Exactly - same with toll. I will happily pay toll for access controlled & well maintained expressways etc. But on any trip most of the toll goes towards state highways & local town bypass roads that are extremely accident prone due to peds/cattle/2W/tractors & rickshaw, not maintained properly & poorly lit & should anyway come from the states budget. They are charging roadtax on every single vehicle - where are they using it if we are paying tolls for every damn road.
No you don't get it. The govt is taking huge loans and sending extensively. The increase the taxes to keep repeating the loans because the revenue generation is not happening enough
TBH, automobile manufacturers should advertise the car price before tax. When the customer goes to buy the car they will get the shock value of how much the actual tax they are paying. This help in making governments more accountable for the money they throw away in freebies.
Why grudge freebies? They are a substitute for an inefficient social security system. Much more money is spent on expressways, bullet trains, arms etc which are freebies for the rich.
I doesn't end there. Tax on fuel we put in it Tax on car insurance Toll tax Tax on service bill. And we are going to all this again from our wallet which is alredy taxed
What no one mentions is you pay tax on tax...road tax is on ex showroom price which already includes gst and cess...yes you par tax on tax...compounded tax...how stupid is that
Sub 4meter law ruined cars in India. It has over stayed its welcome and now should be abolished and modified. We get sub-standard cars, not that powerful engine and we get all that its expensive. Cars have become a necessity for middle class especially looking at the our state transport buses and railways. All RTOs collect at least 10% tax on vehicles but the condition of our roads is still the same. India doesn't get so many good cars from Japanese,European, American and Korean auto makers only because the sub 4 meter law.
The 4-meter law is not the worst law by any stretch, especially in India with a population that is probably most inconsiderate towards others. If there is no length tax, everyone will buy bigger cars and hog the roads with just 1 passenger in a huge car. Most of us don't care about less fortunate people. Public transport is what we should aim for because less than 10% of our population owns a car, imagine if the number increases to 20 or 40%, roads will become undrivable with no space whatsoever.
@@CHAINVIPERx so did the vehicles on the road decrease after introducing this fckign sub 4 m rule which doesn't have any fcking logic, why not 4.5 or 5m they just come up with some fckign numbers to loot middle class and customers end up with subpar cars with no sufficient interior space/boot space with under powered engines
the best example you could have given is Toyota Fortuner and why it cost whopping 56L. people always say it is costly but they don't know it is costly because of tax and Toyota has profit margin of 1-1.2L per Fortuner sale.
Why people are so uneducated like serious you could pay 5% GST of Gold? Did you even know the price difference between 1 gram of gold and a 1 gram food item? Huh...
Yet we run deficits and pay huge interest in the annual budget. Even the RTO tax doesn't really go towards city infra. No wonder middle class & upper middle class is 😒
We pay such high taxes yet what we get in return is not even basic level infrastructure or public services. In our words we get absolutely nothing in return for our hard earned tax money.
1. Road tax without proper roads. 2. Driving license is not certificate of qualification, It is certificate of participation. 3. Hugh property transfer tax without safety to property ownership. Most number of pending cases in court are land disputes. . Dark age is starting. Can't even work & live peacefully 😅
@tbh-insights and for EVs the GST rate is only 5% and even the electricity you buy is not subject to GST since it's governed by the electricity act (electricity duty). However rates for electricity differ very widely in India - places like Mumbai have high rates and places that are rural have very low rates, in some states electricity is subsidized by the government. Compare that with petrol/diesel which is taxed very heavily.
Mann these taxes should be based on price of car than the dimensions its just stupid firstly, GST should be only 5% on EVs, 18% on cars costing under 10lks 28% for < 30lks and 35% for 30lks+ and complete removal of CESS we are already paying taxes on fuel and not to mention fuel prices never go down even if the global crude oil prices reduces and Toll Taxes recently got skyrocketed Pune-Mumbai one way which is just 130kms costs ₹360 as toll CESS should be only applied to those cars which are either less efficient or create a tone of pollution or if the Car is purchased for business use because business purchase can have GST return
RTO should also be National, like GST. CGST > CRTO (C for Center, use highways) + SGST > SRTO (S for State, use state highways and city roads) = GST > NRTO (N for National) and After this stop irritating the public with different RTO rates for different states please
The British Raj didn't Tax like this... Which is mind boggling Also they built better architecture and infra (eg railways, CST, etc buildings) which we are still Using shamelessly😂😂😂😂 _Which is even more astonishing_
Really? No infrastructure.. I agree with the tax .. but lack of infrastructure since 2014? I guess you are over hating.. taxation is really too much .. there is also increase infrastructure.. The newly built infrastructure are quickly destroyed by us , we don't know how to maintain public property too
@@_Xcaliber_ Yes there is Lack of INFRASTRUCTURE... and zero accountability even if there is Infra. Shaby city planning. Shaby Ports. Shaby Indians _and no one mentioned 2014.._ so get your Modi bhakti a check.
Damn i thought road tax was the only tax levied on cars and was very confused when people said the taxes on our cars are around 50%. I was very dumbfounded when i knew the truth. Thank you, your video was crystal clear and i now understand why indian cars are so expensive.
In the description u have said that once car considered luxury item is now a very essential stuff these days. I don’t understand how it is essential these days in spite of having more two wheeler options nowadays , pls explain
A bit of context: With our cities expanding at a massive scale, travelling is no longer an option but a necessity. Now, you might say - well people can travel using public transport. But, with such a massive population its pretty impractical for everybody. Now, coming to your question of why cars when we have bikes - something similar applies - "Safety". With such a huge number of trucks and other such heavy vehicles that move around in the city, safety becomes a concern and the only (better) solution when compared to a bike, would be a 'CAR'. Well, you might say - everybody travelling in a car isn't practical. That's true, but it's ideal (if we have much much better infrastructure) like in the US.
TATA-MAHINDRA are worth every paisa🔥 Every paisa spent on TATA-MAHINDRA goes to nation building and defense against Bharat's enemies Always be proud of owning TATA-MAHINDRA💪 Power of Bharat🚩🔱
TWIST :) XUV 700 - AX7 Diesel AWD (Top-End) • Base Price: ₹15.79L • GST + Cess (28+22=50%): ₹7.89L • Ex-Showroom: ₹23.69L On-Road Costs (Chennai): 1. Registration: ₹4.78L 2. Insurance: ₹1.4L 3. Other Charges: ₹25K Total On-Road Price: ₹30.13L Now, consider this: • The car’s actual worth is just ₹15.79L ( manufacture’s price after accounting for all cost, warranty provisions, margins etc) • Buyers typically pay 50% upfront - so in this case takes a ₹15L loan for 5 years, paying ~₹4L interest. He’s able to buy the car outright he but borrowing to pay for the taxes. So 15l taxes becomes 19L • In 5 years, they’ll also spend ₹4.5L on fuel taxes (fuel cost - ₹15K/month - taxes -₹7.5k/month). Final Cost for a ₹15.79L car? ₹40L Out of which 25 lakhs paid for taxes in 5 years
Practical man: buying sub4 m car under 10L INR to saves money from tax Real sigma: dreams a car he wants , increases his wealth rate and buy the car he wants paying 2x taxes Who would the happier later in life with no regret?
Real sigma: Increases wealth rate and leaves india due to tax issues. Its true, The reason most businesspersons and wealthy individuals setup HQ in abroad like UAE or USA-S.F Also who would like to drive his dream car on a road filled with potholes and undriveable roads. I've seen lots of RWD luxury sedans get stuck due to potholes. Its also major reason why the new segment "Micro-SUVs" are popular, the ride height makes it easier to drive on god-forsaken roads.
Damn, the quality of the video is very good. This channel will blow up, write it down. If i had a way to invest I would've invested in this channel like companies 😂
A time will come when middle class people won't be able to own cars at all,this high rate of taxes will make every middle class life difficult.Gst doesn't makes any sense like service tax for what a highway full of pothholes,pathetic road quality
But then why are cars in the UK and USA more expensive? The top-end i20 is 12 lakh rupees here, and the cheapest i20 in the UK is £21,000 or 23 lakh rupees. The top-end Hyundai Venue in India is 13.6 lakh, and the cheapest Hyundai Venue in the USA is $20,000 or 17 lakh rupees.
On top of all that it's hell for bike riders, all the big vehicles produce lot of pollution in addition to all the dust on roads which is very disturbing for people like me with asthma and allergies, we can't afford cars with all these taxes
Tax is becoming a headache. Ystrday i saw a poor lady give back 2 items in dmart bcoz bill had crossed 100rs more than before. It made me feel v sad fr her. Does th govmnt want poor ppl to die bcoz of taxes? 😔😔😠😠
Even with high taxes, auto sales are going through the roof. Imagine the situation if taxes are much lower, then cars need to travel one on top of another. So the taxes are in a way justified. Whether the taxes are being utilised properly is a different discussion altogether.
Where do u get ur data - check the SIAM data for car sales since 2016. We r struggling to achieve 2016 volumes - so 8-9 yrs of no growth. Wonder why all foreign companies are leaving the market and we r forced to buy only substandard (India only models) of Maruti and Hyundai
Great video, just a suggestion, when you displayed the tax percentage, instead of showing a car with shaded portion as tax, you could show money bundles and how much goes to car and how much to the government. Because we pay 6 lakh for the actual car and 3 lakh to government and not 9 lakh for car out of which government is 30 percent owner.
What ! ? Cars are much costlier in UK and USA if you use the official (irrational!) Exchange rate than in India, assuming local manufacture. Cess is % of GST, not of price? In the west, Corporations are greedy. In India, the Government is greedy.
We pay this taxes from the money we saved after paying income tax. And then pay road tax to drive on roads using fuel which is taxed again. And we drive these cars on potholed roads with autos owned by traffic police breaking rules and making dents on our cars. So who are smarter, car buyers or auto commuters?
Hereafter Ex showroom prices must be said without any taxes. So people understand the actual cost of the car and the actual cost charged by the manufacturer. So people can be aware of the taxes they pay. Or they can just put two figures out. One with and one without the tax. The current way its shown is misleading the consumers.
In India, it is just pay and smile 😃 If one thinks too much of costs, even food will be costly, forget eating in hotels, so just pay and smile.😂 But also better to know whom we pay before smiling 😃
Awesome video man. I am and was always against buying a car - not that I have one (can't even drive). The point being, I don't understand the value proposition and why am I shelling out so much money? If the product is worth 10 lacs, I might pay you extra for the taxes and the services etc. but paying more than 50% of the item's worth is bonkers. Try to make a video on jewellery as well. For a gold item worth 5000 rs., the gold is worth 3000 and rest of it is makig charge, taxes, gst, etc.
Not sure if cars are expensive in India . Then what about car prices in Europe and uk and India seems cheap ofcourse not talking about imported ones just the ones manufactured within India just like ones in Europe I just bought a creta top model in India and I was able to afford it new without debt / feeling pinched , but buying a European car in London for me new is crazy starting prices of decent entry level cars are £45000 which is like 50 lakhs just for the car, insurance costs etc are additional and crazy and then there is car thefts which needs more spending on trackers etc total cost of car to park it in my garage be about 55lakhs just in the first year which is crazy. Only in USA , canada and Saudi car prices are relatively cheaper rest of the world I would buy a car in India anyday than spending a fortune anywhere else
@@tbh-insights"These days, no matter what the world says, a car is a luxury item, not a necessity. A car is a status symbol and a source of comfort. Public transport can be called a necessity, but people don’t buy cars out of necessity. Otherwise, the TATA Nano would never have flopped."
I think taxation on expensive cars are justified. If you can afford a luxury like a car in india and are willing to buy an expensive one to be pampered in then you have to pay for it. I am in middle class and cannot afford an expensive car, but i dont complain the tax system, i think it is completely justified. If you just want a practical car with naviagaion and a/c you can get one around 6 lakhs, want to be pampered? You have to pay for it. There are thousands of people who struggle to even have one meal a day in India, and you cannot go driving about in you a/c, massaging seat, sunroof car without paying for it.
I get where you're coming from 🙆.. Your idea of creating an economically equal society by exponentially taxing the rich to ensure that poor people can eat food isn't the best option. But, even if we do consider that scenario - it isn't applicable to most of the cars (cars, like food and shelter, is an essential commodity in today's world). Most cars that can accommodate 5 people comfortably are >4m.
@@tbh-insights Cars are not an essential commodity in a world where public transport exists. It is a luxury and convinence, and you have to pay for it. Give a poor sensible man a choice between a home, food and a car, you will be surprised by the order in which he chooses the commodities.
@@ankanmaiti9864 I dont see people hanging in 2nd ac or 1st ac. People dont hang in cabs and ubers. Im not asking you to take a bus or general Train ticket, there are public transport means where you can travel comfortably.
You are saying cars are expensive but in my home town nagercoil I saw new registered cars running in the streets every day ,I saw Totota Innova crysta,Hyundai Exter,Suzuki cats,Toyota cars,Mahindra Tar etc.,😊😊So the conclusion is a part of the population is rich and can afford buying luxury things if the price is even high than Market price😊😊
Not really, a major portion of cars are bought in debt. People sacrifice a lot of necessities in their life like (term insurance, emergency funds, healthcare) so that they can own a car 🤷🤷
Thanks for the informative video brother. You must be knowing the new update. The people's govt 😂 is planning for 35 % GST on few items like, Cool drinks, apparels, shoes and more
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India be like we will not improve public transportation and tax vehicles heavily to make a loss loss situation for middle class.😢😢😢
🥲🥲🥲
coz we're an actual minority, something like 3%. Our voice doesn't count, the ones who demand reservation & foodgrain/cash outnumber us 10 to 1.
But lets only tax the middle and salary class people while giving benefits to large corporations and businesses.
Precisely, it makes sense to tax heavily on cars but the public transport needs to be impeccable.
Not only that, if a politician suggests a good policy, the opposition will ensure the policy doesn't get passed.
India where low quality products are costly ❤
😅😅🙆
And good quality products unaffordable 🤦♂
Exactly standard items are luxury here
A wise man once said the biggest achievement for the middle class in India is to leave India
😳😳 not really, but 😅
@@tbh-insights dude it is a wise decision you also knows but don't want to tell
101% agreed.
yea big asset to exploit
Jo log garib hote hai naa unhe kahi izzat nahi milti , paise hai foreign jaao enjoy Karo nahi to ab waha bhi job crisis aa gayi hai
The problem is not the taxes but the lack of its use to get something in return
😅😅🙆🏻
Exactly - same with toll.
I will happily pay toll for access controlled & well maintained expressways etc.
But on any trip most of the toll goes towards state highways & local town bypass roads that are extremely accident prone due to peds/cattle/2W/tractors & rickshaw, not maintained properly & poorly lit & should anyway come from the states budget. They are charging roadtax on every single vehicle - where are they using it if we are paying tolls for every damn road.
No you don't get it. The govt is taking huge loans and sending extensively. The increase the taxes to keep repeating the loans because the revenue generation is not happening enough
@StingSting844 because it is managed very poorly
Not to mention, the fuel you use is taxed at a rate of 50-55% 😢
True 😔😔
67 rupees tax on 33 rupees fuel. Do the math.
It's more than 200% 😂😂
It more than 100%
@@logan_RoyalEnfield 200%
And in return the quality of Govt. hospitals, Govt. Schools and Govt. Office services we get is disgraceful to the core
True 💯💯🥲
Not to mention the arrogant govt babus
Hospital are killer zone
TBH, automobile manufacturers should advertise the car price before tax. When the customer goes to buy the car they will get the shock value of how much the actual tax they are paying. This help in making governments more accountable for the money they throw away in freebies.
True 💯💯😂
Why grudge freebies? They are a substitute for an inefficient social security system. Much more money is spent on expressways, bullet trains, arms etc which are freebies for the rich.
I doesn't end there.
Tax on fuel we put in it
Tax on car insurance
Toll tax
Tax on service bill.
And we are going to all this again from our wallet which is alredy taxed
True 🥲
That's why I work for the gormint!😂
True 😢
These are inevitable taxes you have to pay regardless of any country only rates could be different.
@@vibhutisrivastava2789 the main issue is the rates at which these taxes are charged and facilities what we get in return.
Car market is actually quite a big asset for government
Debatable
Pls ask govt to add one more tax. All cars above 1750mm height to have another 10% bully tax.
Lol 😂🤣😂🤣
What no one mentions is you pay tax on tax...road tax is on ex showroom price which already includes gst and cess...yes you par tax on tax...compounded tax...how stupid is that
Exactly 🤦🏻♂️
Very true, road tax on GST and cess.
Not stupid , cunning and cruel.
Govt knows everything thing. Those rattu tota ias they know what they are doing.
Our country is still lacking cleanliness, waste management, better roads etc etc even after paying such hefty taxes.
Yup 🫥🫥
Sub 4meter law ruined cars in India. It has over stayed its welcome and now should be abolished and modified. We get sub-standard cars, not that powerful engine and we get all that its expensive. Cars have become a necessity for middle class especially looking at the our state transport buses and railways. All RTOs collect at least 10% tax on vehicles but the condition of our roads is still the same. India doesn't get so many good cars from Japanese,European, American and Korean auto makers only because the sub 4 meter law.
True that 💯💯
Very true, its an obsolete law. The problem with RTO tax is it doesn't always go towards urban infra.
No we need low manufacturing that's why
The 4-meter law is not the worst law by any stretch, especially in India with a population that is probably most inconsiderate towards others. If there is no length tax, everyone will buy bigger cars and hog the roads with just 1 passenger in a huge car. Most of us don't care about less fortunate people. Public transport is what we should aim for because less than 10% of our population owns a car, imagine if the number increases to 20 or 40%, roads will become undrivable with no space whatsoever.
@@CHAINVIPERx so did the vehicles on the road decrease after introducing this fckign sub 4 m rule which doesn't have any fcking logic, why not 4.5 or 5m they just come up with some fckign numbers to loot middle class and customers end up with subpar cars with no sufficient interior space/boot space with under powered engines
In a way government takes 50-60 percent profit on each car sold. Insane. It is a good business.
🤣🤣🤣
Legal theift
the best example you could have given is Toyota Fortuner and why it cost whopping 56L. people always say it is costly but they don't know it is costly because of tax and Toyota has profit margin of 1-1.2L per Fortuner sale.
Definitely 🙆
i have heared that goi earns 18.5 lc on per sale of that car
I don't know about that. 1 lakh profit is too low considering that the dealer takes some profit too
You forgot the 3% gst slab for the most essential item sold in india. More essential than food itself.
Gold😂😂
Oh! True 😅
Why people are so uneducated like serious you could pay 5% GST of Gold? Did you even know the price difference between 1 gram of gold and a 1 gram food item? Huh...
Govt is promoting go green... ”dont drive, Just Walk”. Mam why the taxation is high? 'sorry i dont own a car’
😅😅
Yet we run deficits and pay huge interest in the annual budget. Even the RTO tax doesn't really go towards city infra. No wonder middle class & upper middle class is 😒
Yes 🥲🥲
We pay such high taxes yet what we get in return is not even basic level infrastructure or public services.
In our words we get absolutely nothing in return for our hard earned tax money.
True that 💯💯,
But we're still a developing nation
@tbh-insights you're right! But we're still paying taxes equal to a developed nation which isn't fair in my opinion especially to the middle class.
You're money basically goes into pockets of arrogant govt babus
Extreme taxing is the curse of India.
You pay 30% income tax. And from the tax if you wanna buy a car you have to pay tax for it again at 45% or more.
Yup 🥲
That's a very concise and no non-sense video. Loved it. Thank you for this information. ❤❤
Thanks 🥹🥹🙏
Govt service 🤡
Govt tax ☠️
🙆🙆
Govt 💩
Even if you buy sub 4 meter car again you need to maintain under 10 lakh if the price beyond 10 lakh you have to pay luxury tax
🙆🙆🙆
Really good informative guru... chennagi ede
Shocked with taxes details
Thanksu guru🥹🥹🙏🙏
Now there’s another slab, 35% GST slab which is just laughable at this point.
🥲🥲
1. Road tax without proper roads.
2. Driving license is not certificate of qualification, It is certificate of participation.
3. Hugh property transfer tax without safety to property ownership. Most number of pending cases in court are land disputes.
.
Dark age is starting. Can't even work & live peacefully 😅
🫥🫥🫥🫥
I am ready to pay 50% gst on all item if they remove income tax . As all will be taxes equally in that case.
😂😂
Awesome explanation , thanks
Great Video 👏🏻
Glad you enjoyed it
@ Absolutely
what about the tax on petrol/diesel and all the service charges, and GST on service charges, toll charges.
Yeah! That would be a lot
@tbh-insights and for EVs the GST rate is only 5% and even the electricity you buy is not subject to GST since it's governed by the electricity act (electricity duty). However rates for electricity differ very widely in India - places like Mumbai have high rates and places that are rural have very low rates, in some states electricity is subsidized by the government. Compare that with petrol/diesel which is taxed very heavily.
Mann these taxes should be based on price of car than the dimensions its just stupid
firstly, GST should be only 5% on EVs, 18% on cars costing under 10lks 28% for < 30lks and 35% for 30lks+
and complete removal of CESS we are already paying taxes on fuel and not to mention fuel prices never go down even if the global crude oil prices reduces and Toll Taxes recently got skyrocketed Pune-Mumbai one way which is just 130kms costs ₹360 as toll
CESS should be only applied to those cars which are either less efficient or create a tone of pollution or if the Car is purchased for business use because business purchase can have GST return
Next Finance minister in the making ☝️☝️☝️
Control the loudness of the bgm
Yes sir 🥲
Very well explained & love for Kannada & Karnataka.
🥳🥳
RTO should also be National, like GST.
CGST > CRTO (C for Center, use highways)
+
SGST > SRTO (S for State, use state highways and city roads)
=
GST > NRTO (N for National)
and
After this stop irritating the public with different RTO rates for different states please
Very informative , thank you bro keep it up!!
Thank you 🥹🥹
The British Raj didn't Tax like this... Which is mind boggling
Also they built better architecture and infra (eg railways, CST, etc buildings) which we are still Using shamelessly😂😂😂😂
_Which is even more astonishing_
Really? No infrastructure.. I agree with the tax .. but lack of infrastructure since 2014? I guess you are over hating.. taxation is really too much .. there is also increase infrastructure..
The newly built infrastructure are quickly destroyed by us , we don't know how to maintain public property too
@@_Xcaliber_ Yes there is Lack of INFRASTRUCTURE... and zero accountability even if there is Infra.
Shaby city planning. Shaby Ports. Shaby Indians
_and no one mentioned 2014.._
so get your Modi bhakti a check.
Basically around 60% taxes+insurance on personal cars, + 100+% on fuel
Not to mention cess is not technically required to be shared back to states.
Yesssss 😰
Good explanation thanks bro
You're welcome 🤗
Mind-blowing
🤯🤯
Damn i thought road tax was the only tax levied on cars and was very confused when people said the taxes on our cars are around 50%. I was very dumbfounded when i knew the truth. Thank you, your video was crystal clear and i now understand why indian cars are so expensive.
Yesssss 😭
In the description u have said that once car considered luxury item is now a very essential stuff these days. I don’t understand how it is essential these days in spite of having more two wheeler options nowadays , pls explain
A bit of context: With our cities expanding at a massive scale, travelling is no longer an option but a necessity. Now, you might say - well people can travel using public transport. But, with such a massive population its pretty impractical for everybody.
Now, coming to your question of why cars when we have bikes - something similar applies - "Safety". With such a huge number of trucks and other such heavy vehicles that move around in the city, safety becomes a concern and the only (better) solution when compared to a bike, would be a 'CAR'.
Well, you might say - everybody travelling in a car isn't practical. That's true, but it's ideal (if we have much much better infrastructure) like in the US.
TATA-MAHINDRA are worth every paisa🔥
Every paisa spent on TATA-MAHINDRA goes to nation building and defense against Bharat's enemies
Always be proud of owning TATA-MAHINDRA💪
Power of Bharat🚩🔱
TWIST :)
XUV 700 - AX7 Diesel AWD (Top-End)
• Base Price: ₹15.79L
• GST + Cess (28+22=50%): ₹7.89L
• Ex-Showroom: ₹23.69L
On-Road Costs (Chennai):
1. Registration: ₹4.78L
2. Insurance: ₹1.4L
3. Other Charges: ₹25K
Total On-Road Price: ₹30.13L
Now, consider this:
• The car’s actual worth is just ₹15.79L ( manufacture’s price after accounting for all cost, warranty provisions, margins etc)
• Buyers typically pay 50% upfront - so in this case takes a ₹15L loan for 5 years, paying ~₹4L interest. He’s able to buy the car outright he but borrowing to pay for the taxes. So 15l taxes becomes 19L
• In 5 years, they’ll also spend ₹4.5L on fuel taxes (fuel cost - ₹15K/month - taxes -₹7.5k/month).
Final Cost for a ₹15.79L car? ₹40L
Out of which 25 lakhs paid for taxes in 5 years
Explanation good man 🎉
Appreciate it! 💯
Practical man: buying sub4 m car under 10L INR to saves money from tax
Real sigma: dreams a car he wants , increases his wealth rate and buy the car he wants paying 2x taxes
Who would the happier later in life with no regret?
You sir are a true sigma 🫡🫡
Nah the real sigma will leave this hellhole
Real sigma: Increases wealth rate and leaves india due to tax issues.
Its true, The reason most businesspersons and wealthy individuals setup HQ in abroad like UAE or USA-S.F
Also who would like to drive his dream car on a road filled with potholes and undriveable roads. I've seen lots of RWD luxury sedans get stuck due to potholes. Its also major reason why the new segment "Micro-SUVs" are popular, the ride height makes it easier to drive on god-forsaken roads.
@@saayanbiswas209 exactly
@@bhuvstechworld9743 that's true
Damn, the quality of the video is very good. This channel will blow up, write it down. If i had a way to invest I would've invested in this channel like companies 😂
🥹🥹🥹 awww thank you so much 🙏🙏
well on top of that we also have to pay toll , fuel tax , and very soon we will also be paying pothole tax , lane tax , divider tax what not
True that ,💯💯
Short, crisp and very informative video. Well done 👍
Glad you liked it! 🙏🏻🙏🏻🥹
ev is 5% tax, base model 20l. Gas 25 to 50% tax, base model 6l. After doing all calculation which one you will prefer?.
Neither 😅🤷
Nice editing this is the first video ever of your channel I saw
Thanks 😊😊
Bro Toll, insurance 18gst, u forgot, service , spare parts 18-28%
Didn't want to complicate the overall topic of the video 🥲
Your content gives Aevy tv vibes😍
It's a compliment
Thanks 😊👍
Thanks, very nice explanation.
🥹🥹🙏🙏
all thanks to our sarkari babus. Paying tax so that sarkari babus can have a comfortable pension
A time will come when middle class people won't be able to own cars at all,this high rate of taxes will make every middle class life difficult.Gst doesn't makes any sense like service tax for what a highway full of pothholes,pathetic road quality
Oh! That time is here already 😅🙆
Lower middle class can't afford cars, they're buying it anyway because it's a necessity 🤷🤷
They'll add taxes to water and say mineral water is luxury 😂
Music is Louder than Voice Pls rectify it
Yes sir
But then why are cars in the UK and USA more expensive? The top-end i20 is 12 lakh rupees here, and the cheapest i20 in the UK is £21,000 or 23 lakh rupees. The top-end Hyundai Venue in India is 13.6 lakh, and the cheapest Hyundai Venue in the USA is $20,000 or 17 lakh rupees.
Oh that's coz it's exported
On top of all that it's hell for bike riders, all the big vehicles produce lot of pollution in addition to all the dust on roads which is very disturbing for people like me with asthma and allergies, we can't afford cars with all these taxes
Shit the government, We need VAT in India no tax in income
Tax is actually close to 100% if you calculate it based on the ex showroom price - the gst and cess
Not really 🤷
They are not giving BH series to save money
The content is great but i feel like the background music is a bit too high
I would prefer KEI cars to come here. Hope you know KEI right ?
Not really😅
What's that?
@@tbh-insights KEI is basically shorter cars. mostly KEI word is from Japan means shortening
Engine is also criteria you forgot
😅😅
Tax is becoming a headache. Ystrday i saw a poor lady give back 2 items in dmart bcoz bill had crossed 100rs more than before. It made me feel v sad fr her. Does th govmnt want poor ppl to die bcoz of taxes? 😔😔😠😠
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please make the background music louder
could almost hear what you were saying
🥲🥲 sorry sir 🙏🥹
Even with high taxes, auto sales are going through the roof. Imagine the situation if taxes are much lower, then cars need to travel one on top of another. So the taxes are in a way justified. Whether the taxes are being utilised properly is a different discussion altogether.
Where do u get ur data - check the SIAM data for car sales since 2016. We r struggling to achieve 2016 volumes - so 8-9 yrs of no growth. Wonder why all foreign companies are leaving the market and we r forced to buy only substandard (India only models) of Maruti and Hyundai
Cess difference between diesel and petrol too. 🤧 1.5L engine and above has higher tax. A diesel Xuv700 gives still more higher tax to the government.
Yes 🥲
I was surprised to see how expensive new cars have become when I visit India. I thought manufacturers were greedy.
😅😅
even after paying this amount of taxes the rods we get are just straight unusable
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Great video, just a suggestion, when you displayed the tax percentage, instead of showing a car with shaded portion as tax, you could show money bundles and how much goes to car and how much to the government. Because we pay 6 lakh for the actual car and 3 lakh to government and not 9 lakh for car out of which government is 30 percent owner.
I like your suggestion, I'll keep that in mind for future videos!
Enlightening! But what's the way out bro
DON'T Buy a Car
What ! ? Cars are much costlier in UK and USA if you use the official (irrational!) Exchange rate than in India, assuming local manufacture. Cess is % of GST, not of price? In the west, Corporations are greedy. In India, the Government is greedy.
Because there's a commission is going to International brokers (politicians) on the name of Tax
What?? 😨
I have an Ignis which i had paid 7 lakhs on road, will keep it till it dies 😁 no thanks to paying useless tax to govt 🙏🏻
😅😅😅
Hey nice video, one suggestion. Reduce background music
Thank you!!
Yes sir, noted 🥲
We pay this taxes from the money we saved after paying income tax. And then pay road tax to drive on roads using fuel which is taxed again. And we drive these cars on potholed roads with autos owned by traffic police breaking rules and making dents on our cars. So who are smarter, car buyers or auto commuters?
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Thank you Modi ji,
If you do not want to pay more taxes, "Rod splendor" is the way to go. Uses less fuel, is less expensive, and travels to places it shouldn't.
🙆🙆 that's so sad....
That's a very bad mindset to have.
In life - one should always have the mindset to earn more, NOT the mindset to spend less🤷🤷🥹
Hereafter Ex showroom prices must be said without any taxes. So people understand the actual cost of the car and the actual cost charged by the manufacturer. So people can be aware of the taxes they pay. Or they can just put two figures out. One with and one without the tax.
The current way its shown is misleading the consumers.
That's true 🥲
In India, it is just pay and smile 😃
If one thinks too much of costs, even food will be costly, forget eating in hotels, so just pay and smile.😂
But also better to know whom we pay before smiling 😃
What?? 😦
Tax like Sweden facilities like Sudan
😅😅
We are paying 300% tax for cars in Sri Lanka😥😥
What??? 😲😲😲
Awesome video man. I am and was always against buying a car - not that I have one (can't even drive). The point being, I don't understand the value proposition and why am I shelling out so much money? If the product is worth 10 lacs, I might pay you extra for the taxes and the services etc. but paying more than 50% of the item's worth is bonkers.
Try to make a video on jewellery as well. For a gold item worth 5000 rs., the gold is worth 3000 and rest of it is makig charge, taxes, gst, etc.
True that 💯💯. I'll definitely make a video on jewellery. 🙏🙏
Tax on fule and toll gate chargers ?😂😂😂
Yup!!
Make video regarding QUADRICYCLES
What's a Quadri cycle?
@@tbh-insights cars like Bajaj Qute & MG Comet EV
Even the Manufacturer couldn't have a such huge margin ,jitna govt tax charges krti hai.And manufacturing is also providing job and run economy.
True that 💯💯🥲
Dont use music in background. If you still please make it only for background. music was overpowering your own sound as well.
Yes, we'll look into that right away 🙆😭
Not sure if cars are expensive in India . Then what about car prices in Europe and uk and India seems cheap ofcourse not talking about imported ones just the ones manufactured within India just like ones in Europe
I just bought a creta top model in India and I was able to afford it new without debt / feeling pinched , but buying a European car in London for me new is crazy starting prices of decent entry level cars are £45000 which is like 50 lakhs just for the car, insurance costs etc are additional and crazy and then there is car thefts which needs more spending on trackers etc total cost of car to park it in my garage be about 55lakhs just in the first year which is crazy.
Only in USA , canada and Saudi car prices are relatively cheaper rest of the world I would buy a car in India anyday than spending a fortune anywhere else
So basically we are born to pay tax.
Seems like it 🙆🥲
Also called tax terrorism where the citizens are treated as hens in the farm that keeps laying eggs, gets infrastructure terrorism and finally dies!
It's still cheaper in India to own a car... India s not even in top 25 expensive countries for car ownership...
Lol, that's only because - they have extremely high (average - yearly) fuel spends, Maintenance costs, and terrible depreciation....
Thik hi hai waise bhi 70 -80 % log ko tamiz nahi hai car chalane ki , car sasti nahi hai kam se kam kuch awara londe to afford nahi kar paa rahe .
Car is a necessity in today's world my friend - not a luxury
@@tbh-insights"These days, no matter what the world says, a car is a luxury item, not a necessity. A car is a status symbol and a source of comfort. Public transport can be called a necessity, but people don’t buy cars out of necessity. Otherwise, the TATA Nano would never have flopped."
I think taxation on expensive cars are justified. If you can afford a luxury like a car in india and are willing to buy an expensive one to be pampered in then you have to pay for it.
I am in middle class and cannot afford an expensive car, but i dont complain the tax system, i think it is completely justified.
If you just want a practical car with naviagaion and a/c you can get one around 6 lakhs, want to be pampered? You have to pay for it.
There are thousands of people who struggle to even have one meal a day in India, and you cannot go driving about in you a/c, massaging seat, sunroof car without paying for it.
I get where you're coming from 🙆..
Your idea of creating an economically equal society by exponentially taxing the rich to ensure that poor people can eat food isn't the best option.
But, even if we do consider that scenario - it isn't applicable to most of the cars (cars, like food and shelter, is an essential commodity in today's world). Most cars that can accommodate 5 people comfortably are >4m.
@@tbh-insights Cars are not an essential commodity in a world where public transport exists.
It is a luxury and convinence, and you have to pay for it.
Give a poor sensible man a choice between a home, food and a car, you will be surprised by the order in which he chooses the commodities.
There is no way you define luxury. Not everyone buy cars for personal comfort .
@@albertmuziq8024You're saying as if public transport exist in the country. Yes, people hanging in locals is not public transport infrastructure.
@@ankanmaiti9864 I dont see people hanging in 2nd ac or 1st ac.
People dont hang in cabs and ubers.
Im not asking you to take a bus or general Train ticket, there are public transport means where you can travel comfortably.
You are saying cars are expensive but in my home town nagercoil I saw new registered cars running in the streets every day ,I saw Totota Innova crysta,Hyundai Exter,Suzuki cats,Toyota cars,Mahindra Tar etc.,😊😊So the conclusion is a part of the population is rich and can afford buying luxury things if the price is even high than Market price😊😊
Not really, a major portion of cars are bought in debt. People sacrifice a lot of necessities in their life like (term insurance, emergency funds, healthcare) so that they can own a car 🤷🤷
We just cannot have good things, can we?
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Now you should go online to buy car.👍🏻
Good idea!
28% GST +
20% Cess (for vehicles longer than 4m) +
15% import duty (if vehicle is CKD).
* Road tax and registration, and tax on insurance extra
Yup 😰
Thanks for the informative video brother. You must be knowing the new update. The people's govt 😂 is planning for 35 % GST on few items like, Cool drinks, apparels, shoes and more
What?? 😮
Yes 38% on luxury items and some 28% something on cool drinks, jeans and other clothing 🙏🏻
Subscribed for the "yo macha"
😅😅 thank you