Can anyone tell a single benifit we get in India after paying 30% tax ??

likehelpfulfunny
Posting as :
works at
You are currently posting as works at

@ Infosys 1, decreasing direct tax will force the govt. to increase the indirect tax (GSTs etc.) to compensate for the losses generated by the other.
As a result, poor people will find it more difficult to purchase goods.
Follow up consequences will include, inflation, financial inequality and currency value degradation.
Both pillars are required for overall economical well being of a developing country like India. Specially when you have multiple mini/micro economies running inside.

smart

So many benefits but not for us it's for govt

like

Although Income tax contributes only 14% total government income, We get to claim that that whole India runs because We pay income tax. That's the largest boasting factor we have after 30% of tax.

Reality is that income tax collection is not even enough to pay interest for the loans which India has taken.

Direct and indirect tax dete hein log, and we should give but direct tax should be less

In US UK Nordics and Europe schools are free till 12th and of best quality.
Except for the US all these countries have free medical, best Infrastructure, unemployment benifit and so much more.
Here in India even after paying income tax , we pay GST, Road tax ,Toll tax ,House tax and N number of other taxes.
Even after paying high taxes people need to go to private schools.
Infrastructure is bad and government hospitals except for 10-15 are nightmarish
This is a never ending pure exploitation which honest tax payers are cursed with in India.

We’re also paying for the future. We didn’t have good roads 15 years ago in small towns. Now we do have them almost everywhere. Electricity is there for everyone. I remember living first 8 years of my life without electricity. So you’re also investing in bringing the entire country forward

Nope, roads are built by Pvt companies charging toll tax and onside cities by Road tax.

like

There are only two things which are certain in life, death and taxes.

And taxes aren't certain if you want to die in jail. That is what my mom always said haha.

Hypothetical question

Individual you get Zero benifits for paying tax. But our tax money is blown for Appeasement of others with subsidy etc..

true

Related Posts

What happens to your shares if you are partially, or not even 1 yr vested at a pre-IPO company and the company goes public? When you continue on your vesting schedule, what price do you purchase your vested shares at?

like

anyone gonna buy any calls before market close?

like

What is the best-kept secret among realtors?

like

How can I lower my taxes? I feel like I pay a LOT (30%+) but don’t get many benefits in return.
Single with no kids

like
like

Recommendation for a tax person to help with complicated taxes - husband and I lived in NJ for part of 2021, he worked remotely for an nyc and then Long Island co., I worked in NJ and for a MA firm. We also both took parental leave and taxes weren’t taken out of some of that pay. Also, need child credit for said child who the IRS doesn’t know about yet.
Help!

like

My partner and I are in the process of buying a PHEV that qualifies for the full non-refundable federal tax credit. We will both owe taxes in excess of the current $7,500 cap (will see if that increases with the new budget bill). If we both own the car (i.e. both names on the title), how do we manage filing for the tax credit when filing separately? Do we just pick one of us to file? Is there guidance on splitting the credit across owners? Does it matter what order our names are on the title?

like

Rate my portfolio.
45% VTI
30% QQQ
5% GBTC
Leaves me with 20% left to invest what should I invest in. I am young and can be risky.

likefunny

General Question I started tuition reimbursement last year in August. I since have an interview with another job that is paying a lot more. You know how you apply to something not really thinking that job would call back? Should I get an offer, what do I do about tuition Reimbursement? Do they send a check and tell me to pay it? Do they take it out of my 401k? I know a lot of people will say I never shouldve applied but I didn't think too much about actually get a call back when I applied.

like

What budget app should I get? I’m happy to pay a monthly or annual subscription. I’ve been recommended YNAB (You Need a Budget) but I’m not sure if there are better ones out there.

TIA!

like

Does anyone use the fidelity app? How can you change it out of dark mode? I can’t figure it out for the life of me.

like

Have you received the salary today? Got the mail now but no credit yet in account 😕

like

Someone talk me out of buying the C8 Corvette 😭 I make >$200k and am early twenties FWIW

like

Hi! I’m finally closing my HSBC accounts (terrible customer experience and bad app). Just signed up with Chase for my checking. What would people recommend for a general savings account (for my rainy day fund to sit)? After 401k contributions I just put everything into Betterment. Is this a good plan? Recommendations/ advice appreciated.

like

Looking for advice for investing in these two options. Say I have $100k by October saved up
1) Put 10k into iBonds and $90k as downpyament and closing costs for a property (I’ll need to put in 20%, already talked to several mortgage agents)
2) Put $0 in ibonds and put all the $100k in the home investing (given it’s a little more of an expensive property, given some other factors - location, size, etc)

like

Have some big trips planned for next year so I would like to upgrade my Delta gold AMEX to Platinum (need that MQD waiver 💸). I heard that if I upgrade I won’t get the 50k sign-up bonus miles, so should I just close my gold card (not my oldest card) and open a new Platinum one?

like

As a US resident, (how) can you buy stocks on international exchanges (like Hong Kong, Bombay)?

like

Has anyone tried to sell miles or points through one a site. I have a family member looking to do it and I had never looked into. Any experiences? Pros cons

like

Feeling cash strapped - Just bought a home and feeling cash strapped. Thinking about stopping 401k contributions for a year or so to get more cash. My firm matches 25% up to 6% of my contribution, so I will also lose this. Thoughts???

Anybody know what's up with QS?
Good to buy the dip? They down 40%

like

More Posts

Larsen & Toubro Infotech How is cuelogic Bu in Larsen & Toubro Infotech in terms of learning and wlb ..my last date is nearing please reply

like

I’ve been interviewing at Slalom Consulting (S2 group) for a Consultant role. Waiting to hear back after my 4th interview now. What should comp range be for a mid to high cost of living area? Thanks!

like

Can anyone here tell what all do we receive from CitiusTech in joining and welcome kit?
I have received laptop and a tshirt.
Is there anything else that we receive?

like

I’m an Environmental Protection Specialist and make pretty good money for what I do. I just feel like I have more to offer than being a worker bee in a system at 25. I work with a lot of retirees and would love to return in my latter professional years. I have my Bachelors in Applied Coastal Environmental Science and want to expand my options. Any suggestions that won’t require me taking a crazy pay cut? I’m pretty much open to anything.

like

Do accountants usually do Black Friday shopping, or we just be up buying what we want, whenever we want...

like

Anyone else have family know you are struggling to conceive and then when their kids act out they turn to you and say, “you sure you want kids?” I guess they are trying to lighten things but I find it really hurtful.

like

Recently received Star&r award. It's my first time getting it and I know that I can choose a voucher. How can I utilize it best? Need suggestions.

like

What's the best way to stay productive throughout the day? I often hit an afternoon slump

like

Does anyone have any thoughts on the University Club? Pros/Cons

like

How hard is everyone pushing their corporate clients to authorize nonresident assignees whose only 2020 US compensation was the value of their 2019 tax preparation?
My clients are pushing back on it this year, and I can't say I blame them. If I were in their shoes, I'd rather take the risk of not filing than the expense of filing again. From my own point of view, I don't really want to spend my time on such returns, either, even if the revenue and easy return are nice.

Recommendation need for first Rolex - love to have GMT, Day & Date, Tachometer and which will hold value in long term. Budget 10K - 16K.

like

Indochino for suits? What are the best options for slim fitting suits under ~$800 each

like

What is the value in professional certifications? ACCA, CFA, CIPD, etc.

like

So, I work in an agency, but recently someone reached out to me for freelance writing work. I guess it'll be long form ad copy, as they're asking me for a rate per word...
I have no idea what's standard here

likehelpful

Any producers have any apps or programs they recommend that helps with the job? Beginning of the year and I always look into new tech or programs before I am too busy with jobs😎

like

I've an offer form dell project in ey .
I've tomorrow morning time to decide and tell the hr if I'm joining ey.
Someone plz tell how is this project. Is it worth joining.
I've other offers too. Like Harman.

I know the week just started but

Post Photo
likefunny

Are there any agencies that are willing to pay for relocation? Looking to make a move out to WC. I know this is more likely for VP+ so I’m curious which agencies have the flattest PnL

Additional Posts in Tech India

Anyone watched the Man City rout of Leeds yesterday night?! Guardiola is going crazy!!!

Penchooo Weekend hai...fax fux karo...timesheet faad do

Post Photo
likefunny

How many fishes here who have got more than 500% hike while switching?

like

Hi all,
I need 11 likes to use the Dm features

Please like this post.

likehelpful

What are potential career options considering the Current market scenario for Business Analyst/Product Owner with 5yrs of exp(2.5 post MBA) ?

It will be helpful if you can mention what will be the primary skill for that role whichever you are suggesting
Working in Mindtree (CPG Domain)

What is notice period in probation in Wipro? I cannot find this in offer letter. Is there no probation and 3 months for everyone?

like

Hi, i have been selected as Senior Security Analyst in VMware. Wanted to know how is work environment in VMware banglore? Also my current ctc is 12.8 with 9Yoe. How much should I pitch for?

like

What advice will you give to yourself when you were a newbie in the professional life? Give the context too.
I’ll go first- I’ll tell myself to not overshare, especially to the manager. People will generally make an image of you and judge you on basis of that even if you have changed a lot.

On a lighter note ! 😝

Post Photo
like

Anyone joined NatWest recently..?

like

S&P Global Helloo fishes.. What exactly is the role Senior Data Quality Researcher at S&P Global..?? What is the average salary bracket and what are the future growth opportunities..? Thanks in advance.. S&P Global S&P Amazon IBM Mindtree

Ever felt this??

Post Photo
like

Are marreid people more happy to WFH?

like

How to be a data scientist and is there any good certification courses? I am a android developer with java and dart , also has knowledge on javascript. So will it be easy for me to adapt to new technology? Please share your valuable thoughts.

like

I am having the below offer right now :
1.
Luxoft : Senior Software Developer, 21 LPA
2. KPMG Global : Assistant Manager, 21.5 LPA
3. Hashout Technologies : SDE-2, 22 LPA
4. TruKKer: Tech Lead , 19 LPA + 5 ESOP

YOE : 6.9 Years.

Which one should i be joining considering my priority is Tech & Onsite opportunity.

like

What is the Onsite opportunity in Wolters Kluwer ??

like

Which to choose sse frontend in Rubrik or Zeta? Or should i switch from adobe sde3 role. Next promotion only after 2 yearsAdobe Zeta suite Rubrik

like

Do you really work 8 hours a day?

likefunny

When can we expect results of Uber online assessment test for business analyst and what are the next steps? What package can we expect

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal