WHY ARE TAXES SO HIGH IN INDIA? | Unfair Tax Laws of India | Abhi and Niyu
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- Опубликовано: 20 сен 2024
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Welcome to our video "Indian Taxes Explained"! Taxes can be confusing and overwhelming, but understanding how they work is important for every citizen. In this video, we break down the different types of taxes in India and explain how they work.
We cover the basics of income tax, goods and services tax (GST), property tax, and other taxes you may encounter. We also discuss tax deductions, exemptions, and how to file your tax returns.
Whether you're a student, a professional, or a business owner, this video will provide you with the essential knowledge to navigate the Indian tax system.
So, if you're looking to gain a better understanding of Indian taxes or just want to brush up on your knowledge, this video is for you! Don't forget to like and subscribe for more informative content.
#HowIndiaWorks #IndianEconomy #abhiandniyu
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Nah your videos are better than Kuku FM
You should provide these type of video😢
Thumbnail be like tu bhar mill...😂😂😂😂
Hi abhi bhaiya please make a video on Sonam wangchuk on world's
First lifi mountain top comunication test in ladakh
You missed few points in your last video about wrestlers. Those wrestlers are senior sportsman and they don't want other young talents to come, and the new government rules say national competition will decide who will play international. But They want direct international entry.
They basically want nepotism in sports. This will harm young talents and that's why we don't get gold medals much. End nepotism in sports.
I lived in Australia for 10 years. Was paying around 28% tax but believe me I never regret it. Why? Government covered my all medical bills, roads were amazing, whenever I go to any government department for my work, they attend me from the door itself, keeps me updated and give me the respect I deserve as tax payer.
Update: appreciate the people who liked the comment. Also, for those who are asking me not to compare india with Australia because of population etc. listen to me, I am not comparing guys, I am highlighting what we should demand from our government. I agree many things will take time in india but the way government employees treat us in government offices, specially poor or middle class have you seen it? I have seen it. It looked like I am begging their service. This one is not related to population right? As a tax payer we should also know what we should demand. That’s all.
Please calculate the ratio of Australian tax payers and total population and compare with Indian Tax payers and Indias total population,
We don't pay taxes to the government because govt doesn't give us these services....even if we pay taxes, we still have to pay for all other stuff
Vaise bhi we are paying GST !
Government covers all medical bills of parliamentarians and ministers here
Do you have any problem?
These people are our gem 💎
Without those hardworking, incorruptible ministers indian can't even be run for 1 day
@@dipayansaha4101 ye kis level ka sarcasm hai bhai 🥲🥲
@@ChampionBoxerBhai I don’t have to.. I know that.. but it’s important for Indians to know everything so they can demand good life from government.
Most of the youtube couples were busy at posting their vlogs,family stories, but u guys are so responsible and trying to teach something to this society..Hats off u both
India only this much government tax and motor department RTO road tax this much and half of the cars price , this is very bad no other country do this , we should stop this before people pointing government
The truth: I am a software engineer, and i uses to pay 2 to 3 lacs income tax every year. Due to bad road conditions and inexperienced truck drivers, i couldn't even get proper 7 hours of night sleep. I tried complaining to the municipality couple of times, but never got a fixture. I got an opportunity to leave the country where i get what i pay for, so i opted for it. Now i work in North Carolina, and its really nice here. 🙂
I am also on the same path, planning to leave India ASAP.
@@prabhakarvarma952 such an unfortunate thing!
Very true bro... Who will not opt for better life when you are working more than 10 hrs a day in IT... At least a good life for you and your family
@@prabhakarvarma952 where do u want to settle then , in australia ?
Escape, escape, escape.
Sad but true. I always regret staying in India thinking the country will change and improve.
Countries like Sweden, Finland, Norway impose high taxes but they give free (very
Affordable) education and health. That's why people in that country are not obsessed with high taxes.
When you are paying taxes for the services then how is it "free" ? You would have got a better service if you were to pay for these services as and when required ,like any other normal service.
I wouldn’t call the basic education free. The taxes are super high and that is what goes in the education system. Once the student starts going to college..the cost rises like crazy. On an average a higher degree costs around 50/60k. Nothing is free bro ..nothing ..😃😃😃
We can't compare with other countries since we have huge population
So, why indian government fails to do so. What is your say?
Look at the condition of Pakistan. Only 1% population pays tax . The super rich 5% business mafias don't pay any tax and even manage to secure subsidies for themselves through various bills in the parliament. Politicians and government employees don't pay tax infact enjoy perks like free electricity and free petrol .The army itself is involved in many fields of economy which further corrupts the system and nobody cares about anybody at any level of the society. The upper class of Pakistan never cared about improving infrastructure or building new ways to generate income ,they didn't care about ending inequality or ending societal corruption and today their whole system has collapsed. Poor people are recieving electricity bills in 30 to 40k a month , petrol and other prices have gone through roof . And their elite are giving perpetual blow jobs to IMF. Those who laugh at Pakistan should know india has a lot of similar problems. Pakistan is a great case study for the Indian government to what to do in the next 5 years to avoid such a situation.
When I started earning in 2006 I claimed no rebate from income tax, even though I was investing in PF and LIC. I was proud thinking I am contributing to my nation's progress. Then I saw my office caterer made about 25K a week and my PG owner made made 1.5 lakhs a month yet they didnt pay any tax. And one day I lost my cell phone and went to police station to file a complaint. I was made to wait for 3 hours, I was frustrated to see the jobless tapories of my area being treated better than me by police. Now I do pay tax but only because I am forced to and there is no other way out.
This is called HARSH REALITY. 😮
Really proud of you Sir ❤️
Then who is forcing you to pay taxes, don't work, stay poor, and stay content. Just like the majority of your indian brothers who are living that life. Second option is to join politics.
People who are earning more than 15 lakhs, come in top 1% of this country. And still they will say they don't want to pay tax.
And believe me if you decide to leave your job, there are 200 people who are willing to do your job at half the pay, and with the same productivity.
@ultra_sharp basically you are Dumb 😂 not sharp
@@ultra_sharp if government have this outlook towards taxpayers. They will prefer leaving country. And we will loose some of top minds. Agreed everyone need to pay tax but this responsibility needs to shared more. And government should not waste it on subsidies . Needy do not get benefits of subsidies in india it’s powerful.
...and this is how India works 🙂
True bro ture
😢
Key word is it works ...😅
We grow and make our india proud 💪
@@IamXpertAman kuch nhi hone wala
For salaried employees it is like. Bhai job karoge toh tax bharoge. Grow karoge toh jyada tax bharoge. Promotion and hike ki khushi honey se zyada insaan tax calculation me ghus jata hai.
Please can you analyze why and how gst should be more than growth rate
You guys nailed it , IT salaried employees frustrated, I am BJP supporter but on this issue BJP done nothing for honest tax payers.
Its not completely bjp but the central government. I'm from Maharashtra eknath shinde has just come into power waiting for changes in this field.
This is the disadvantage of such a huge population. Standard of living will never be at par with developed countries and poor will remail poor. 30% direct taxation is crazy in India... Government or this country doesn't deserve it
@Young Bengal Nothing is freebies, a poor people also pay indirect taxes a lot in every purchases, just think about a delivery man who buys a 1 lakh rs bike and pay around 9000 rs as taxes and then for fuel everyday he pays around 300-350 rs of taxes to the government ( for 5-6 liter fuel) and then again indirect taxes on each and every grocery purchases/medicines/phone bill and all. don't be a brainwashed fool, inspite of having 0 salaried income each and every person pay around 15-20% of their total income for indirect taxes so they deserve some food ration & subsidies from the government
They're focusing on one thing and that is highway infrastructures, but how many people use highways regularly? you may say that the goods will reach their destinations earlier but then again think about the crazy high taxes on fuel prices, almost 50% and more in some states. nowadays it becomes impossible to live a month with having a of salary 30k rs for a 3-4 person family
@@arghyadeep5738 family badhana band karo. I understand this doesn't seem logical but it is. Because our population is uncontrollable and no matter who's fault, middle class will always have to suffer. That's an unsaid rule. Rich people buy the govt and poor people are in large number toh vote bank ke liye fayda. Which is why govt has got no genuine interest in middle class.
I am a tax payer for more than a decade. Never felt so proud of myself before that I am so useful for the country but yet people like me are taken for granted and we are doing a thankless job for the country. Nice video.
You can count on me Sir !
+1
My fa
Need for some change!!!
I myself am paying 56k per month!
I am CA student, and I am watching your videos from a very long time. It entertains me so much, but this videos really gives me goosebumps. Today's video really put me to think about our countries tax system. I request you to make more such videos on these topics. It totally boost my desire to become CA, not only for my family but this time it will be also for my country. Ye videos apne baki friends ke saath share karne se or solution dhundne se muje farq padta h. ❤
these things are bumlshit okey u have to (work hard > do bussiness > pay less ) i can say the same thing the zomato guy has money to buy the motorcycle but he dosent have the money to invest and start the dropshipping bussiness. ( soo correct ur mindset the only thing u need is infrastructure when u look good u feel rich and that is necessary)
@Juggernaut copy pasting same thing everywhere. Get a life
Bhai abhi may 23 m paper de raha hai kya??
@@sanskarsaluja8116 yes bro
@@ManishSharma_30 inter or final
I'm really pity on all middle class salaried employees because we don't get single rupee benifit from government
Please can you analyze how gst should be more than growth rate
If india is earning 8% then why should I pay more than that.
In such case one day all my savings will be zero and india government will be the richest government in the world
After middle class population getting a good job and salary. Few basic services should be provided by the govt. Sad thing is only politicians and powerful people get such privileges and tax paying middle class citizens gets nothing.
In my opinion I thought our constitution should be little bit changed . IAS should be the PM of our country . All the IAS who are retired and want to become the PM of our country should give a exam and 3 or 4 IAS who was the most intelligent and can handle all types of situations will be asked to stand in elections and who will got more vote by the people will be the prime minister (PM) of our country and I think this will bring a major change in our country .
@@sasmitafacts4153 Very true, constitution needs few amendments like these. And the UPSC qualified people should be given more power. They will definitely administer well.
@@sasmitafacts4153 this will limit a person from becoming a pm or a representative of people in short it destroyes equality as you will not give equal acess to people for repsentation and close the powerful position in the goverment to educated and rich.
@@srinidhiharathanahalli7777 And it's not that it cannot happen, just they will never let it happen.
Basic services are a Joke, even in a City like Gujarat's Ahmedabad, if a dog bites you and u go to a Government hospital to get the treatment which should be free and is free, the staff will treat you in such a way that even a poor person would avoid facing it.
Even today if in any domestic case Police help is called for, they come and in a way just mock the situation and doesn't even put it on the paper. But for sure loots the couples on riverfront in the name of 'No romance in public' doing which is against constitutional rights of a person but they do it.
And No wonder why someone who comes from middle class background and has secured his future always tries to Move to another country where they get Value for their tax payments.
As a tax payer , I am not expecting any rewards just some respect and recognition whenever we have some Govt related works.
Respect dur ki baat they ask bribe from you
😂 they always ask bride
@@Shubham89453that's the worst behaviour i would shame them with that Fatherless dialogues
Corruption agar reduce ho jayein toh kafi hein
@@Shubham89453 abe jhaar ke bhaga dete hai
This was really eye opening because we don't get to learn all these in schools and colleges which we should be actually. So Thank you guys ❤️ Much love!
School curriculum outdated h time se and they will never taught these things,one hope learn through internet
Vote for congress and keep learning how India is shown always as a cheap country in the books
@@ManasiCSEi think india ke liye future mei khattre ki ghanti najar aati hai aur shyad barbaad bhi ho skta h . India China se bhot cheeje import krta ha aur china ko Paisa deta ha aur china ussi paise ko defence mei lagata hai aur india ke against military action lene ki koshish krta ha jo bharat ke sovereignty ke liye bhot bada khatra hai . Hmare desh mei gareebi bhot jyada hai aur population mei world highest bann chuke aur per capita income bhot low hai aur human development index and happiness index bhot hi bekaar hai
Pakistan aur Afghanistan ka haal dekhlo
Agar bharat mei system theek nhi kiya toh hum bhi Pakistan, Afghanistan jaisa haal ho jayega
Aur china india ko sukkhe patte ki tarah uda dega aur pure india , Pakistan aur Afghanistan par full captured kar lega
I sure have studied all this in my college economic classes but yeah it should be way before and a mandatory education for everyone not just the eco choosers.
Barobar darling
I moved to the USA 40 years ago and noticed that the issues they faced in India back then are still prevalent today. India continues to grapple with the same problems. Unless the culture of favoritism, naukarshahi, and political influence is eradicated, the situation will remain unchanged.
India hamaare chacha ji ki jamanese bhi developing country hi hai lekin devolop nhi hua hai. Neta logon ne sirf baat bolte hai.
Good choice, as long as dollar dominates India will get poor day by day
Political influence is not going anywhere at least for next 20 years.. so basically I too will have to move 😢
I've paid taxes in India close to decade working in corporates yet never got to see my money being worth it. After I moved to Canada, I've realized that the tax is considerably high but then again I'm more than happy to pay it considering the infrastructure and the transparency by which the government handles the funds efficiently. I'm quite certain that, by the next decade our nation would inculcate values such as social security and tax management on a better note.. Hope those government offices where lazy officials slack on the job get performance reviews and get sacked if not working good enough for our people.
Verry true bro
NO govt officials will never improve unless they have the fear of being FIRED...plus most govt officials are reserved candidates who are always on REVENGE MODE...u can think if someone is getting a job just by getting 40-50 marks & 80-90 marks candidates are not selected how can u expect better services from them??? & throughout their lives, they HATE upper castes & due to that they never apply their brains in productive work...they apply their brains on harassing people around them intentionally
First politicians should be sacked since they are big scammers
Govt employees are good, they are the smartest chunk of india but politicians who run these govt employees are 8th fail, 10th fail students and they will never allow an IIT, IIM and MBBS pass out person to dictate what is right and what is wrong.
So better choose educated and more educated politicians who can have their vision and do something for welfare
It’s always better to go for educated and corrupt than non educated and non corrupt.
Free healthcare in Canada too, now free dentistry.
If rich are taxed too much , they have money , they'll move to other countries with their business.
Meanwhile middle class don't have money to run somewhere else .
And poors don't have anything to eat , how will they pay tax .
So logic is simple , middle walo ko hi maro 😂😂 .
Well we don't have another option,so we need to
@@technicalgamers7324 yup
Exactly!
If person earn 1 crore they have to pay 30% of earning that is 30lakh. But if they want to tax free then they give 85 lakh donation to any political party and take 82-83 lakh black money in cash . Then they have to pay tax on 15 lakh that is only 2-3lakh.🎉 But but if Income officer raid held then you have to go jail and pay 100% tax that is 1 crore 😂😂😂😂😂
Middle class defined the future of any country
70% of the Indian population lives in Rural Areas and there are hardly any Income tax offices in Rural Areas.
For Example: People living in Rural Areas earn so much money without paying any taxes that they buy Flats/Properties in Cities like Pune/Mumbai and this results in high property rates.😢
Rule are already set just expand them to Rural Areas and punish the culprits 👍
Ha bhai me manta hu aapki bat hamari family income something 15-16lac hai per hai but ham 1 pessa tax nhai de te hai bhai 🙂
Mazak tha 😂😂😂
Thanks for so informative video
I am a village guy .But i want to clarify that har rural area balla bnda grib nhi hai hmare idar gavn logon 50-50 lakh ki gadiya rkhi hai🥲🥲.
Himachal haryana aur Punjab ke rural balle bnde Sehr ballo se jyada Ameer hotte max time
Rural vs urban esa karne ki koi jarurat nahi hai.. Tum bhi free ho .. jake raho rural area m .. jara feel lo unke life ka .. raste bijli pani health facilities ka.. Waha p koi income tax officer bhi Jana nhi chahega.. kuch milna to chahiye.. malai kon kamata aur kaha p he usse bhi pata he.
@@dipakpatil5717 arre bhai Rural area m aa kabhi tujhe dng ki oxygen milegi without oxygen balla dimaag aisa hi hotta hai
Guys hipocracy dekh rhe ho santvi fail ki
No hate to anyone 🌷
Sehar balle bhi Max gavn s hi hai ya the ab aisa toh hai nhi ki jab se duniya start Hui tab se sehr the💀
Iam a 15 year kerala malayalam boy but i can understand hindi and then i saw this channel when i search for a job ( ambition ) that i can take. And i liked this channel so much i subscribed this channel with only watching one video. Now iam learning many important knowledge thank you so much your explanation and language are very easy to understand even though iam a malayalian ♥️♥️♥️♥️
They are godituber only white washing crimes and lackings of BJP/NDA Gov.
I paid 30% tax in Britain the country of taxes, but every pence taken by the government was worth it. Extremely good roads, literally the moment paint faded, Maintainence crew immediately fixed it. Cities and towns are brilliantly planned, rules and regulations are very strictly enforced using modern technology. CCTV cameras really help. Good NHS although, it can be improved. There is amazing coordination between different departments of the government with a very strict process and checklist so I never saw someone digging the road right after it was freshly laid. I’m a great patriot of India but I will leave it without any doubt if I get a chance again as I’ve lost hope from the government and system. This is the most dangerous aspect for any nation, ‘loosing hope in the government and system’ . I have one life and it’s my decision to live it abroad.
You both are doing great work and like you said some viewer of yours in the future may change these things but I’m a salaried employee taking the burden of 1.4 billion people and I get nothing in return. So when things change in the future, Not only me but most Indians will return as believe it or not, we get more respect, money and quality of life in EU, America than our own country where we’re treated ‘useless’
Of course. You can leave or stay in India as per your choice. The foreign countries are very eager to have Indian workers cause we are very hardworking and we'll demand less salary compared to their native residents.
ohh bro these day i heard these is no electricity was left during winters and in shopping mall people dont buy extra food there were lock on food ,So dont misguide indian your ancestors took billions now were are recovering from it
UK has never be ruled by any other country.. its only 75 years for our nation since we got freedom and we have already progressed a lot. Population is a big problem, so definitely, intolerant people who can't bear some problems better lead the so called happy life in UK. Go ahead.. 😊 India needs optimistic people and people who want to do good for the country. People who curse and leave should not expect vice versa in return
@@indiancitizen9339 also UK is a very old democracy.
@@indiancitizen9339 the reason UK got so big and Rich was due to colonisation and slave labour. Now they don't have this much luxury and are burning slowly and slowly.
Creators like you can and surely will renovate India ❤️✨🇮🇳
⚠️Corruption is the main problem in India (salute to ur efforts🙏)
And v just let go things until it sinks us🙃
⚠️Fun Fact:-Seriously politicians get pension in lakhs while having property in cores 💸💰
these things are bumlshit okey u have to (work hard > do bussiness > pay less ) i can say the same thing the zomato guy has money to buy the motorcycle but he dosent have the money to invest and start the dropshipping bussiness. ( soo correct ur mindset the only thing u need is infrastructure when u look good u feel rich and that is necessary)
@@triggeredgamer206bhag madarchod IT cell,spam kar rha sare comment pe
Ig you must be having someone in your family who is a MLA or Involved in doing corruption like earning Extra money which is obviously unaccounted.
Man, I gotta say, you both deserve a huge round of applause for the content. To kill my time, I had come across your page and I must say, the frequency of visiting this channel has increased. The best thing about your content is the simplicity you provide to your viewers.
Sadly these guys are sold now, they will stop showing facts now.
@@nimbupaani6335 can you elaborate 🤣😂?
I am happy someones is sharing the pain and story of us middle class who pay direct as well as indirect taxes yet never recognized our fate
Yess den
😢
As a finance student i feel you should have explained indexation more so that people can understand how honest tax payers savings are bleeding. BUT thanks for the video❤
Tell more
It's great you understand it. 95% of people aren't affected by it.
@@4cscript743because 95 percent don’t pay tax
Best business is the education Business especially in a country like India were theoritics and degrees are more valued than practicality, people doing mbas spending 12 to 20 lakhs to work as a crm in banks for 20K per month 😂😂 what a joke is going on in this country and its education system all business
Abhi and Niyu🙏🙏 finally someone made a video exactly what's the issue with taxes.
Taxes are high in western countries but they provide again as pension irrespective of what profession. In india once tax paid, that money is gone.
As a CA student I would like to add that the 7lakh( namely 115BAC) just to confuse you, as it is only applicable to the new tax regime, which has many lesser deductions as compared to the old tax regime with 5 Lakh rate, so even if you are getting 2 lakh benefit you'll loss so many deductions that benefits gained would be much much lesser than those gained...
new tax regime us better when your salary is above 24 LPA.
After that the deductions dont matter at all.
@@namahshrestha3226correct because 115 bac has restrained so many deductions to be claimed by an individual 🤷
@@namahshrestha3226
Correct sir🫡 deductionS can only save UPTO 30% of your
CLAIMED DEDUCTION U/S 80C TO 80U....
Example 80C(MAX LIMIT 1.5LAKHS)
Suppose:-
Your earning GTI(INCOME)=10LAKH(ANNUAL)
WITHOUT DEDUCTION -->TTI=10LAKHS YOU HAVE TO PAY TAX around 1,12,500+4%cess(as per old slab rates).....
With deduction:-
YOUR CLAIM-->(100,000)80C DEDUCTION now your tti= 900,000rs(taxable income)
Now your tax= 92,500+4%cess
As u can see you 😀 save tax by 20,000
Which is 20% of your claimed deduction (100,000).....
Sorry sir....😅gyanbaazi ke liye baccha hu :)
Ca/cma inter ka
On another topic, as a former CA student , I urge you to leave CA. It has no future. Invest in technical skills. You will get more and better opportunities.
as a salaried person i can completely relate with this i think govt never want that a middle class person like us save our money for future to give good support to our next generation
Kch v😂😂
Kuch bhi
@@rohitgope4006 bro jo avg salary hai india mein aur jis hisab se tax hai upar se investment mein bhai sarkar abhi jaise tax le rahi hai it's very difficult to save good amount of money unless ur a corrupt gvt officer anyway mere khayal se aap salaried person nhi hoo u can't get my point
@@knightlord368 mujhe tax pay karne se koi problem nhi hai bas sarkar medical aur education gvt sector mein sahi Kar de so mere next generation ko pvt me dependent na hona pare nhi toh in Saab mein toh ek normal insaan ka most of the money chala jata hai
Loved this topic! You spoke on behalf of all the honest taxpayers and this needs to be addressed asap for a progressive India. Would love to hear your guys speak on the topics below:
- Hospitals/doctors (the way it works & some scams that happen within them)
- School fees: A substantial part of the income goes into paying school fees and the 10% annual fee increment (in some schools). Average individual/parents (in the IT sector) don't get 10% increment annually!
True, spoke my heart, I was thinking on this from a long time during the COVID lockdown days
Best business is the education Business especially in a country like India were theoritics and degrees are more valued than practicality, people doing mbas spending 12 to 20 lakhs to work as a crm in banks for 20K per month 😂😂 what a joke is going on in this country and its education system all business
This is such a serious topic that i was so eager to look forward to. Its such a cruel law, in my family, theres barely any extra money due to such high tax rates.
Edit: I do not think that it is a cruel law but just an awful system for middle class people. According to my family circumstances, it has been cruel.
I feel that in our country there should be a higher percentage for people paying the tax since people want India to be like any European country you’d heard of yet they don’t look forward to co-operate. I don’t blame the society completely however I suppose government needs to show sort of efforts too.
It’s either the lower-class that receives its needs or the upper-class who gets their wants, both fulfilled by the government.
Do feel free to remind me about any mistakes or corrections. I would accept my mistake, thank you.
Taxation is a cruel law?
@@AbhiandNiyu I think so because equality is inequality indeeed
Thare is no tax for poor people whose income is below than 6 lakhs per annom
@@himpay But gst system is wrong. Think one person earn ₹10,000 per month and another person earn ₹100000 per month but both of them pay same gst.
@@PrashantKumar-cn1fjno
I paid income tax 50000 per month, but no benefits. I am belong to poor family, I have done too much hard work to reach in this position, I am only single earning member in my family. I do not get any benefits from government.
Absolutely correct. I saved 6.50 lakhs in 8 years and spent that entire amount in just 3 months in medical treatment. Now i have nothing left for further emergencies.
Bro really?
@@dragomegaman3711 yes brother so stay healthy be carefull with your bad habbits. Of course no one can say what is going to happen with us but why invite diseases by consuming unnecessary things.
No health insurance?
@@narzarybwrai what about medical insurance? State/central insurance?
Have any of you tried claiming medical insurance. Try claiming it🤣🤣.
As 16 year i really loves your videos because it is so easy to understand any complicated topics through you.
Me too 16 years
@@DevDivanshu abe padai kar class 11 bohot tough hai.
@@Babu777bhaiya kyu kya hua commerce li hai abhi tk 85% aa rhe hai saare test mein apna dekho
@@Babu777bhaiya😂😂
@@shibainu7500 aise jhukto ko aisa hi krna chahiye
Pls make video on Sebi new rules regarding margin, cusa charges. These rules are very difficult to implement and investors or traders up to 5 lac are not able to trade because of high expense. Pls do research and make video. These types of rules never present in old market i.e Dow Jones.
Interesting! I didn't know we have such a mature audience
@@AbhiandNiyu tere paas hai tereko pata nhi hai lekin hai 😂
@@AbhiandNiyu yes
@@AbhiandNiyu ❤u bhai
@Abhi and Niyu it seems Abhi and Niyu have started supporting Congress by making anti Modi anti BJP and anti India videos
Why government don't have people like you who think like you to change the country for better tomorrow. All the content created by you guys adds lots of value. All the best for future content.
Please share this with the leaders of India to let them know the pain of honest tax payers
They know it already
@@bulusuchanakyachandrahas7380 Yes, they are the First to Evade Tax 😂😂😂.
these things are bumlshit okey u have to (work hard > do bussiness > pay less ) i can say the same thing the zomato guy has money to buy the motorcycle but he dosent have the money to invest and start the dropshipping bussiness. ( soo correct ur mindset the only thing u need is infrastructure when u look good u feel rich and that is necessary)
@@bulusuchanakyachandrahas7380 ya I know but actions are required, accountibility is required. Pressure can be built by these well known creators...
Abhi and Niyu. I am an honest tax payer in India and have been treated like a slave in my own country. Abused by corporate companies to the point of crying and abused by finance companies for not paying a small EMI because my salary was on hold for 1 month.
I am pretty much aware of what you are saying and making people aware of the tax payers situation in this country.
However if this country really did care about the honest tax paying individual, they would have created reforms a long time ago.
As far as Indians moving to other countries and paying taxes - They pay taxes because the Government of these countries provide them free social security, free healthcare, unemployment insurance and many other perks.
We - the abused tax payers are servants of our own country, have elected people who act like they own us.
But there is no point in saying all this, because change happens from a mindset - which unfortunately will never happen in India.
In foreign country govt atleast treats people as human and in our own Country if we want to start a small shop small business then every govt dept tries to harrass and loots for each and every documentation, without bribery not possible to get any faciltiy and Police and Govt Hospitals treats people like Street Dogs
Yes, you're right. Even I pay taxes but do not see any facilities. It's very disappointing. And a great motivation of settling in abroad
Well said!
This is why we evade taxes in India.... Because we don't get any services from the govt
@@peterparker9954 and this is why having a business is a far better option than being a corporate slave ... But running a business is easier said than done
Hi Sir, tax should be taken not only from farmers earning more than 10 lakh profit yearly but also from medicals, doctors and private schools.
Yes, it should be
And he is saying the same
Yes sir , i am a doctor working in govt hospital and paying tax every year plus not paid as per my dutues
What about politicians who earn lakhs from their farm houses.They never pay a pie as tax.
Doctors already pay taxes, wtf are you talking about
@anshumansahoo4869 doctor take fees in cash and evade taxes...same applies to lawyers
Superb...such a clear fact analysis.
This is an eye opener for the government as well as citizens...
Kudos to your knowledge and urge to explain it to society...
Definitely a great one... Would like to see part 2 of it which would involve expenditure of tax collected like salary of bureaucrats, politicians and their pensions, distribution of tax money among centre and states, administration expense of both centre and states, etc. Definitely a vague subject but would love to see one from you guys and much needed topic.. great, keep going...
these things are bumlshit okey u have to (work hard > do bussiness > pay less ) i can say the same thing the zomato guy has money to buy the motorcycle but he dosent have the money to invest and start the dropshipping bussiness. ( soo correct ur mindset the only thing u need is infrastructure when u look good u feel rich and that is necessary)
Good point
I love how they just don't tell about only problems, but make sure to recommend some solutions❤❤❤
Big Salute to you guys. At least someone is raising a voice for us. Trying to Educate people
I am very disappointed....we work day in day out...get nothing in return for the taxes paid... govt. has failed to provide affordable medical facility....medicine prices are going through the roof..
"we are sowing the seed today for the fruits of tomorrow" .... My respect to you broo♥️♥️🔥
And this is also our India where people are sick but still make videos for us
Edit: Thank you Abhi and Niyu
I still feel hopeless for our country. this tax abuse is happening at a very large scale from local businessmen to MNCs. How can we stop it?
Man iam doing college to get job just to pay such taxes for nothing iam fked
Let's be realistic. India will never be a developed country in it's lifetime. Even if India grows, it will get stuck in the middle income trap forever. India will also face major resource shortage due to overpopulation and face the wrath of climate change. India's resource base isn't large enough to support an economy too large either. Also the West and China can sabotage India in a jiffy if it grows too much. Also most Indians don't have unity and are still backward minded and tribalistic. Corruption and being unethical has become so deep rooted that it's become impossible to fix it. Also, the number of talented Indians leaving India is increasing at an alarming rate every year and many of these Indians who left India brag about India being the next big thing which is extremely comedic. To conclude, India may improve in some areas, but it always stay a corrupt 3rd world uncivilized sh8hole. Hence, forget your dreams of being a developed country pa jeet. India is an utterly failed experiment.
Adios
I see in comments section that many countries likes Australia, Qatar, Sweden, Finland etc are giving free healthcare and education to citizens. When we will see this change in India.
Thats why my family is thinking about shifting to Australia by citizenship by investment program.
I want to point that even though countries like Sweden,Norway, Iceland etc charge 55% or more taxes you actually get its benefit. Every citizen get free education, free healthcare, free electricity, students & unemployed get allowances etc.
So these countries higher taxes really are not that high because almost everything is provided by government for free
By population if government started giving unemployment allowance, India will get bankrupt
@@MugenKami99 yes , govt cant afford to pay for 1.4 billion people's Expenses, they have other concerns also such as Infrastructure, providing facilities like taps wells electricity to Rural areas and even in some urban areas , providing CGHS and other health care facilities for old age citizens, and they also have fill up their pockets with a little Extra income 😜 not only occasionally 😂.
If they india gov start guving these things for free India will Bankrupt
In India govt is not the only problem citizens is also a problem even if govt do something good citizens will oppose it its India mindset
(Sorry for english)
@@MugenKami99 Allowance only if you give 50% of your income as tax
As mentioned medical emergencies can turn into a nightmare for many middle class people. But also to note that hospitals and medical professionals are the loop holes for taxes, where they ask to pay in cash, charge additional amounts, Doctors i dont know they pay tax but still can buy a BMW?. Today the quality of treatment is also not as per what the poor people pay for their loved one's. A topic that needs to be looked into..
Hahhaahha
U are talking about just 1 percentage of medical professionals bruhhh
Literally 99 % are still regretting why they choose medical line , as a carrier soooooo , overworked , less salary , no security , no work-life balance 😩😖 working 100 to 120 hours a week.
See this and speak okkk
And it takes 15 to 20 years to become Fully fledged doctor , so understand these things 😓🙁
This video is a voice of Every Middle class Indian
Glad someone made this video on such a important topic.
The common discussion I hear with people I work with is how can they leave India and settle abroad for better opportunity.
We have no problem paying 30% tax but in return you literally grt thenga…
Thanks Abhi and Niyu for great and informative video. Kindly make this as series for how honest tax payers can save money even after paying taxes by covering the various section of our country's tax system. Keep up the good work.👍
Love all the series that you people make, you explain complex topics very simply and in an interesting way, this is a huge problem in India, we need to tax more people and rich farmers too and there's a need for stricter laws regarding tax evasion
We have to pay taxes to help the country run smoothly (police, court, infrastructure, govt authorities, walfare schemes, health care, education, military etc). Now its a different story that corruption eats aways most of the benifits 🗿 and I think we should charge income tax from unorganised sector and farmers above a threshold value. Govt should use presumptive taxes so that unorganised sector will also maintain proper accounts and audit them to lower tax liability
Kudos for making a video on such a relevant topic. Salaried People pay taxes but hardly know what to expect.
4:20 Tax on Toyota vehicles like Innova and Fortuner is 28%. Cars that are CBUs (Completely Built Units) that are imported from foreign countries do have a tax higher than 50%, but it's called Customs Duty. They attracted 60% earlier, now revised to 70% duty
the same cars are given to politicians for free LOL haha
@@soorajtr6692 That's not really where I was going but okay
It's a good thing...fortuner is a luxury. And it's not bought by salaried employees
You totally forgot about the surcharge. The maximum income tax in India is not 30% but 37%. It used to be 42%, but the maximum surcharge slab has been reduced in this budget. After the 37%, people still need to pay all the GST and service taxes, making their overall tax burden far more.
Yesterday a message came from Indian government that the last year we got the tax of 15000and the government told us that we will get a discount of rs 5000 and we payed 10000 in the tax office after the year yesterday we gat message that you have to pay 20000 and that your last year dicount was not recieved by Government and now you have to pay 20000 first 15000 for this year tax and 5000 for last year dicount that was not recieved from the government so give as the solution it's a big problem for us😢
There is no words for your content sir..
I love your way to understand for fan's ❤❤
Yess.....you are right!! 7:56
You should make your next video on the great Indian brain drain. I am on my way soon to work as a physician in the USA. And as much as I love my hometown and my India, it pains me to realise that my country was the one to push me away. My grandparents and parents served in the armed forces, they still pay their due tax but still their children could not study medicine at the institutions their money actually helps run while those of the reserved class have the privilege of studying free because of the taxes our families paid for years. The Indian middle general class, with big dreams and hardwork but not enough money to pay for private colleges are the most oppressed by the government here. We may seem like a small number in 1.4 billion but carry a huge economic prowess. Me and my wife will leave soon like so many of our colleagues and high skilled professionals.
Thanks to Ambedkarites who are backing jiski jitni abaadi uska utna haq
@@amritraj3601 He make the reservation laws based on the situations that time, those laws can be changed anytime by the current gov, so please ask them why they're not doing it for the last 11-12 years. I seen reserved category people with a bank balance of 1-2 crores have multiple income sources, big houses but still enjoying their reservation benefits for generations 😑🤷. those who're from bpl category should be given priority but not the one's who're earning more than tax bracket and have multiple properties everywhere
@@arghyadeep5738 i have seen people with 50 lakhs annual income holding a BPL card. Now tell me what to do ?
@@arghyadeep5738 95 percent of Direct Tax payers are from General category. Most of these general category Tax payers have just 1 or 2 kids.
This is the major reason why Government doesn't contemplate their issues .
On the other Hand
90 percent of subsidies are being given to BHIMTAS/MULLAS, who account for more than 80 percent of vote bank for politicians.
These Bhimtas / MULLAS consider themselves as Mulnivasi just because they have half a dozen kids and openly backs genocide of TAX payers.
This is the reason why all the General caste tax payers must organise themselves and unite.
If not now ,then it's too late.
@@amritraj3601 don't argue like stupid non educated person, Hindu population is much more than any other religions in this country. and why not ask your beloved leaders to close all the reservation facilities from them? there's nothing wrong to pay taxes but where's the benefits? after spending huge taxes we still have to face road accidents due to potholes in public roads, highways. absolutely 0% care facilities in gov. hospitals and all. may be you're brainwashed by whatsapp University graduates so it's worthless to argue with you. bye
Goverment should provide benefits to tax payers like they give priority or benefits to army person or government employees. Like reservation in public area irctc booking, reservation on education, reservation or priority on all government or private facilities
Thank you guys for covering this topic. Being a tax payer i always regret paying tax all these years.
The Culprit is
P Chidambaram, the former finance minister showed his income as a farmer, who cultivated cabbage in the balcony of his house
Everytime i hear in ur video, " If in future any of our audiences turn out to be an ias officer or irs officer... ".. Abhi n niyu either of u can turn out to be one. Infact i hav more trust of u than any of the people i see today in those posts.. Lots of love❤
As a person paying income tax and also indirect tax as well , i only want two things fom govt "best health system and safe city" thats it baaki hum dekh lengy
5:40, wo nalaayak nakaara beta peaceful hai India mein
I studied all these concepts in economics during my UPSC preparation days in delhi...and you both made me remember and helped in revising these parameters today...thanks for the whole informative video guys..!! 💯
Abhi kya kar rha hai aap?
Great work !! Proud to be Indian but when it comes to basic needs (Education, Medical, Law) I still think let's move to Abroad. Can you please make a video on Education ? Education cost is very high, load on students and parents are very high. After paying this much money to school and college, there is no certainty that their future is secured or not.
Apparently you would require 15 20 lakhs to get admission in a foreign university like one in Canada , you need 15 to 20 lakhs to complete your studies from a good college in such a country.
@@RonnyS.1900 In India you need to pay thousands (lakh for upper standards)of Rs for your child from LKG. After 15 years of school education, you need to pay for universities as well. In India if you want to study in good universities IIT IIM VIT you need to pay 20 lakhs. And point to be noted here is you earn in Rs not in $.
@@mittalpatel6887 education is very cheap only in nordic countries . Even developed countries like japan ,south korea ,US and Singapore have very costly education.
There is nothing to be proud of in this country
Education in Canada is expensive as well. The only thing that Canada has is that you are able to take a loan provided that your parents don't earn well over $100,000. So it depends on what your parents earn but sadly the gora culture is that they are not all attached to their kids because they usually let them go once they are over 18 and tell them to earn for themselves so not all kids get this benefits because they can't take a loan because their parents refuse to help them.
Please comprehensive videos on education, healthcare problems
I learn a lot from you....I am just 14 but can understand everything so smoothly like never before...thanks to you Sir and Ma'am ....keep teaching me like that 😊😊 waiting for another video of this series
This was really eye opening because we don't get
to learn allthese in schools and colleges which
we should be actually. So Thank you guys
Much love!
❤❤❤❤
Basically, your ideas of punching the loopholes in our mindset will bring multiple changes in the society. Doing great work. 👌
So there is no way to get out of the middle class in India
Moral of the story - paisa kamao desh chodo 🛫
One of the best channels delivering quality content with simple explanation 👌
Supporting thid video even when I know nothing will change for middleclass
You never know my friend, you never know
@@AbhiandNiyu 😂😂😂hame kabhi pta nhi chlega.....
@@AbhiandNiyu by the way sir do you know ladakh mountain top lifi communication test world first by wangchuk sir
@@AbhiandNiyu thank you for positive comment. Atleast i expect, medical insaurance for family and some discount in school fees.
@@AbhiandNiyu can't understand why you are making such anti Modi anti BJP and anti India videos
For working professionals in india many STATES do charge "PROFESSIONAL TAX". Hence now these professionals working in corporate sector have to three taxes, 1. Professional tax, 2. Income tax and 3. Consumption tax like GST.
Nothing can be changed for the middle class people but still kudos to ur work for enlightening this issue among people
I am officer in CAG and i am doing my bit to save public money leakages.❤
are you really in cag ? or just typed to get likes and praises ?? if you are really in cag ... i dont mind your post ... just tell me somethings that you dont like in your workplace and how are you trying to improve them ... and what things you like there ?
Thank you for your services ❤
Thanks for such an informative, eye-opening video. In INDIA honest tax payers have to pay 2-3 months salary as IT, which has resulted in so much frustration among the salaried people, whereas, private businessmen and rich farmers are evading IT. So, my suggestion for improvement -1) Only 1 month salary should be deducted from employees whose income is above tax slab, everybody will easily agree ,.2) Income Tax limit should be increased upto 1 cr./annum 3) By collecting Indirect Taxes only ,thank you.😀
Aaj bhi Bangalore and Hyderabad are not metropolitan cities according to the Central Government 😂😂😂😂
Great to see all the conerns highlighted in such perfect systematic manners. Really hope things improve significantly on these matters in India ✌🏽
This video is an absolute gem..I can understand how much effort would have gone into making this so simple yet very effective..Keep going!!
Appreciate your talent and sharing this valuable information to all of us. Your hard works really shows in your videos. No doubt you are the best youtubers who bring problem with solution on the table with utmost positivity
This video needs to get viral so that someone from our govt get noticed about it.
Criticism simplest. Telling faultless solutions toughest.
JAI HINDU RASTR BHARAT.
95 percent of Direct Tax payers are from General category. Most of these general category Tax payers have just 1 or 2 kids.
This is the major reason why Government doesn't contemplate their issues .
On the other Hand
90 percent of subsidies are being given to BHIMTAS/MULLAS, who account for more than 80 percent of vote bank for politicians.
These Bhimtas / MULLAS consider themselves as Mulnivasi just because they have half a dozen kids and openly backs genocide of TAX payers.
This is the reason why all the General caste tax payers must organise themselves and unite.
If not now ,then it's too late.
12:14 p chidambaram ☠️
This is awesome analysis and its really frustration for tax payers..Guys could you please put up a video for education fees that are being charged in non metro cities like Hyderabad nothing is less than 1 lakh even for pre primary government is not doing anything they are not putting any limit...They are looting..
Felt like somehow ge is blaming govt while defending govt 😂😂, but still its we middle class salaried ones gets to suffer here😢
Wow it's surprising to see even Pakistan and srilanka treat their tax payers better than India. We definitely need to improve on this aspect
Pakistan really? please go and watch videos of a person named Arif Ajakia who was once upon a Time a Mayor in Pakistan he'll literally show how good is the Pakistani govt with it's own.atleast 4 provinces are demanding independence go and check about the situation of Pakistan and then praise them we may not be the best in the world but atleast we're not a failed state atleast our economy is doing better than the whole world which is something to be proud of you will not like it because you're among those Indians with slave mentality
I wonder how India would change if the government were in the hands of abhi and niyu ❤️🔥
Atleast govt. Should implement something by seeing there videos
Solution oriented content - wonderful initiative 👏👏👏
Very well researched, written and presented.
Income tax payers as a percentage of population sounds a bit skewed.
It would be interesting to see the demographics of household income and tax paid - both direct and indirect.
The main issue is that tax exemption limit has not been extended for 10:years.whereas income has increased manifold due to which tax pid to salary ratio has increased manifold. I mean to say earlier 10 to 20% of salary goes to tax but now 150 - 200% salary goes to tax.
Thanks for bringing the reality to everyone.❤👍
Thank you so much 😊 for this video ...
As A CA student it is really helpful that we get the knowledge in this simple language and with your practical examples it made it so interesting....
In previous video i requested tax topics 😊 and you liked that comment and implemented 😊 thanks abhi sir and niyu di ❤
You are gem 💎
12:04 P chidambaram 😂 Congress 😂