only keep gst..
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.
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
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
a farmer having 800 acres in telangana gets raithu bandhu free current but each acre is valued at around 3 crores
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.
Problem is no return benefits on higher taxes in India as compared to other countries.
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
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
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 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
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
Paying tax not getting anything in return. That's the main problem
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.
Very correct PRS Sir... Taxterrorism
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
I totally agree as they have passed a orders against me by just falsely accusing me over paying wrong taxes.
In Singapore you cannot buy car if you want to , even if you have lots of money
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..
Tax terrorism is very well put,you expressed feelings of so many people
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 😂😂😂
Indian taxation is suffocating.
Perfect video !! All logics are honestly right & all points discussed here are our inner voice represented by you. Thanks for creating this video. ❤
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.
😅😅😅😅😅😅
Its because of Greedy politicians
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😛😛
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 😅
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.
Nothing will change in India, it may only increase the taxes further
We Middle Class pay Most Tax in India and Do not get Anything in Return Only Option Seen is Migrate to Another County
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.
Exactly 💯. Middle class people suffering lot.... Well said. Thanks 👏 👌
Every elections you hear rumors from BJP that income tax will be abolished etc.
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.
Who cares about the middle class who pays direct tax? We are only 1 to 2% of the population and we do not vote. We are busy paying EMI and securing our future. Don't think the opposition will come to your rescue.
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
Taxes are high because of freeloading community. Non direct tax payers should have no voting rights
Sir, govt. will ban you or cancel your passport.
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
Really pained by this illogical taxes and politicians becoming richer and richer by our hard earned money.
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"
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%
Everyone should stop paying tax as part of the protest.
Drunkards are the people who pay the highest tax in India 😢
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.
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...
Getting refund nowadays is not difficult. I am a CA and do not face any problem in getting clients refund.
A Guy earns 20 lakhs salary per year. And pays 30 % tax ( approx )
He buys a car for 15 lakhs.
- Now there is GST of 40% on this 15 lakhs
Total tax paid is almost 10 lakhs just including this one expense. If you include gst from all expenses it will cross easily 12 lakhs.
So we are not earning for our wellnees, we are earning more to pay the govt more 😂.
No vote for BJP today onwards
My wife is victim of this tax terrorism.
There is demand of 54lakhs tax on some 8year old turnover.
Now we have to close down 25 year business, unable to sustain 😢
Now I don't like this govt. Atleast they should see whether the person can pay this amount?
All our savings are gone and what senior citizen can do?
All good feeling about Modi vanished after this.
Indian Govt living on Taxes...
This is the best & only video from Mr. Sundar came across by me .
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
I too paid advance tax in March..but end up in loosing money in trading..
I will leave India in future dont want pay tax and not getting any benefits
One IMPORTANT point you miss: In Singapore there is far less cheating at all levels. The laws and tax slabs are simple and efficient. In India, each and everyone is cheating others. Whether tax related or ingredients in food, autorix or taxi - just about anything. Many Indian companies don't pay up after receiving services. That includes govt.
I am saying this as someone who has lived and run business in both places
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.
We need tax reforms asap..i wishPr sundar should be made finance minister.
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.
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
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.
BJP is the worst political party for middle class.
Freebies,Freebies and Freebies
The bill will be paid by taxpayers
And Seculars will vote for C0ngress😂😂😂
when so much tax is collected and corporates allowed to loan waivers nothing wrong in essential freebies
@fg3752
Waving corporate loan and Freebies both are wrong
Only education and health care should be free....
In expectional case farm loans should be waved off
Rest all services should be paid....
Nirmala Sitharaman has some inbuilt desire to inconvenience people
Agriculture should come under taxation with a cap.
Also House owners shoukd pay tax on the rent recieved from tenants without any waiver
Also talk about person taxation - 4/5 months a year we work for Income tax , 2 months for gst, employees middle class have it worst .
Direct tax is so much ..govt doesn't want people live happily. Inspite of paying tax ..we need to eat roadside food only
Sir India me Share market ek trap lagta hai hame Jo bhi profit and losses hote hai usme government, broker milke 60% kha jate hai.
Ye log milkar aisa system design kiye hai jisme paise thumara mehnat tumhara time tumhara knowledge tumhara losses bhi tumara kintu fayde hamara.
Why our country is doing like this , it is like we have to pay tax endlessly without getting benefits out of it, then where is the growth of our country, if our country is running every year by increasing tax.
Reservations & Govt Free Schemes causing high tax,Gst in india
It's not reservations. It's bank NPA because of mayya like people
Sad. BJP has the worst FM having a deaf ear to listen to the option traders.
BJP voters should have an option to pay more taxes than the rest.
All points are valid and government should do something...we are paying high taxes out of our blood amd sweat
Highest earning 1% in India are brahmins and banias, like in UK, where 70% of land holdings belong to descendants of William the Conqueror.
Both these countries are actually still occupied technically, though not overtly
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
India should abolish religion based grants and save money. rather than financing grants by charging heavy amount of tax on citizens.
Very true sir this is blatant tax terrorism
When people earning no one will look into tax - but no one earn in options
Sir,
Why you are comparing Singapore with the complexities of India? Singapore is probably lesser than two blocks in Chennai or any other major cities of India.
How will Singapore treat black money people? Better than India?