Here's How Salaried Employees Evade Income Tax and get Caught | CA Sahil Jain
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- เผยแพร่เมื่อ 5 ก.พ. 2025
- In this video, I've explained the entire modus operandi of how Employees accumulate black money and then get caught by the tax department. The intention is to communicate the reason why Salaried Employees also fall under the scrutiny and constant vigilance of the Income Tax Department.
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Some people seem to have this confusion that if employee received 70 Lacs after deduction of TDS, how is he donating 87 lacs? The answer is that you don’t have to donate from current year’s salary to get a deduction, you can donate from past savings too.
Our ancestors have lived their life with the "dekhi jayegi" principle. In today's times of faceless assessments when no "jugaad" works, tax evasion comes at a very high cost. I'd any day recommend earning less but peaceful white money than earning truckloads of black money with constant fear of being caught. Happy learning ❤️
That's True sir !!!
Black money rakhne ka bhi kya fayda , Jab ham us Paisa ka openly use na kar sake.
Total waste of time & our peace.
Sir ek ques tha.
Suppose mera dost ek political party khol hai or hum usko apna 1cr ka incom me she 70 lak donat kr dete hai to ab srf remaing 30 lak pe tax dena hoga. Or hum bad me ushi political party she 70 lakh ka loan lelete hai jiska repayment hoga 200 year bad @0.001 percent. Tb to humko koi tax nhi dena prega na. Or repayment 200 sal bad to hum mar he jaege 😆
@@ganesh-207 waa jai ho guruji kon deta h vai 200 sal ka loan
Is there any limit on contribution to political party by individual?? I read somewhere that they can contribute upto 10 % of there gross salary..pls clarify
@@vikkyshaw499 😂 hum usko donate krege paisha or fir whi amount humko loan k form me dede ga
at times, people attempt to evade tax because because they are not incentivized to do so.
lack of incentives to pay taxes simply fail to encourage people because they don't get their money's worth.
An honest citizen paying tax still has to bear the burden of extremely high healthcare costs, education costs, unsafe dangerous roads, unsatisfactory safety arrangements, high indirect taxes and so many more things.
Agreed
Agreed
agreed. Making taxation rules stricter is like fixing the effect rather than fixing the cause
Not in Delhi tho
Exactly
Excellent Analysis. The sad part is that the government is cheating it's citizens by taxation. We have one income and pay income tax. But later on the same income, post tax, we also pay multiple taxes on goods, petrol, etc. So imagine. One income but multiple taxes on the same income 😀
And at the end what we get is almost no facilities, no social security, and a police system which is totally corrupt.
You know why govt taxes us so much?
cause only 2% pays income tax @@greygrey9628
well, i agree to tax loot. but it not exactly a double taxation my friend.
There is tax on savings and fd as well which is tax terrorism in country like india
"Political party pe kyu dikkat nhi aayegi wo to aapko pata hi hoga" True words!
Also, Sahil I came across your channel recently and your content is amazing, superb learning, and entertaining as well. Subscribed to your channel.
Kyuki gangadhar hi saktimaan hai 😂😂
Too Good! Lovely! I still strongly feel Personal Taxation and Financial Literacy should be taught at the school level the same way subjects like History, Civics, etc. are taught. Teaching topics like these will raise so much awareness and interest.
Very true..agree with u.. But sadly other subjects which are seldom of use are taught..😔
Honestly, after watching this video, if I was the one earning 1 crore and had to pay 30 lakh in tax, I would think this through a 1000 times! 30 lakhs is a big amount of tax!! And when you see the poor conditions of Indian roads and other stuff even though people pay these high amounts of taxes makes the offer pretty repulsive.
I really like your way of presenting a relatively dry subject in such a entertaining way. I work as a Treasury Officer and I come across so many ridiculously outlandish exemption claims at the time of TDS.
Anyways, I am not an expert but what I feel is the whole idea of tax evasion germinates from the high tax rate and narrow tax base. Instead of high tax rate, the government should preferably try to expand the tax base at moderate tax rate. That will encourage more people voluntarily without the whole drama of cat and mouse. Just a thought.
The concept of wider tax base is more applicable towards Indirect Taxes, which cover almost every transaction in every sphere of life. Income Tax is a tax which is necessarily levied on the wealthy to prevent large accumulation of wealth because the propensity of a person with higher income to spend his income in consumption is much lower compared to a person with lower income.
Essentially if this wealth is accumulated in the hands of a wealthy person it stops circulating in the economy, unless they themselves reinvest it (which is the concept of CSR). The model of governance in economic terms would be successful if the governement is able to ensure that there is very little money tied up in non productive savings and maximum money is being re-invested or consumed in the market. Direct Tax is being levied primarily so that they can tax that money and then through Government expenditure bring it back to the economy.
@@kgarodiya You are mistaking wealth tax for income tax.
@@RahulSarode Wealth Tax is a way to bring already accumulated wealth back into circulation, whereas Income Tax is a way for the prevention of that accumulation in the first place by taxing the income as it arose before it becomes wealth.
Also, India removed the Wealth Tax as replaced it with Surcharge - so Income Tax in our country operates on very similar principles anyways to a wealth tax.
Sahi bole GURU...!! But isse Sarkar chalane wali PARTY nuksaan hai... So kabhi nai hoga..!!
What about double taxation, we are already paying taxes in the form of (CGST+SGST above 9% each) on buying products
Its simple.. As soon as sir uploads video, i know am going to learn something new and exciting today!
Same bro
Salaried employees pays the most Income tax when we see the percentage of people paying taxes. Business classes evade the most taxes for eg a business person can claim dedn without any upload of proof . But a salaried person has to show proof to employer
But, they pay corporate tax.
Yes that's why common man edaves least taxes but when they do they get caught pretty easily. Usually it's not like department cares for 50L black money but when they do they don't leave one drop of blood in you
Because businessman takes risk, invest their capital and generate employment so that people can get job and salary. Also income of businessman is not fixed whereas salary person income is fixed. So balance the overall situation they get some benefits.
@@zaheer6541 this is the most lame explanation anyone can hear .more risk means capital invest so they get more benefits 🤣
@@zaheer6541 you have a good point
वाह जैन साहब
आपने तो कितने सुन्दर तरीके से आसान भाषा मे समझा दिया आपकी मधुर आवाज का कहना ही क्या इतनी सुन्दर जानकारी के लिए बहुत बहुत धन्यवाद..
This says more about one's financial privacy, in the eyes of the government than about people with wrong intentions.
It was a regular practice in Bhusha n Power and Steel STEEL which is currently JSW BPSL. They used to credit 50% salary in account and rest in cash to avoid tax
This kind of knowledge should be given to everyone in their schools and colleges
Winston Churchill was really a genius, he told in 1945 that “ a day will come when water & Air will be taxed in India”
The same is happening the salary class work very hard and their hard earned money is taken away as Direct tax and as indirect tax. Nothing left for old age
@Sage😎 been to uae, Oman, Qatar, malta or any country in gcc for that matter...they don't need much taxes....all it takes is proper accountablity of revenue, then the country shall be gold
@Sage😎 yea don't worry we are heading to 1949 figures very soon.
@Sage😎 yea but doesn't change my point towards accountability, considering its us Indians who built dubai and govt has revenues. and fyi india pays taxes equivalent to usa for direct taxes and Singapore for indirect taxes...all this and they still don't have funding, means yea india is screwed literally, prepare for govt being rich and economy being poor. So yea whole argument is moot
@@arunkurian9367 agreed, and we'll said Arun.
@@toufeeqahmed4306 lol np...he high on Modi sarkar over there.
Sir, ABG Shipyard ke Ghotale per video banayi ye.. 🙏
Yes i am also waiting
Yes, sir
Ghotale matlab scam 👍
Yes sir make
Please make a video as said.
Sahil, very good presentation, I just loved the way added humour to any extremely serious issue, without compromising on the essence and outcome 🙂
Wow!! I have never seen this of example till date... Income tax subject is a big rocket science even today for most of Indians.
Superb clarity hai bhai. Perfectly explained. Lots of respect for you.
Thanks.
So the take away is, don't donate that big amount, donate only to the extent you are able to manage, like about 10%-20% of your total salary which appears to be genuine.
I never suggest this to anyone but people are doing it by learning by themselves.
Which political party is ready to do this ? How to contact them ?
@@JamesRodriguez10783 bhai pata lage to meko bhi bta dena😂
@@mradulgupta9626 fir mujhe bhi btadena
@@JamesRodriguez10783 Any local party will do it :) or find local MLA
I am engineering student and want to become a businessman . I learn lot of things from you sir ,found your channel randomly but now loving it .
same
Same video par same comments.. sab Engineering me hai.. aur sab business man banna chahte hai.. sab randomly aaye aur sab hook ho gaye
Yehi to scam hai ! :)
All the best brother, don't get demoralise by anyone, you are the best , and you can!
@@zerotoinfinite2006 😂 😂 Exactly
@@zerotoinfinite2006 using bots for comments to increase outreach
Thank you so much sir I am in class 10th want to be a CA and I just love your content watching from 2 years. All tax evasion are awesome. I will for sure take classes from you.❤❤
Tax evasion is not awesome bro.😂😂 Sir's way of explaining is awesome.
Keep this 🔥till you add Prefix CA to your name
@@hoppingman7445 thank you so much bro
@@shadowghoul9036 firs stop watching naruto
@@Khurshid.007 bhai dekh ke chod chuka hoon
The best channel i have ever found till this date , the best thing happened to me ❤
Very nice explanation, I am class 11th student, aspiring CA. Very interesting videos from you.
Fantastic explanation sir...aisi aur videos laate raho sir. A big thumbs Up🔥
I really admire your content with so much clarity. Half of the influencers make videos with half clarity or do copy paste from some other., but you are so different. Can you give more clarity on recognized and unrecognized political party and how to identify it. Thanks in advance.
Just randomly stumbled upon this gem of a video. Really liked the explanation. Keep up the good work, cheers!
With addition of few more precautions this could be fullproof technique
Such an Insightful lessons Sahil Sir...I'm loving this series!
Awesome video and explanations.. loved it. One thing I noted.... income 1 CR and TDS was 30L, how come client payed 87L as donation, he might have received just 70L as compensation.
He can anyway use the money that he would have saved through the years. It is not that he starts every year with Rs 0 :)
Bhaiiiii genius..... ❤️❤️❤️Itna asaani se samajh a lia ❤️❤️❤️ love it
Me watching this entire video though my income is zero😂😂
Same here bhai 😂😂😂
😀😀😀
Good
Hope
Same here.
@Mad Chad sabka time ayega :P
Your method of teaching is very awesome sir 🙏🏻❤
Amazing Insights with a pinch of Humour.. Must say I really enjoyed the video 👌
Found a channel that I can stick to follow increment of knowledge after a long time
What a case study sir really it helps a lot 🔥
Hi, can you please make a few videos for salaried middle class on legal / ethical tax planning including using HUFs, etc.
Also on how small businesses and professionals can take advantage of government schemes like the GST Composition scheme, Sec 44AD / ADA to save tax.
Thank you!
Watch this to understand Presumptive Taxation Scheme
th-cam.com/video/8q8aNUJZ9ck/w-d-xo.html
sir's last line "kismat bahut achi rhi toh raid bhi pd skti hai" and I burst into laughter! 😂😂
बिल्कुल ऐसे ही वीडियो बनाइये ताकि साइंस और आर्ट्स के लोग भी ये सब समझ सके
2nd method can work for employees who earns 10-20 Lacs and they can spent money on untraceable expenses (Where they don't need to quote PAN. But yes department could catch them by any other way.
This channel is real gem for which tells practical life case studies
84 Laks can be made white just show it has agricultural income..for That just lease 29 acres of land ( bogas agreement) agricultural income is excepted from taxation.that's what I do
Interesting!!
If you have any other income also like salary and agriculture then your agricultural income also becomes taxable income
Not only your way of explaining but your mic quality is also good, love from 🇬🇧
Subscribed
very good quality content Sahil keep it up thanks for sharing the knowledge being a science student these videos help a lot to understand this kind of concept
What if we buy gold bricks unofficially for more price or exchange in dollars. And store them in locker? Suggesting it's ancestral property. Income tax cannot open personal lockers? Can they? And locker can be on his minor sons name.
Thanks sir this is very valuable and important in information for students and also for normal people ❤️❤️
I really like this video, very beautiful explanation and soothing voice, great editing skills
Practical learning ❤️
Thank You Sir 🙏
Nicely explained.. pace of speaking and explaining is too good.. Thanks.
Under sec 80GG i think only 10% of your gross salary can be given as donation
Great to see videos like this ...
Too much knowledgable video sir 🙇♂️
Sir, I have one question related to tax. Since I have just started earning I am facing this big scam of government
Whenever I get my salary, a flat percentage of TDs and tax is cut on that. Now I got my finally after paying tax to govt. So ideally my remaining money should be spent by me without any tax, right!
But whenever I eat or bought anything, I again have to pay tax in form of gst, which is like a double tax on my salary.
So don't you think it's like a govt playing double tax game on salaried person or am I missing some point.
Please let me know ur point of view
Hi prateeek
I AM A CA FINALIST, THERE ARE TWO TYPE OF TAXES , DIRECT TAX AND INDIRECT TAX , THE MONEY YOU EARNED AND GIVE TAXES TO GOVERNMENT IS TAX ON INCOME THAT IS INCOME TAX AND GST IS A CONSUMPTION BASED TAX , HOPE U GOT IT
You are exactly right. Salaried persons are the biggest victims of this scam called 'taxation' by the government thugs.
I understand your point....The double taxation part hits hard for the salaried.
One proposal can be that for goverment link that income to some sort of identification ( i.e pan) and whenever the person purchases some big ticket item then certain amount of tax can be rebated ( from the tax is already paid by showing pan)
Current Problem is that the government has no incentive to do so unless the people protest, and the salaried class rarely has time to protest
Vote for good political party...in an interview kejriwal was asked why is he giving everything free even to people who don't pay tax...he said everyone pays tax even poor people pay tax..my point is even our media is very corrupt now a days they won't ask politician about how govt spent money on contacts and roads etc etc...but if someone is using our tax money for common people they will call the public muftkhor 🤣
@@swapnilpakolu4395 they are the only get money directly credited to account. ..hence the difference
What if the person purchases property using black money? Property guidance value will always be lower than the actual value
Great content sir .. ❤️
Would like to request you to make a video on Investment in PPF v/s Investment in Mutual Fund ,, taking into consideration the same investment amount and same time period of 15 years .... ❤️
What all are the tax implications , tax saving while choosing one over the other ...
Eagerly waiting for this video ❤️
Sir you explained everything in best possible way.
Sir your videos are very informative and nice. But sometimes just a bit lengthy. This one (10-12 mins) is perfect. Looking forward for your next video.
I know this concept from long back but isme problem ye hai...ki apko salary monthly milti hai na ki ek sath so as per 70Lakh package monthly salary 5.83 Lakh k near by ayega...aur agr 84 lakh ka donation dena hai to wo save bhi to krna padega phele...thats is not possible....kyu agr tm n 5L per month bhi save krna start kiya to bhi 60Lakh hi jayega....aur dination bhi apko 1 april s 31st march l beech hi krna hoga....agr ap refund k paise pr depand rahoge to bhi wo assesment year m milta hai na ki financial year m...yes there is some donations org which gives u 100% of ur amount as deduction and some gives 50% like PM relief fund yahn pr apko 100% deduction milta hai....there is list available on google u can check...thats my point of view
Sahil Jain Sir in Morning : Haanji Good Evening. 😂
Recording raat ko hoti hai maalik 😆
Hum nahi sudhrenge😂
😂😂😂
@@TaxationWithCASahilJainca sahab please make a detailed video on 44ada. there's too much confusion.
Can you share a video on saving Tax for 60-70L CTC income and avoid 18-20L tax. Looks like only 80c, PPF/VPF only options else 80gg and 80d. What else is good option to save. CLV doesn’t feel a saving hence please see if you have some good tips.
Great explanation sir. The essence of majority of your videos emphasise that we should use our intelligence in earning money and not trying to cheat. Great you are following the principles of Jains.
Sir ap mast samjhate ho. Educational video dekhne me v maza aa jata hai.
So you have explained how to save your tax illegally. Although we all know the consequences we all try to find ways to save more and more taxes. Loved your trick 😂😜
Thank you, my friend 💗
Amazingly elaborated .......
Electrol Bond has made life more easy for tax evasion as donor name is not revealed. Thanks to most honest party of today
My friends did that, n now getting notice, 😊I have been advised to do that, but my CA friends who advised me not to do that, because they were my friends, 😊at night I sleep without tension n I sleep 8 hours /day😊😊
Sir sometimes i imagine you as ajay devgan in raid movie 😆😆
But seriously sir you always provide lots of knowledge with practical examples ☺️☺️
Good way of explaining and great information 👍👍
Then why is there NO LIMIT on the amount of donation a person can do? Seems like even the government/politicians are in favour of this cycle.
bhai unka black white ho rha..toh woh band kyu krenge..
Omg awesome 😎 great learning
If the income is only 1 cr.. how can employee save 112 crore ( 84+28).. some calculation is wrong
No 84 lakh then 13 lakh - 2 lakh = 95 lakh
bhai toh vo 84lakh cash ko real estate deal mai bhi toh daal sakta hai !and on paper kam amount ki property ko koi bhi department question nahi kar sakta as long as vo circle rate se upar ho
Many salaried employees donate under 80GGC to save some tax, but you can't show donation more than 10% of your gross salary. Example given is not entirely correct.
Exactly!! Even I was wondering the same, sahil sir could you please clarify?
@@Yuviagarwal same doubt
You are taking about section 80G in which 10% of GTI is the limit.
For 80GGC there is no limit as such.
Such clear communication skills. Good video
Why should we pay taxes, just to watch politicians enjoying on our hard risk earned money.
And at the end what we (after paying 40% taxes) get is almost no facilities, no social security, and a police system which is totally corrupt.
still dont understand why we have to pay income tax for hard earned salary. like whats the point for aiming high salary when 30% goes into governments pocket. then gst and every thing is already there to increase 20% of anything we buy.
Sir, wouldn't the dept get suspicious by the fact that the person is donating majority of their income to political parties because it is declared right? Will that itself not raise a red flag in the dept.
Correct. It’s a clear red flag. I just illustrated that as an example.
It can raise a red flag but they can only raise q question can't do anything anyday my money I have donated or burnt not govt. Prob cuz u have paid white money to them. ..
@Lokesh Jain that's what I am saying they can just ask or keep a watch ..but can't hold uh in contempt
He, wont do it to a single political party. He will give donations to charitable trusts as well.
@@arpansaha8323 doesn’t matter how many parties he has diversified his donations into. Logically speaking if a person is donating majority of their income, question will arise as to how they are financing rest of their daily expenses. One needs to spend for housing, food, utilities, lifestyle expenses so what will be the source of income in such scenarios.
12:57
Best part and love with your smile ❤️
But deductions under Sec 80GGC for donation to political parties is capped at a max of 10% of gross income.
How is it that this salaried employee is able to donate 87lacs out of 100lacs income?
80ggc main 100% hi deduction hai sahi se dekho
Aur 1crore ki income main 70lac hi mila hai usko kyunki 30%tds kat gaya hai aur 87lac ka donation 57 lac current income aur 30 usne previous income se diya hai
Aur 13 lac current taxable income bataya hai
84lac return hone par uske income 84-30 =54 current year ki hogi kyunki 30 uske previous ka hoga aur
28 lac tds se return hoga aur 13lac jo white money hai usme se
Aur jo 2 lac tax bataya hai sir woh computation hai tax to pehli tds ke through kat chuka hai
Uske pass ki saving 54 donation return +28 tds return +13 white money = 95 lac hua
2 lac tax ke aur 3(87-84) lac actual party ko donation de ke kate
Toh actual tax 2 lac hi hua
BHai ..Amazing...!!!!! seriously..
3:40 but bro what if the employee spent that 2 lakh in generally without making it notice to government and keep 5 lakh in bank for use
What if then????
Thanks Sahil Ji.
Liked your style !
Quality content as always! Thanks for some eye opening Insights sir 🙏. It would be really helpful if you can make a video on crytpo taxation as many youtubers are saying different things and sometimes contradictory things.
Good job. 💯
Sir stoke market ke income pe kis traha se tax cut ta hai with ( F&O).
Aur tax manage karne ka tarika ?
Sir Make a video pleace.
Thanks for making this video. Really enjoyed the two insights. Can you please make a video or share a link of how Max tax saving can be achieved for someone with annual salary above 30 lakhs?
Itna paisa to Maine Kabhi Dekha bhi Nahi hai
@@Ritam_gg skill up and get the job, you would see in your compensation letter
Always consult a CA paying him a fee of 5000 is better.
Quite confident and smart.
What about Govt. Employees? There are 90% govt employees who get bulks of black money.
Usually they spend that money not on their name. If they purchase land / Flat; show it purchased on the name of wife, parents, children.
If they purchase a vehicle, they do so on the name of their relative. They are happy (because maintaining cash in home is their prime headache) to help their friends or relatives in cash when in their time of need.
RTI mei political party ke donations ke related pata nahi chalta kya?Aur electoral bonds connected hai kya iss situation mei?
I don't think income tax department is doing any work only 1-2% Indian pays income tax
Which contributes 28% tax collection
That's not fair 1-2%
I think they should also stop paying tax.
I wish I could
Salaried employee hone ka nuksan
To bhai train to chalayega fir
@@wewe-fx6un u have chosen to not take risk by salary
Businessman take risk and hence can afford to evade taxes
@@ucantcme2299 business wale paise ka risk lete hai. Hum log apna life dedicate kar dete hai for menial salary
Enjoyed your explanation
Hi Sahil,
I would like to know about taxation on sign-on bonus/joining bonus.
The company has paid 5 lakh sign-on bonus and look-in period for that is 2 years. What are the tax implications if I leave that organization in 2nd year. I received 5 lakh in 1st year while joining the company. Can you please help to understand the taxation in this case? Many people are having this issue but no solid info anywhere. Please help.
Hi Jayesh,
As per my understanding, that amount is taxable from day 1.And lock in period is for you, to not leave company before 2 years. If you leave, you have to pay joining bonus back to company.
btw is it a MAANG org paying so much as joining bonus?
और किस्मत बहोत ही अच्छी निकली तो रेड भी पढ़ सकती है😁😁😁😁😁😁 ये बढ़िया था गुरु
Bhai, As per 80GGC max 10% of GTI is allowed
Yes
Exactly, totally wrong example he is taking. Don't understand what's the use of telling incorrect things on TH-cam.
Great learning... From Every video....🙌😊
I don't even want to pay any tax to govt even though I don't earn high.
But I would take that risk.
Govt is tracking this too 😂😂
@@dakshtaneja9189 😂😂
Pandora papers : rich get richer 😜 not just govt anyone can read our comments
10k mea kya tax dega
bhai, har saal nahi, lekin 10 me se 1 saal toh ye kaam kiya hi ja sakta hai. Its easy to burn cash on marriage events. Dowry, marriage gifts, jewellery, cattering, guest, logistics, ye sab me 50L tk araam se consume ho jayega.
Sir in this case I am in doubt, if employee accept 70 lac. After deduction of tds 30%, then how he can give 87 lac. To political party ?? And after that he accept 84 from party and refund from govt. 28 lac then total he got 1.08 lac
Again I am in doubt plz help...
Arey bhai Jyadha nahi de sakta kya, uske pass aur paise bhi honge.
87 jeb se dega
Second question is valid though
@Pavan No 😂
17 lakhs is other income
any benefit of marriage/marriage expenses while filing ITR?
do we declare cash and other gifts in ITR?
Crypto and Stock crashed, the best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
@John Campbell Can you link me up with your broker? And how good is your broker?
@John Campbell I'm so glad, thank you so much! I'm gonna get in touch with him right away.
Frank Henry has been the source of my income since this economic recession started and even now
For expert advise
Connect him on G mail
jsut a layman question- the ca/cs who advised this to the employee can be penalized or in any way made to be accountable?
very good insightful video. Just one correction i felt that needs to be there in your example. In your example, if the employee had income of 1cr and the company had deducted the TDS of 30%, then the employee would have received only 70 Lacs in hand, out of which he will make some donation. How can this donation be 80 Lacs then if the income received in hand was 70 Lacs? 🙂
He will take loan for remaining amount and donate to political party 😂
a company deducts tax based on your investment proposed at start of year. In jan feb of every year it asks for proof of your proposed investments. If you don't give proofs then they can deduct total tax as applicable but if you show the receipt of donation as in this case , then they will deduct tax only on the remaining 13 lakhs.
Also the taxation is based on slabs, so 30% is on taxable income above 10L
Wooooo...i never expected that a employee can do this too...🙄🙄🙄🙄
Great knowledge and information 👌