It is good to remember, how much Mr Pai supported Modiji 10 years back. Time is still there to change the policies. Corporates pay less tax that middle class. I appreciate Mohandas Pai to show the balls to.speak.againt the government.
Corporate generate the job hence less tax the earning from that corporate are paid by the people. If corporate pay more tax then they will move out to a country which pay less Which in turn leads to less job
She will do ..because she doesn't know what she is doing. She is run by burecarts who are the real culprit and they don't have innovative ideas to collect more money other than putting more taxes on salaried class
Collegium system is worst of worst where merit has no meaning, but the lineage. And recent SC ruling is so atrocious that will be ripping apart social fiber of the country while 'Sanatani' government is silent. Ruling on today, 29th January in one of the cases reported in Times of India, state that that the husband has to bear support of the child even if wife bear out the child out of adultery and DNA test will not be allowed. Few days back, SC ruled that wife can live alone without husband and husband still has to bear full support to the wife. Now, combine the two ruling and you can see that wife can live with someone else and also bear a child from him and the husband has to support both of them. This blatant mockery of constitution and religious and social fiber of country and such blatant laws are not present even in the developed countries. Boycott SC, boycott Indian collegium system.
Maybe puppet. But her performance still makes here the most beauraucratic FM in our history. She shd exit policy and get herself a job as an undersecretaryin FInnace ministry. She is better suited for a clerical job.@@ajaxajax2379
The sad truth is same crowd will never turn up to vote during elections and hence govt hardly cares for salaried class. The vote figures will be diff if the salaried class start voting
i think you are not aware. the same class when voting does not vote on these issues but issues of religion. and Govt has delivered well lol on religion for such ppl. Having got religion now they want to crib abt quality life lol. this is cheating by middle class lol . simple. but no one will clearly say this .
Direct text prayers are only 3% of the population and they are scattered all over India, and I think most voted for bjp 😂😂😂.... So what change are you taking about, RaGa is worse
Great video!! I'm beyond excited. I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
Wow 😱 I know her too, Laura Lynne Demert is a remarkable individual who has brought immense positivity and inspiration into my life. Her unwavering wisdom has been a valuable asset, enriching my journey in countless ways
It’s time to address a glaring issue: the way the middle class is being burdened to subsidize the so-called poor while the super-rich seem to have it easy. For the first time in India’s history, corporate tax rates are lower than individual income tax rates. This is not just ironic-it’s a shameful imbalance. Why is there a 30% tax bracket that applies equally to someone earning crores of rupees and a middle-class individual earning ₹15-50L per annum? This unjust system hits the middle class hardest. The very group that forms the backbone of the economy-contributing the most as salaried taxpayers-is being squeezed dry. And what are we getting in return? Fewer benefits, higher inflation, and increasing costs of living. The middle class is standing by because they see no real alternatives, but their patience is wearing thin. It’s high time the government acknowledges and rewards its highest taxpayers fairly. Policies must evolve to reflect a progressive tax structure that genuinely considers income disparity. Let’s call for a system where the tax burden is distributed equitably-one that stops penalizing hard work and starts respecting the contribution of the middle class to the nation’s development. If this imbalance continues unchecked, the growing frustration of the middle class will no longer be ignored. It’s no longer just a matter of economics; it’s a matter of justice !!!!
Because bussiness know how to grow and earn more tax for govt. what will individual do pay same tax year on year even after 20 years. only thing she should do for middle class is recoup the GST paid against the tax already paid so that there is no double taxation on middle class, who are already paying taxes. Lets say I pay 2L GST on my car, I can claim it against my income tax paid, because I have already paid income tax. Same for petrol, electronic item or any other item I pay GST
The amazing Mr Pai logic, Everything is terrible in India but nothing is Modi's fault and every little achievement is only because of Modi. Modi is the boss and the buck stops with him ! HNIs didn't leave India this year, it's rising for 10 years. Middle class bearing the burden didn't start suddenly, it's happening over 5-7 years specially post the disastrous demonetization. Of course it is Modi's mismanagement
I think you are not understanding him, or you are ignorant. I live in Bengaluru, this city is managed by the state, so the living standards is down because of state government. On taxes I agree we have ridiculous tax slabs. Bureaucracy is the main issue here which nobody wants to talk. No one can control it that is the issue. Demonetization was a good move to clean up the cash flow.
@@VikasJaink Another whitewash. Maybe you should have said... Tax issues along with all the other issues are because of NEHRU !!! BJP has been in Karnataka for 50% of the time. Modi comes and asks for votes in his name but then doesn't take any responsibility for the failures? He, just yesterday, made a speech in Delhi asking for votes in his name promising a double engine government then will he take blame for the failures too? Demonetization cleaned up cash... what a joke. All it did was legalise all the black money and now there is 2 times more black money than pre demonetization. No wonder even the BJP doesn't mention it anymore. But to be fair, Modi basically has very little choice now. With the current world and Indian economic situation, to balance the budget he has to extract as much tax as he can and so cannot afford to give any sops. But poor and incompetent Nirmala tai is the perfect scapegoat. Just before 2029, he'll give some tax breaks and everyone will cheer.
That's easier said than done..every country has limits to number of immigrants they allow into their country..only. handful can actually succeed due to visa restrictions and in the future it will get even more difficult
He's not attacking pm as he's afraid. Why he's not responsible, as he's heading the government. Also he's not going to public to understand the sentiments. He's surrounded by some pupptets who's hell bent on praising their king., and the king is living in a dream world and doesn't understand the reality
For middle class in big cities 2 bed room Rent is ₹45000/- pm and two school fees ₹5.lakhs and food and other expenses ₹5 lakhs total ₹15 lakhs needed but 30% tax what remains. Let every year $ 1000 per month equivalent should tax exempt instead calculating how much exemptions needed for middle class.
The FM is penalising us with more tax because we voted for them. Budgets means fear for middle class because we are worried about additional tax. The biggest problem for our democracy is that we are having politicians who are not having basic knowledge of economy and real life situations. People must have the right to recall them if they are not performing as per the promises
I dont know which slab i am in but the tax burden is crazy inspite of me paying fees for a good school, health care, toll roads, high fuel prices, inflation, traffic Jam. Sometimes i want to quit just to take revenge on the government.
Sir people like you should be in Rajya Sabha, should lead the country forward you should think about having a bigger impact on our country, have been following you since long.
Middle class is of no use to any political party as we are nominal in numbers to the overall vote percentage and that is the bitter truth. I appreciate Mr. Pai sharing pain of the middle class but unfortunately nothing is going to change 😢
@ sorry Shaktimaan😂 I guess UPPER middle class are still are still tax payers. And even everyone no matter what class , everyone is paying one or other kind of tax’s (GST, sales, sawach Bharat )which are crazy and people are feeling the pinch. That’s all.
Such heavy taxations are present only in developed countries where there is surplus job opportunities and minimum wage is confirmed on hourly basis.. You cant try to implement such taxes on developing countries like India... If you put 50-60rs tax on a food ordered for 200rs what kind of taxation is this? Pure torture..
Three decades ago, an elderly person once told me that British period was better for middle class than independent India as far as daily struggle is concerned.
Because he was happy doing gulami to his white boss. He did not see when it means to be self respect. The mindset continued for first 50 years after independence and it slowly died now.
I can recall Mr. Pai being extremely supportive of the Modi government in the initial years.... I am glad that he now sees the government for what it is and is not afraid of talking about the things that are not working in the country.... After all, we all get a chance to rethink about our choice every 5 years. Thanks Mr. Pai for not talking like a typical rich corporate leader we hear from these days, all of whom are the only ones making money out of this pathetic environment that has engulfed our country.
The FM doesn't take the suggestions from anyone it is a absolute shame for the government we the citizens are been looted we end of paying 46% tax in our daily needs
If this time there is any tax increase. I will quite my job and be a beneficiary of government beneficiary of free electricity, jobless benefits etc and will sell my vote...
A few things to ponder 1. Agricultural income is tax free. About 2400 persons earning agricultural in come more than 1 crore get tax free income 2. Central Govt employees get DA which private employees do not get. DA is also increased every few years 3.GST rates are too high for many consumable durables which is unfortunate for middle class. They should be capped at 25 percent 4. There should be No limit for medical and education expenses which are now capped at very low levels Excellent interview
There is massive corruption within the gov. especially at the state and local (tahsildar, RTO etc) levels. If any actions are taken to eliminate or even curb this, India will progress fast
@@redpillsapien2621 What you are saying is right, I am also a part of the salaried class. I am lucky, that I have figured out an escape route and I am leaving for Ireland in a few months. Things are only going to get worse from here, you better find your ride.
No one in present govt has deep knowledge of indian economy and finance. Some thoughtless decisions are taken with half knowledge and reluctant to accept expert advice.The only blind decision is to raise taxes in every GST council meeting.
If BJP don't sack finance minister for horrible job, next election BJP is going lose horribly may get 40 seats or less. PM should correct this immediately otherwise he lose all middle class voters
It's not just high taxes but total unpredictable laws and ways in which officials randomly send notices claiming unpaid taxes in lakhs and chores. Even if we know they have no basis, u have to pay 20% just to appeal. Why would anyone risk opening businesses in this environment. Only those who can "handle" the officials can open businesses!!!
Too high a portion of what we earn goes as taxes. Too high a portion of what we spend goes as taxes. Taxes are not synonymous with economy. Letting people keep more of the wealth they create and to spend as they wish is closer to the real economy, rather than the government taking a larger and larger chunk and spending it.
Follow these steps. 1. Stop paying taxes. 2. Tax department arrest you. 3. Motivate crores of taxpayers to do this before you get arrested. 4. When they listen and follow, there will be chaos in the tax department. 5. Tax department will back down 6. You will be released.
It doesn't happen the way you said....😂 1. Don't pay taxes 2. Your savings and investments will be frozen. 3. Few people will give up 4. And you will be keep fighting in court to unfreeze your account and finally pay 3 times the penalty
@chetanmalhotra26 2. Investments will be frozen 3. Tell my other mates to take back all of their investments and then stop paying taxes 4. We will spend time in jail together also motivating crores of taxpayers to do the same 5. Tax department finds out 6. Will withdraw their tax notices and release both of you before it becomes too late
🩴Modi ki mehngaai se pareshaan hai. ❤️Arvind kejriwal🇮🇳 janta ka paisa janta ko suvidha mei de rhe hai aur budget bhi munaafe ka hai, suvidha dena achi baat hai. 🇮🇳❤️Arvind Kejriwal IITian Prime Minister bne🌞
Middle and lower class people avoid and close MF immediately due to high tax and low returns. LTCG tax in MF is zero, then 10 % and 12.5% now. In future they will increase up to 30 % by government. Only corporates and government benefit. Tax Terrorism by Modi government in india.
School fees has gone up but the salaries of teachers is stagnant to be around 8-10 thousands per month in preschools and 13-15 thousands in middle schools. Fees in Preschools is are 65-75 thousands per annum. I hope media will investigate into salaries of school/college teachers and their unsecured jobs in private schools/colleges who are squeezed of the blood of teachers and mentally tortured by authorities of institutions.
Well leaving country due to high tax, may sound little gross, but that's the reality of today's time. But is this just because of taxes only? No, it just not tax. It's more because of injustice that a middle class faces everyday. I am working hard to give my children a good life but I am helpless to give them fresh air, I am paying my hard earned income as taxes, just to get it distributed as a free gift for politicians vote. Urbanization?? In the name of smart city, we have just put enormous amount of tax payers money just to get shoddy cities.
Please please please remove GST from premium of health insurance policies that middle class buy every year for family or parents, first pay income tax , then pay GST on Health insurance that middle class buy, and all the more if you occupy a room in a hospital which cost Rs 5000 per day, you have to pay GST on hospital bill, shame shame shame SHAME SHAME SHAME SHAME
All political parties have the same formula. They don't care for the middle class, the rich, the ultra rich. 79-80% people are poor. So, freebies will buy them votes. All are responsible including the Gujarati PM who knows nothing but money. Modi has destroyed our desire for a better life. But there are no options - rest are dacoits, we vote for Modi not because of love but because there are no options. Modi's popularity has gone down. As I said Modi is just buying the poor to remain in power for BJP.
All FM in this country have been sucking blood of middle class salaried .... all the taxes are being loaded and loaded on to it.. income tax, GST, Road Tax, Toll Tax, Educ Cess Tax, Luxury Tax, bloody Tax and yet nothing given to these Tax Payers.. its like Give them Nothing but take frm them everything
Mr. Pai, your point on 5000 census towns is highly perceptive. I explored this subject in some depth in my book, 'Structural Innovation for Inclusive Development in Bihar-The Navodaya Shahar Model (Academic Foundation, 2012). This strategy entailing a 'tripple bottom-line approach combing asset augmentation/enrichment, income generation and access to human development services must replace the current race on disparate 'freebies'. Achieving the goals of Viksit Bharat will not be possible despite rising incomes unless such strategies are adopted to host masses in dignified and enriched habitats. Please lead an advocacy campaign to transform policy along these lines.
very well said ...Middle class people work hard & political Governments feed poor with free bees and No goodies to middle class who pay direct & in direct taxes _ not even proper Roads and erratic water suppy & some places erratic Power supply - so sad
We have an FM who is totally clueless and disconnected from reality, pathetic situation for the middle class
She is just doing what her bosses and babus are telling her to do..
@@zest6932 Then ask that useless lump to resign.
PM is her boss
@zest6932 No. She is more into her bureaucracy. She has clue. Popcorn tax. GST on health insurance. Bureaucracy kills.
Nimmi Tai for World Economic Advisory Presidency
It is good to remember, how much Mr Pai supported Modiji 10 years back. Time is still there to change the policies. Corporates pay less tax that middle class. I appreciate Mohandas Pai to show the balls to.speak.againt the government.
Corporates pat less tax? Do you know the fact?
@@SV-wu2mylook up recent stats before spouting nonsense
Yes it's a fact @@SV-wu2my
Corporate generate the job hence less tax the earning from that corporate are paid by the people.
If corporate pay more tax then they will move out to a country which pay less
Which in turn leads to less job
Exactly !! Situation is because of the dalals.
If you can’t change your country. Change your country!
@@prasanthpaul9714 Not possible for every one,70% of salaried class live paycheck to paycheck.
@@ajitkr8233but they are not paying that much tax anyway
change the FM
The problem is people in jobs they are not qualified for
Chutiyaa spotted...you have only one country and other places, u are refugee.
Last week I got my scooter serviced. The GST on some of the components charged was 28%. Are components of a scooter luxury item ? Ridiculous.
its not tax on you actually its on component because its enjoying the service . since component cant pay the bill is passed on to you lol.
Get helicopter, 5% GST
Thats acche din tax 😂
What power do you have?
In a country where 80 crore people live on dole outs (5kg ration), scooter can definitely be deemed luxury 😀
I won't be surprised if FM further increses the tax rate to do a cruel mockery of salaried middle class.
Not FM its PM who is behind everything
Why just the middle class, tax the fuck out of the poor as well. Introduce a flat minimum 2% tax for everyone.
Salaried middle class ? tax free upto 7.75 L. How brainwashed you people are !!! Just easily fall for SM narratives 😂
She will do ..because she doesn't know what she is doing. She is run by burecarts who are the real culprit and they don't have innovative ideas to collect more money other than putting more taxes on salaried class
She may not disappoint you
First of all 2 months yearly vacation for judges need to be revoked
Whole year itself they are not working with one case they will hear bail for another one year .
Judges are pretty much useless
Collegium system is worst of worst where merit has no meaning, but the lineage. And recent SC ruling is so atrocious that will be ripping apart social fiber of the country while 'Sanatani' government is silent. Ruling on today, 29th January in one of the cases reported in Times of India, state that that the husband has to bear support of the child even if wife bear out the child out of adultery and DNA test will not be allowed. Few days back, SC ruled that wife can live alone without husband and husband still has to bear full support to the wife. Now, combine the two ruling and you can see that wife can live with someone else and also bear a child from him and the husband has to support both of them. This blatant mockery of constitution and religious and social fiber of country and such blatant laws are not present even in the developed countries. Boycott SC, boycott Indian collegium system.
A 1st class school student goes to school more number of days comparatively ...with number of days the judges go to courts😅
After failed demonetisation modi got so much trauma that he is in now fear mode.
He is the voice of honest taxpayers.
with all due respect where was his voice when government was for last 10yrs sucking blood
Shame on government and particularly finance ministry. She must resign.
Resign? She isn't an elected member yet, she was made a Rajya sabha member by Modi. He thinks she's indispensable.
shame on Modi, who is not bothered with high taxes....he is busy planning for freebies....
@rajendrajasathy4356 , he claimed to be against freebies. Like many other lies even this is a big lie.
Sitharaman is the worst FM - useless
Puppet minister not elected by the people, simply placed there by PM Godi
PM is worst. He is putting her in seat from past 3 terms as she is not reachable and not elected by people of india
She is just a puppet. Real BOSS is modi and adani
Who is Nirmala. Modi is my FM.
Maybe puppet. But her performance still makes here the most beauraucratic FM in our history. She shd exit policy and get herself a job as an undersecretaryin FInnace ministry. She is better suited for a clerical job.@@ajaxajax2379
The sad truth is same crowd will never turn up to vote during elections and hence govt hardly cares for salaried class. The vote figures will be diff if the salaried class start voting
No point of voting coz same people keep hoping from one party to another
That becoz local authorities not include the voter into the list in website it shows area of vote but when go for voting then it is excluded
When did salaried class vote bank mattered? Ever??? Non income tax voters are majority in numbers.
i think you are not aware. the same class when voting does not vote on these issues but issues of religion. and Govt has delivered well lol on religion for such ppl. Having got religion now they want to crib abt quality life lol. this is cheating by middle class lol . simple. but no one will clearly say this .
Direct text prayers are only 3% of the population and they are scattered all over India, and I think most voted for bjp 😂😂😂.... So what change are you taking about, RaGa is worse
Great video!! I'm beyond excited. I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
That is lovely. But if i may ask, how did you come up with so much biweekly?
It's (Laura Lynne Demert) doing she changed my life. A BROKER- like her is what you need.
$_700k and yet still counting on. Laura Lynne Demert is the kind of person one needs in his or her life to be honest❤️❤️❤️>>>>>>
Wow 😱 I know her too, Laura Lynne Demert is a remarkable individual who has brought immense positivity and inspiration into my life. Her unwavering wisdom has been a valuable asset, enriching my journey in countless ways
Hello! Can I start with $3500?
It’s time to address a glaring issue: the way the middle class is being burdened to subsidize the so-called poor while the super-rich seem to have it easy. For the first time in India’s history, corporate tax rates are lower than individual income tax rates. This is not just ironic-it’s a shameful imbalance. Why is there a 30% tax bracket that applies equally to someone earning crores of rupees and a middle-class individual earning ₹15-50L per annum?
This unjust system hits the middle class hardest. The very group that forms the backbone of the economy-contributing the most as salaried taxpayers-is being squeezed dry. And what are we getting in return? Fewer benefits, higher inflation, and increasing costs of living.
The middle class is standing by because they see no real alternatives, but their patience is wearing thin. It’s high time the government acknowledges and rewards its highest taxpayers fairly. Policies must evolve to reflect a progressive tax structure that genuinely considers income disparity.
Let’s call for a system where the tax burden is distributed equitably-one that stops penalizing hard work and starts respecting the contribution of the middle class to the nation’s development. If this imbalance continues unchecked, the growing frustration of the middle class will no longer be ignored. It’s no longer just a matter of economics; it’s a matter of justice !!!!
Middle class subsidize the poor but the ultra rich running big companies
Because bussiness know how to grow and earn more tax for govt. what will individual do pay same tax year on year even after 20 years. only thing she should do for middle class is recoup the GST paid against the tax already paid so that there is no double taxation on middle class, who are already paying taxes. Lets say I pay 2L GST on my car, I can claim it against my income tax paid, because I have already paid income tax. Same for petrol, electronic item or any other item I pay GST
Similarly southern states getting looted to feed north indian bimaru states. That should also change
Too bad the elections are won by populism. I don't expect much to change for us.
The amazing Mr Pai logic, Everything is terrible in India but nothing is Modi's fault and every little achievement is only because of Modi. Modi is the boss and the buck stops with him !
HNIs didn't leave India this year, it's rising for 10 years. Middle class bearing the burden didn't start suddenly, it's happening over 5-7 years specially post the disastrous demonetization. Of course it is Modi's mismanagement
Modiji has said sab changa si (all is well). So we mere mortals shouldn't crib. Pai speaks both ways based on what suits him.
I think you are not understanding him, or you are ignorant.
I live in Bengaluru, this city is managed by the state, so the living standards is down because of state government.
On taxes I agree we have ridiculous tax slabs. Bureaucracy is the main issue here which nobody wants to talk. No one can control it that is the issue.
Demonetization was a good move to clean up the cash flow.
@@VikasJaink Another whitewash. Maybe you should have said... Tax issues along with all the other issues are because of NEHRU !!!
BJP has been in Karnataka for 50% of the time. Modi comes and asks for votes in his name but then doesn't take any responsibility for the failures? He, just yesterday, made a speech in Delhi asking for votes in his name promising a double engine government then will he take blame for the failures too?
Demonetization cleaned up cash... what a joke. All it did was legalise all the black money and now there is 2 times more black money than pre demonetization. No wonder even the BJP doesn't mention it anymore.
But to be fair, Modi basically has very little choice now. With the current world and Indian economic situation, to balance the budget he has to extract as much tax as he can and so cannot afford to give any sops. But poor and incompetent Nirmala tai is the perfect scapegoat. Just before 2029, he'll give some tax breaks and everyone will cheer.
@@VikasJaink are you not blind? Please look at data without political colour.
Awesome conversation 🙌 where opposition should speak in parliament instead they are arguing about caste survey
Everyone were doubtful about sanity of FM until she did a press conference for popcorn tax, doubts cleared😅😂
Honestly it’s best to just leave. Everyone I talk to says “I’m studying/working hard to get out of this country”
That's easier said than done..every country has limits to number of immigrants they allow into their country..only. handful can actually succeed due to visa restrictions and in the future it will get even more difficult
unemployment is there all over the world...
Going overseas is high cost. Not many can afford it
@@sandeep7823 So has the cost of living gone up in many countries & many things are beyond the reach of average income people
@@aosaeanor That is correct,,especially countries like england having hard time in europe...
He's not attacking pm as he's afraid. Why he's not responsible, as he's heading the government. Also he's not going to public to understand the sentiments. He's surrounded by some pupptets who's hell bent on praising their king., and the king is living in a dream world and doesn't understand the reality
For middle class in big cities 2 bed room Rent is ₹45000/- pm and two school fees ₹5.lakhs and food and other expenses ₹5 lakhs total ₹15 lakhs needed but 30% tax what remains.
Let every year $ 1000 per month equivalent should tax exempt instead calculating how much exemptions needed for middle class.
true, the mentality of the government is the problem
The FM is penalising us with more tax because we voted for them. Budgets means fear for middle class because we are worried about additional tax. The biggest problem for our democracy is that we are having politicians who are not having basic knowledge of economy and real life situations. People must have the right to recall them if they are not performing as per the promises
Totally ripped apart Nirmala Tai , exactly to the point, the government that too the FM has been working on lines of a extortionist mafia.
I dont know which slab i am in but the tax burden is crazy inspite of me paying fees for a good school, health care, toll roads, high fuel prices, inflation, traffic Jam. Sometimes i want to quit just to take revenge on the government.
😂
Sir people like you should be in Rajya Sabha, should lead the country forward you should think about having a bigger impact on our country, have been following you since long.
Middle class is of no use to any political party as we are nominal in numbers to the overall vote percentage and that is the bitter truth. I appreciate Mr. Pai sharing pain of the middle class but unfortunately nothing is going to change 😢
+1
Income tax payers are upper middleclass. Middleclass is those earning between 20K to 50K..
@ sorry Shaktimaan😂 I guess UPPER middle class are still are still tax payers. And even everyone no matter what class , everyone is paying one or other kind of tax’s (GST, sales, sawach Bharat )which are crazy and people are feeling the pinch. That’s all.
He is a modi bhakth. He is also responsible for this mess. Now he acts like a good person
I am a bjp supporter. I swear to god.
This time No Vote for BJP
Will u vote for Idiot Pappu
Then who
@@atulseyeit does not matter anymore
Say bye bye to hindu religion
All politicians are same they carry same policy.. better vote Nota
Such heavy taxations are present only in developed countries where there is surplus job opportunities and minimum wage is confirmed on hourly basis.. You cant try to implement such taxes on developing countries like India... If you put 50-60rs tax on a food ordered for 200rs what kind of taxation is this? Pure torture..
Three decades ago, an elderly person once told me that British period was better for middle class than independent India as far as daily struggle is concerned.
Because he was happy doing gulami to his white boss. He did not see when it means to be self respect. The mindset continued for first 50 years after independence and it slowly died now.
Very true.. This is the reason why talented Indian youth is moving abroad.. Shame on our government 😡😡
Are there anyone in BJP Govt. to listen Mr Pai - have doubt. Don't think our present arrogant Govt. is bothered for the citizens.
No nobody watching this. They are busy discussing about different tax on different popcorn
Mr pai was modi fan now crying 😂
I can recall Mr. Pai being extremely supportive of the Modi government in the initial years.... I am glad that he now sees the government for what it is and is not afraid of talking about the things that are not working in the country.... After all, we all get a chance to rethink about our choice every 5 years.
Thanks Mr. Pai for not talking like a typical rich corporate leader we hear from these days, all of whom are the only ones making money out of this pathetic environment that has engulfed our country.
STOP freebies once and for all and start putting income tax on the farmers.
Excellent open talk👏👏👏Working middle group most affected class
Anti middle class BJP government
As a middleclass person, we are very pained with taxes.
The FM doesn't take the suggestions from anyone it is a absolute shame for the government we the citizens are been looted we end of paying 46% tax in our daily needs
Mr.Pai should be the FM of India.
OMG. Did he say Tax Terrorism? Did he criticize Nirmala madam? He is anti-national now
Nothing will happen, I am planning to send my kid out of this country if I cant get citizenship of other country.
All the best
Great brother can you tell the countries name you are planning to
If this time there is any tax increase. I will quite my job and be a beneficiary of government beneficiary of free electricity, jobless benefits etc and will sell my vote...
Till last election he was cursing Nehru and licking boots of government. Now when he has to pay his share of Tax , he is suddenly crying ....
It's nehrus daughter who started "socialitist" India. Freebies didn't stop after that
I think we have the worst financial minister of the Decade
Finally he is taking some sense. Thinking like a citizen and also businessman rather than Andhbhakt ❤
What Former FM Mr.Chidambaram said
Elements of fear among all corporates and all businesses
It's not Modi, but ironically it's him.. he chooses the ones who run the show
What is your Govt. doing, Mr. Pai. I have great respect for you and expect you to talk to Mr. Modi.. I am happy that you have now seen the truth.
A few things to ponder
1. Agricultural income is tax free. About 2400 persons earning agricultural in come more than 1 crore
get tax free income
2. Central Govt employees get DA which private employees do not get. DA is also increased every few years
3.GST rates are too high for many consumable durables which is unfortunate for middle class. They should be capped at 25 percent
4. There should be No limit for medical and education expenses which are now capped at very low levels
Excellent interview
Blindfolded rich supporters now turning critics - because the drop in consumption is hurting the income of these rich.
He is still andhabhakt, he is speaking out just because his industry is very badly hit ..
Your logic is asura logic
He is useless infosys who earns crores and gives 3 lacs to employees 😂
There is massive corruption within the gov. especially at the state and local (tahsildar, RTO etc) levels. If any actions are taken to eliminate or even curb this, India will progress fast
In India, corruption is there everywhere.
Mohandas pai is still a schophant of Modi .. 10 years of misrule and still calls him the best PM
He is a modi bhakth. He is also responsible for this mess.
He is very happy that corporate tax is very low.
Misrule ?? This is the best rule post independence.
Only problem is it is too socialist and he did everything for poor.
Sycophant
CSR funds not reaching the people instead getting transferred to a trust managed indirectly by the directors of the company
Nimmo bai reduced Corporate tax to benefit the likes of Adani even when Soldiers are still standing in Siachen !!!
That "salaried middle class", earns their salary by working in their companies.
@@handsomejack8259 So why not reduce tax for salaried class too , why only for Corporates , is it because they donated to Electoral funds...
@@redpillsapien2621 What you are saying is right, I am also a part of the salaried class. I am lucky, that I have figured out an escape route and I am leaving for Ireland in a few months. Things are only going to get worse from here, you better find your ride.
We lived Mr Pai during Covid ! Biggest achievement of Modi !
Our PM was not called for the President Trump sarkar inauguration ceremony
Great embarrassment for the people of India
😅 you are too stupid
Very good information. Thank you sir 🙏👌👍
Finance minister ❌
Vasooli Gundi minister ✅
Middle class was shown 🖕🏻fingeer by nirmala 😢😢
No one in present govt has deep knowledge of indian economy and finance. Some thoughtless decisions are taken with half knowledge and reluctant to accept expert advice.The only blind decision is to raise taxes in every GST council meeting.
Tax doesn't hurt middle class but lack of facilities for that money and for god sake please stop these freebies, we can't pay for poor.
Mohandas Pai needs to be the finance minister. Period
If BJP don't sack finance minister for horrible job, next election BJP is going lose horribly may get 40 seats or less. PM should correct this immediately otherwise he lose all middle class voters
Regulating school fees and health insurance premiums is need of the hour
The government needs to hear the voices that matter, like Mr. Pai who is speaking the harsh truth which govt. is trying to sweep under the carpet
His opening statements resounds with me 100%. The first opportunity i get to fly out of this country I'll
Strong voice like Mr. Pai to show the Government a mirror.
Thanks to Mr Pai...hope our FM listening
What PM is doing?
If Modi listens, that will be enough. Nirmala won't utter any word if you make NaMo listens. Can you make NaMo listen?
It's not just high taxes but total unpredictable laws and ways in which officials randomly send notices claiming unpaid taxes in lakhs and chores. Even if we know they have no basis, u have to pay 20% just to appeal. Why would anyone risk opening businesses in this environment. Only those who can "handle" the officials can open businesses!!!
just kick out FM and growth will resume😂😂😂😂
Too high a portion of what we earn goes as taxes.
Too high a portion of what we spend goes as taxes.
Taxes are not synonymous with economy. Letting people keep more of the wealth they create and to spend as they wish is closer to the real economy, rather than the government taking a larger and larger chunk and spending it.
Follow these steps.
1. Stop paying taxes.
2. Tax department arrest you.
3. Motivate crores of taxpayers to do this before you get arrested.
4. When they listen and follow, there will be chaos in the tax department.
5. Tax department will back down
6. You will be released.
It doesn't happen the way you said....😂
1. Don't pay taxes
2. Your savings and investments will be frozen.
3. Few people will give up
4. And you will be keep fighting in court to unfreeze your account and finally pay 3 times the penalty
@chetanmalhotra26 2. Investments will be frozen
3. Tell my other mates to take back all of their investments and then stop paying taxes
4. We will spend time in jail together also motivating crores of taxpayers to do the same
5. Tax department finds out
6. Will withdraw their tax notices and release both of you before it becomes too late
Thankfully someone is giving a realistic picture to the government and thanks Mint for providing a platform
Put this person as in charge of finance minister or at least put him in tax reform council
He is HR. What about getting someone who has studied something related to economy
When we talk about Justice then Middle Class Salaried people also needs justice to include every indian under tax bracket
Well said Mohandas Pai Sir ❤.
If middle class are not taxed,how to give freebies. To eighty crores of poor people
Who is paying for freebies giving to corrupt corporates like adani, anil ambani?
They are the real freebie eaters
🩴Modi ki mehngaai se pareshaan hai.
❤️Arvind kejriwal🇮🇳 janta ka paisa janta ko suvidha mei de rhe hai aur budget bhi munaafe ka hai, suvidha dena achi baat hai.
🇮🇳❤️Arvind Kejriwal IITian Prime Minister bne🌞
Modi is bad but Arvind Kejriwal is a total crook. Raga should be PM
hats off to you sir...lots of respect mr pai...some body has the courage to speak up..keep it up
Usually he never used to criticize government... Ippo enna aachu
Thanks for voicing out the common man challenges.
Always great insights , Thank you Pai
You are correct I am a middle class person and I am angry with the taxation and the finance minister needs to go she needs a holiday.
Middle and lower class people avoid and close MF immediately due to high tax and low returns. LTCG tax in MF is zero, then 10 % and 12.5% now. In future they will increase up to 30 % by government. Only corporates and government benefit. Tax Terrorism by Modi government in india.
Same problem here in chennai
Where all old creeky govt buses which are more than 14 yrs old are toiling with great pain.
best man you are listening to Mr Pai
he is not talking against government
he is talking for people who gave 240 this time.
continue tax terrorism and zero reform
next will be 120
Finance Minister with no finance knowledge 🤡
School fees has gone up but the salaries of teachers is stagnant to be around 8-10 thousands per month in preschools and 13-15 thousands in middle schools. Fees in Preschools is are 65-75 thousands per annum. I hope media will investigate into salaries of school/college teachers and their unsecured jobs in private schools/colleges who are squeezed of the blood of teachers and mentally tortured by authorities of institutions.
Well leaving country due to high tax, may sound little gross, but that's the reality of today's time. But is this just because of taxes only? No, it just not tax. It's more because of injustice that a middle class faces everyday. I am working hard to give my children a good life but I am helpless to give them fresh air, I am paying my hard earned income as taxes, just to get it distributed as a free gift for politicians vote. Urbanization?? In the name of smart city, we have just put enormous amount of tax payers money just to get shoddy cities.
You can send them to some town in Himalayas to get fresh air.
VOTE IS HOPE... HOPE IS GOVERNANCE... GOVERNANCE IS NATION... NATION IS EASE OF LIVING....FOR THE NATION...JAI HIND... 🇮🇳💜🙏
Please please please remove GST from premium of health insurance policies that middle class buy every year for family or parents, first pay income tax , then pay GST on Health insurance that middle class buy, and all the more if you occupy a room in a hospital which cost Rs 5000 per day, you have to pay GST on hospital bill, shame shame shame SHAME SHAME SHAME SHAME
I dont get why Modi is beholden to Nirmala Sitharaman as the Finance Minister. It's time to get rid of her.
Modi has given his permission to loot people
Nirmala is just a puppet. Modi and shah are the ring masters.
All political parties have the same formula. They don't care for the middle class, the rich, the ultra rich.
79-80% people are poor. So, freebies will buy them votes.
All are responsible including the Gujarati PM who knows nothing but money.
Modi has destroyed our desire for a better life.
But there are no options - rest are dacoits, we vote for Modi not because of love but because there are no options.
Modi's popularity has gone down. As I said Modi is just buying the poor to remain in power for BJP.
It seems middle class has been proved to be politically wrong.
All FM in this country have been sucking blood of middle class salaried .... all the taxes are being loaded and loaded on to it.. income tax, GST, Road Tax, Toll Tax, Educ Cess Tax, Luxury Tax, bloody Tax and yet nothing given to these Tax Payers.. its like Give them Nothing but take frm them everything
A minister has to move with ordinary people to know their suffering.
I want this guy to become Finance Minister
Govt is not prepared to realize the woes of middle class honest payer.Harass the honest and honour the thieves is the slogan of this party.
Mr. Pai, your point on 5000 census towns is highly perceptive. I explored this subject in some depth in my book, 'Structural Innovation for Inclusive Development in Bihar-The Navodaya Shahar Model (Academic Foundation, 2012). This strategy entailing a 'tripple bottom-line approach combing asset augmentation/enrichment, income generation and access to human development services must replace the current race on disparate 'freebies'. Achieving the goals of Viksit Bharat will not be possible despite rising incomes unless such strategies are adopted to host masses in dignified and enriched habitats. Please lead an advocacy campaign to transform policy along these lines.
Govt.job best in our country. 1) need not work.2) bribe for work.3) salary addition. 4) most enjoyable work. 5) haras honest tax payers.
Only salaried and pensioners are paying income tax and gst. Rest are enjoying as they matters for note and vote to the government.😂
very well said ...Middle class people work hard & political Governments feed poor with free bees and No goodies to middle class who pay direct & in direct taxes _ not even proper Roads and erratic water suppy & some places erratic Power supply - so sad
Very least they can build proper roads etc...