MODI HATES MIDDLE CLASS Your ancestors paid no tax on LTCG. You will pay 12.5% tax on LTCG. Your ancestors paid no tax on the dividends. You will pay tax on the dividends as per your income slab. Your ancestors paid no STT. You will pay higher STT. Your ancestors got the indexation benefits. You will not get indexation benefits. Welcome to Amrit kaal!!
I totally agree with him, Indian tax laws are highly & unnecessarily complicated. Every Individual & companies incurs heavy overheads just to operate in India.
Then you and grover means to say that rice and alcohol GST will be same so that people consume more drugs ha and what about the people who give 10℅ tax if he start giving 20℅ then he will abuse government. There is just little truth in grover statement and rest is garbage. Government is not fool like him many countries collect tax this way.
First of all there must be a transparent, system so that people can see whether super rich guys pays tax or not also how our tax money is being use dby govt....Second If a common man take a loan of 5-10L and not pay a single installment bank calls and even visit inpersion.....but how a person flew after taking 1000crs of loan?
What Anshneer doing is comparing our tax rates to other countries who has low rates or tax heavens like dubai...etcc What he doesnt realising is our country is still developing and much more complex country than anyother ,with huge population were most us are living in poverty or farmers whose incomes are exempt , so only options left are 1. Rich people 2.companies, LLPs , firms 3 poeple earning above 10 laks The thing is we cant charge same rate for 10 lakh catogory and for rich people ,because people having 10-50 lakh are not lving that type of luxury that RICH does thats why we have slab rates.. Our country has to manage infrastructure, roadways, education Which is mainly relied on taxpayers income... Our country has recently manage secure 1st place in longest roadways by beating china , these things simply cannot happen if tax rates falls to 20%..and there is much more complexity that yet we don't understand... Once we become developed country, we dont need 40% rate, and that not gonna happen for long time.. I hope this helps By CA INTER STUDENT
Indians haven't realised how dangerous this socialism really is. All the wealthiest nations in the world, became wealthy by fostering individual liberty and ownership. It's not a big secret.
Many philosophers claimed after century western world will start collapsing because of individualism, Person will put himself above others. This is just a fuel for narcissism. Collective societies are ltruly wealthy, Example is japan, Singapore and South Korea.
So just saying it is dangerous blah blah...can you point out how to run India properly according to you without socialism...on a long run without sacrificing the poor people? If you reply keep in mind india is a democratic... means people can oppose privatisation bills, people are mosly corrupted, huge income difference between poor & rich.
@@0pinion99 socialism is a theory that has consistently failed in practical life for over a century - biggest is mao's china, present day is n-korea. free markets have given all the benefits and privileges you use today, because it incentivises value. example - USA minus the past 2-3 decades. that's where you got the most innovations out of. (don't confuse that with crony capitalism - that's what leads to downfall) for india - open all services up for the free market, including the govt services. let people decide which road they want to go down on. of course, exceptions of national interest like national defence can't be privatised. exceptions need to be managed via taxpayer's money. if you don't, power accumulates in the hands of a few. that's still corruption, but insidious. coz it's in the name of "justice" and morons like you fall for it. in practical life, people are not mostly corrupt. don't project your terrible upbringing on an entire nation. it's technically impossible for any highly corrupt nation to thrive - see South Africa.
@@divyanshnanda3523whatever he said is extremely correct most of your companies are singapore and dubai based your most productive people are the most heavily taxed and exploited by the government
Ha to ab 10 saal k Baad bhi congress 1980 k barey me baat karogey. I am also a BJP voter. But Maan lo bahut hi tatti govt policies hai @@User-mncbjlfjrebxkl
@@User-mncbjlfjrebxkl Prior to the 1990's we were busy developing our indigenous infrastructure for manufacturing. Going by that logic, everything must be sorted out by now and much simpler by now or is it?
@@Isaacaijazebf2jpoor are benefitting, rich are benefitting by themselves by evading taxes through tonns of loopholes but what about the tax paying middle class who's tax is enjoyed by the poor?
It doesnt need to be simplified, it needs to be reduced. Im a CA+MBA and I support Ashneer, our crushing Tax regime is anti business, it prevents highly educated people from starting business out of fear. Keep highest tax at 20%, GST flat at 12%, under 50 lacs income at 15% and undwr 24 lacs income at 10%.
Reduced would have been an appropriate word but abolish? Think practically, if taxes get abolished then there will be no need for ppl to disclose their earnings and how and in what way they earned, legally or illegally. And how can a country simply abolish tax system like that...it will affect d economy in so many ways & at greater level!
@@untamedone9895I am surprised by people like u who have deeply ingrained mentality of being slaves. They can't digest that they can be free.😂 There are many workarounds and solutions which could be found but first u have to be open 😂 many years ago people like u said cell phone like things can never exist.
Honestly, Indians 99% of them are already non-taxpaying citizens, what needs to be done is to increase the tax base, simultaneously reducing the tax rates, I think personally any tax above 21% on personal income is foolishness. Now, 21% tax would not only increase the disposable income but also savings, resulting in greater GDP growth, and lower borrowing costs for businesses and govt. And, yea I a support progressive taxation, I don't care about whether we implement flat taxation or not.
Income tax is total waste . The whole collected amount doesn't contribute in indian economy . The maintenance , salaries and other expense of this department are more than the tax amount collected by this department . There should be more indirect tax collection like g.s.t . It should be high on luxury items and negligible on necessary items .
@@princeofheaven19 there expenditure is very high . Tea expenses , foreign trip expenses , salary expenses , raid expenses ( failure or sucess ) nearly fail , electricity expenses , innova expenses , fuel expenses , campus quarter expenses . And government manupulates the data they just show that the purpose of income tax is correct .
Applauds to u ashneer YOU have put it just THE right way !! I am a middle class gen catagory person, fought tough in 1996 to get through admission, as reservations already applied , we had been paying taxes since then till date AND now our kids r in the same chakravyuh.. we could never save enough to make him start a business and couldn't sponsor him to go abroad and study. If our child is mediocre in studies, what options are he left with ????? Govet never takes any responsibility of such kids of hard taxpayers ..not any incentive nor any facility are offered to us !!! Why will not we push ourselves and our children to go abroad on slightest available opportunity ?? To hell with the brain drain ... Does the govet care for the brains here in INDIA ??? The hatred of reservation will lead to a nation that will be hollow as intelligent brains have nothing but pain and venom in them . ITS HIGH TIME
@@v.m.channel2572 Bhai ab tak mai tax ko acha smjhta tha sochta tha ki ye ek bhartiye hone k Karan hamko karna chhye lekin ab Aisa nhi lgta. Kuch din phle mujhe Ayushman card k bareme pta chala ki 5lkhs tak government cover krti hai bahut khush hua poora din nikal gya ye pta krne me ki ye kisko Diya jata hai. Mai to sala middle class ka hu bhncd ye sab card to bhikariyo k liye hai. Aur hamare liye kya? Hamko kuch milta bhi hai ki nhi?
@@Ameyiscool dekho government har kiske ke liye scheme hai mein tax ke bare mein janta hoon toh mera kaam tha ki joh is ko support karahe hai unhe sahi baat batna
They overcomplicate the process so people hire CA and dont get into jhamela and they stay in darkness. I paid 4 lacs tax last year wtf did i get. Shit . I could have taken 4 international trips from that
@@gloomyend1232 Badle mein home loan and education loan pe tax deduction mil raha hai , Country ko protection mil rahi hai border se and yeh bhi nahi ki govt kuch hi nahi kar rahi Thoda selfish kaam bano
@@yuvraj1971lol Baki desh jaise border protection nahi de rahi hae Sirf india hi de rahi hae Kamate hae apne liye na desh ke liye aur na Sarkar ke liye Tax like England and service like Afghanistan
@@thefooMad baki desh bhi 30-50% tax bhi lete hai Desh tax hi chalta hai Afganistan se mein tum monthly 1000 rs bhi kama lo wo bhi badi baat hai Soch samajh kar compare kiya karo
It's not the high rate of tax, it is the inefficient user of tax money that is painful. People need to be aware of how their tax money is spent and how much in fact they are getting for the tax they paid.
Flat tax rate is ideal. Since India has a very small percentage of people paying direct taxes, the government heavily relies on indirect taxes through gst and other, etc. This heavily affects the middle class people, those who are salaried as they end up paying nearly 50% taxes in direct amd indirect taxes. This leads to a very low savings rate. 30% tax rate above 10 lakhs is brutal, as u can only get that type of salaries in metro cities and the cost of living is quite high there. Taxing everyone at flat 10% will ease the burden and will increase the tax base. Its also high time the government starts taxing the wealth farmers. 28% gst is too high and unheard of in many developed countries.
Corrupt politicians and government sector living in luxury. While the working class suffers. The government should have hands off approach to economy and not tax the working class
Tax only justifiable if government can give the same facility like Western world giving, health, education etc...make the government institute world class then giving tax will not much harm!
Totally agree! only beacause of tax I am going to run thela. Atleast you discussed this nobody discuss. Jitana profit hota utana to CA ko dena padata ye compliance, wo compliance.
Since 10 year modi government done nothing for middle class so be wise let kick modi out of power state election is coming soon teach them lesson for voting against bjp
The irony is people who are supposed to earn for themselves and make good life for them is doing good for the nation and people who are supposed to serve the are making their wealth from nation
Dear Ashneer...Kya guarantee hai ki jo business man 40% tax Dene k liye chori kr rha ho wo 20% tax Dene bolo to chori nhi karega??? Chor sirf chor hota hai .. kam chori aur jyada chori aisi category nhi hai !
2% logo ka sahi h but wo 98% log tax hi nhi dete and jinki income hi 5k-10k wo sadak pe ajynge ..government koi bhi party ki ho but 20% tax se 98% logo ko basic cheese bhi nhi milengi...
Sarkar business development kare to Sahi Aaj kal chote chote businessman Bank ke kitne chakkar kat rahe hain maine banglore Ek FSSAI lisence apply Kiya 3 sal ke liye jis ki government fees 6000 rupees hai Maine January 2023 Ko apply Kiya May 2023 Ko Mili o bhi 10000 rupees de kar
Lately, I have noticed a change in Ashneer's behavior. He seems to have become more narcissistic, expressing his opinions without considering their validity. In the video itself we can observe that most of the businessmen present during his speech didn't even applaud him, indicating that they found his statements baseless and nonsensical. For instance, suggesting a flat GST rate of 5% is absurd because it would lead to increased costs for essential goods and services like vegetables and hospital treatments. Additionally, implementing a single tax rate of 20% on earnings below 5 Lacs would be extremely burdensome for individuals living in metropolitan areas. Although he may be a successful and influential entrepreneur, it's important not to watch or be influenced by his irrational viewpoints. I fully support the notion that tax revenue should be utilized wisely, similar to how a prudent individual would manage their resources. It is crucial to prioritize areas such as education and healthcare, where numerous individuals are currently facing significant challenges.
What he gave is a high-level framework. He didn't say 5% on essential should be there as well. How many essential G&S are there? Exempt Tuition fees, Food Produce (not the products), Medical expenses, Insurance, Public transportation. Charge everything else a flat of 7% or 10%. We've an FM who carelessly comments that she doesn't consume onion. And every health insurance/term insurance policy has addl GST component. Our govt already messed it up.
Jo chori hain Karta woh 40% se 20% pe bhi Karega. Aur Pata nhi CA, CWA, se inko kyun inti problem hain... inhi professional ki wajah se Tax collect kar pate hai govt.
Not just ashneer, even renowned economist Subramanya swamy has told that this tax system is actually reducing our purchasing power and halting our progress. This tax system is unnecessarily complicated
He is right. 20% is not high. If i was earning 10 lakh , 2 lakh doesn't seem bad. If i earning 1crore 20 lakh doesn't seem bad. But 30% is 30L which is ridiculous. Why would any rich person pay 1/3 of their earning esp. High income individual. Just be fair if someone is earning 100crore he has to pay 30 crores. 😢 tax should be 20% - cuts. Or highest it should depend on earning >12L 3L >15L 4L >20L 5L >30L 6L >50L 10L >1 crore 20L >2crores 50L
Sale tax le to koi benefit bhi to nahi de rahe h high salaried people ko Health facilities me priority do. Flight ticket, train ticket me chut do Uske bacche se halka kaam fees lo. 30 lakh se upar 30% mtlb 12 mahine me samj lo kitn din. General caste ke larko ko thukna chaiye is desh ke flag pe. 70% seat reserved kar diya, fee bhi high h general ke liye
First of all he doesn't know the meaning of a socialist country... secondly he forgot that India is a developing country that's why the income tax is greater on crorepati....that is why he is crying. He is telling that 10% of the people have these conditions...yet he believe that what he gain is all by himself...they have decent amount of money but their hunger is unbounded...it is their problem...they don't have the responsibility on those people from where they got all the money!?! Those who don't deserve the reward obviously tell the tax is a punishment... because he don't accept india as it ....
Your argument is full of nonsense, what's wrong with his questions? Govt is taking away 1/3 of our earnings what do we get in return, no reservations in school colleges and in jobs. Who's getting these benefits people who take all the freebies from govt who are not paying a penny for development of this country. Who get subsidies in many govt schemes. We're kept away from all these facilities coz we pay taxes.
you don't know the history of socialism, if you think it's even remotely a good idea. some things can be "socialist" but you can't run any country entirely on those principles. we know this from dozens of failed socialist countries with millions dying for "the greater good". if you think that the rich "deserve" to pay tax, you haven't worked hard enough to earn your fair share in life. go read a real book
@@gmg8771 have you heard everything what he said? He said he don't do charity because he has to grow first for that...no one fixed the amount of charity and there is no limit in financial growth or you can say hunger...so these people won't contribute on their own will. Business means always unequal exchange that's how they produce this amount of profit...then they think all these are their hard earned...in reality in private organisation the director or the adminstrator of the organization literally suck their employees. They use every possible loophole to earn more... You have to understand the thing that living in India is hard than the developed nation & those crorepati are not some special person, there are more qualified persons, they are also working hard but earn less...they don't revolt...90% of these population also bound by the laws they also have to pay equally on everything they purchase...the difference is that they don't have unbounded hungry for money due to all these boundaries... Top govt employees have to pay 25% tax though their annual income is 40lacs but it is easy to think that 30lacs is their income.... But business man.....they literally touch 10 15cr then they have to give 4cr tax so obviously it is hard & when you think all is your hard earn then you become Grover. Just think about it.... Business man means what? Some initial capital (might be earned or borrowed) Gathering employees.... giving much less salary than what they actually produce Gaining more wealth Gathering more employees Using these wealth to create more opportunities like loan etc... When there is no competitor exploit the common people ( Air India charged 10k max for certain ticket now they charge 20k max for the same ticket) Not every company is TATA.
So you are telling, a person who earn 10,000 rupee a month have to give 20,000 income tax. So then you will give money for their family expenses??? Bro we are talking about 140 crore people. After taking tax from you, you still can afford luxury car, watch, etc. So don't be too greed, government have to run a country not a company.
@@kubercricketprediction5 and even if govt impose 20% flat tax on all...rich ppl are still gonna evade taxes becoz greed is never ending...but this man is very much sure ppl won't evade tax if reduced to 20%😂😂
@@lokeshdugar1214 Bhai hindi mein bol deta hoon clear baat- Tax bharke kya advantage hai jo non tax payer ko nahi? Kya highway par light band ho jati kya non tax payer ke liye? Bhai soch badi karo, don't be a guy who defends. Sorry to say, dusro ka diya mat Khao agar ye soch hogi na toh hi aage jaoge.
No , I still go to Government hospitals, I study in Government school for 7 year and I can say Government school are improving, after that I done my Graduation from government college. If I didn't get the education facilities from government school and colleges so I can say I will not be able to get the education because my parents can't afford private institutions fees.
Agree with him.... Actually this is not tax .. Tum khana khao tou etna % katy ga, tum hospital jao etna % katy ga...mtlb hr jagha ek different percentage.... Public tou soo rhi hai ore political parties apna johla bhr rhi hain...
I think income above 3 lakh to infinity should be charged 20 % 60,000 per annum , is not a very huge amount If it is utilised well We can give direct incentives of 40-45 k In hospital + travelling + infrastructure+ Education
Its true, you wouldn't find many people who speak so frankly in this country. He understands what toll he will incur because of this and yet he speaks unfiltered. Kudos to his courage. No wonder he has a disappointed resting face. We keep a happy face, because we ignore the problems and keep on going, but it's people like these who care more about the truth and less about living a seemingly problem-free life.
In Islam, Zakaat is a form of obligatory charity and is calculated based on different types of wealth and production. The key principles for calculating Zakaat are as follows: 1. **Savings**: Zakaat on savings is set at 2.5%. This applies to the total amount of money that has been saved for a year, provided it exceeds the minimum threshold (nisab). For example, if someone has saved ₹100,000 for a year, they would pay ₹2,500 as Zakaat. 2. **Production with Investment and Labor**: When an individual uses both their money and personal effort (labor) in producing something, such as in agriculture or business, the Zakaat is 5% of the production's value. For instance, if a farmer grows crops worth ₹50,000 and has invested both money and physical labor in the process, they would pay ₹2,500 in Zakaat. 3. **Production with Either Investment or Labor**: If only one of either money or manpower is used, the Zakaat rate is 10%. For example, if someone rents out their land and another person farms it, earning ₹50,000 from the crops, they would pay ₹5,000 in Zakaat, since they only provided the land (investment) but not the labor. 4. **Capital Gains without Effort**: For income earned without any personal effort or investment, such as from inheritance, gifts, or discovered wealth, the Zakaat rate is 20%. For example, if someone inherits ₹100,000, they would pay ₹20,000 as Zakaat on this gain. These rules ensure that Zakaat is distributed fairly based on the type of wealth and effort involved, with a higher rate applied to wealth gained without personal investment of labor or money.
Mr. Ashneer 99% people pay zero income tax in India kuch logo par income tax lag gaya to wo garib nahi ho jayenge kyo ab to 7 lakh tak income tax nahi he
The bigger problem is that middle class people paying 30-40% tax will never even protest. Another fact: politicians don't pay tax
middle class doesn't protest, they just leave India
MODI HATES MIDDLE CLASS
Your ancestors paid no tax on LTCG.
You will pay 12.5% tax on LTCG.
Your ancestors paid no tax on the dividends.
You will pay tax on the dividends as per your income slab.
Your ancestors paid no STT.
You will pay higher STT.
Your ancestors got the indexation benefits.
You will not get indexation benefits.
Welcome to Amrit kaal!!
Politicians off-course pay tax but they adjust it with corruption😅
ppl don't have unity in anything...ppl need to protest also ask why politicians don't pay tax.. they are part of democracy..
@@mohit4902 Lot of ppl want to leave India but it is not easy for many..
I totally agree with him, Indian tax laws are highly & unnecessarily complicated. Every Individual & companies incurs heavy overheads just to operate in India.
Then you and grover means to say that rice and alcohol GST will be same so that people consume more drugs ha and what about the people who give 10℅ tax if he start giving 20℅ then he will abuse government. There is just little truth in grover statement and rest is garbage. Government is not fool like him many countries collect tax this way.
Totally disagree with Ashneer.....
First of all there must be a transparent, system so that people can see whether super rich guys pays tax or not also how our tax money is being use dby govt....Second If a common man take a loan of 5-10L and not pay a single installment bank calls and even visit inpersion.....but how a person flew after taking 1000crs of loan?
What Anshneer doing is comparing our tax rates to other countries who has low rates or tax heavens like dubai...etcc
What he doesnt realising is our country is still developing and much more complex country than anyother ,with huge population were most us are living in poverty or farmers whose incomes are exempt , so only options left are
1. Rich people
2.companies, LLPs , firms
3 poeple earning above 10 laks
The thing is we cant charge same rate for 10 lakh catogory and for rich people ,because people having 10-50 lakh are not lving that type of luxury that RICH does thats why we have slab rates..
Our country has to manage infrastructure, roadways, education
Which is mainly relied on taxpayers income...
Our country has recently manage secure 1st place in longest roadways by beating china , these things simply cannot happen if tax rates falls to 20%..and there is much more complexity that yet we don't understand...
Once we become developed country, we dont need 40% rate, and that not gonna happen for long time..
I hope this helps
By CA INTER STUDENT
@@USERr143once we developed.....hahahahhahahshshahahahshshshshahhahsbsbabshshbsbsbsbsbabababhahahahahahahhahahaha
Algorithm aag mein ghee daal rha hai after budget announcement of 2024
Right 🤜🤜🤜
😄😄
😂
😅
Indians haven't realised how dangerous this socialism really is. All the wealthiest nations in the world, became wealthy by fostering individual liberty and ownership. It's not a big secret.
Many philosophers claimed after century western world will start collapsing because of individualism,
Person will put himself above others.
This is just a fuel for narcissism.
Collective societies are ltruly wealthy,
Example is japan, Singapore and South Korea.
I see you are fully against with socialism...can you think what will happen if education and medical services in India are fully privatized?
So just saying it is dangerous blah blah...can you point out how to run India properly according to you without socialism...on a long run without sacrificing the poor people?
If you reply keep in mind india is a democratic... means people can oppose privatisation bills, people are mosly corrupted, huge income difference between poor & rich.
@@0pinion99 socialism is a theory that has consistently failed in practical life for over a century - biggest is mao's china, present day is n-korea.
free markets have given all the benefits and privileges you use today, because it incentivises value. example - USA minus the past 2-3 decades. that's where you got the most innovations out of. (don't confuse that with crony capitalism - that's what leads to downfall)
for india - open all services up for the free market, including the govt services. let people decide which road they want to go down on. of course, exceptions of national interest like national defence can't be privatised. exceptions need to be managed via taxpayer's money.
if you don't, power accumulates in the hands of a few. that's still corruption, but insidious. coz it's in the name of "justice" and morons like you fall for it.
in practical life, people are not mostly corrupt. don't project your terrible upbringing on an entire nation. it's technically impossible for any highly corrupt nation to thrive - see South Africa.
@@0pinion99maybe you will grow brain cells if you went to a school which actually was accountable to educate you?
It's not safe to speak so much directly and honestly in this country 😅
True
Facts!
Atleast he has courage to speak, admire him
Iski baate koi bhaw nii dega. Koi mla ya mp ya koi other politician agar ye mudda uthae toh manu@@burmantraveller8958
He did not say the words "30% babu aur neta chura leta hai" which is why its not so risky.
1:37 - jahan ki core quality doglaapan hai, wahan to wohin karni padegi.
😂😂🤣 Bhai, knocked it out of the park!
When capitalists are pointing out serious mistakes in the economy, we know we have seriously gone wrong with everything!
aur kaun karega....communists are just low iq garbage
😂😂 He is seriously talking rubbish
@@Articles_ki_pathshalaI am actually surprised to see so many people in the comment section find his suggestion to be logical.
@@divyanshnanda3523whatever he said is extremely correct most of your companies are singapore and dubai based your most productive people are the most heavily taxed and exploited by the government
@@Articles_ki_pathshala Ha bhai kuch kama Phir pata chala ga india ke tax law ke bara me
Major problem is paying multiple taxes
Thats why indian startups register outside india in Singapore, dubai, silicon Valley
He warned us 10 months back but still we voted for BJP.
Toh kisko dalte khangress. Wo toh socialist hain upar se communist bhi bhar gaye abb toh
Haan, Congress toh saara tax maaf kar degi
@@ThePseudoBasher ye bakchodi wala tax nahi lagata tha kam se kam. BJP toh old tax regime hi khatam kar dega 1-2 saal mein.
Ready to work 14 hours shift?
@@Jenkis-z8q we are already doing 10+ hours every day. How does it matter.
This guy will free a lot of lost and tired souls
He said base of tax payer need to be increased rather than only 2 crore indians paying highly tax
Agree
Agree
Nirmal sitharaman should watch this video. A tight slap to Govt tax system..
taxes were even stringer and license raj chaltha tha lol before 1990s
Ha to ab 10 saal k Baad bhi congress 1980 k barey me baat karogey. I am also a BJP voter. But Maan lo bahut hi tatti govt policies hai
@@User-mncbjlfjrebxkl
@@User-mncbjlfjrebxkl Prior to the 1990's we were busy developing our indigenous infrastructure for manufacturing. Going by that logic, everything must be sorted out by now and much simpler by now or is it?
@@aftabmohammedify we were busy building ghanta back then.🤣🤣
@@User-mncbjlfjrebxkl jiyo sher 😍 in anti modi ko aaise jawaab do
This is the dark reality of indian tax system. The ultra rich escapes the taxation while the middle class does the charity.
This dark reality of the whole world
Lmao that’s good but many poor people are benefiting but rich aren’t that’s tragic
@@Isaacaijazebf2jpoor are benefitting, rich are benefitting by themselves by evading taxes through tonns of loopholes but what about the tax paying middle class who's tax is enjoyed by the poor?
The Ultra rich are the men in power, not the people we elect, regardless of the party.
Middle class is suffering the most.....its painful
true!! tax system in India needs to be simplified.
Capatlisim
Yes, I agree
Simplification is really hard, there will be some issue than will require some amendment.
It doesnt need to be simplified, it needs to be reduced. Im a CA+MBA and I support Ashneer, our crushing Tax regime is anti business, it prevents highly educated people from starting business out of fear.
Keep highest tax at 20%, GST flat at 12%, under 50 lacs income at 15% and undwr 24 lacs income at 10%.
Now it has given become more complicated.
Subramanian Swamy also says he would have abolished taxes if Modi Sarkar had made him Finance Minister.
Reduced would have been an appropriate word but abolish?
Think practically, if taxes get abolished then there will be no need for ppl to disclose their earnings and how and in what way they earned, legally or illegally. And how can a country simply abolish tax system like that...it will affect d economy in so many ways & at greater level!
@@untamedone9895I am surprised by people like u who have deeply ingrained mentality of being slaves. They can't digest that they can be free.😂 There are many workarounds and solutions which could be found but first u have to be open 😂 many years ago people like u said cell phone like things can never exist.
Swamy ji isn't as skilled at putting on a poker face like Sitharaman ji
Why government needs to know source about my money 😀@@untamedone9895
The only way to reduce taxation is to do a non-cooperation movement and simply boycott it. Govt will never reduce it on its own.
Honestly, Indians 99% of them are already non-taxpaying citizens, what needs to be done is to increase the tax base, simultaneously reducing the tax rates, I think personally any tax above 21% on personal income is foolishness. Now, 21% tax would not only increase the disposable income but also savings, resulting in greater GDP growth, and lower borrowing costs for businesses and govt. And, yea I a support progressive taxation, I don't care about whether we implement flat taxation or not.
Income tax is total waste . The whole collected amount doesn't contribute in indian economy . The maintenance , salaries and other expense of this department are more than the tax amount collected by this department . There should be more indirect tax collection like g.s.t . It should be high on luxury items and negligible on necessary items .
Check out the budget report given out by RBI, it contributes to 23% of revenue. I don’t think they spend so much on the department
@@princeofheaven19 there expenditure is very high . Tea expenses , foreign trip expenses , salary expenses , raid expenses ( failure or sucess ) nearly fail , electricity expenses , innova expenses , fuel expenses , campus quarter expenses . And government manupulates the data they just show that the purpose of income tax is correct .
@@princeofheaven19department salaries and expenses 45 percent jata hai अमेरिका में (आईआरएस usa) का हिन्दुस्तान का to और ज्यादा जाता होगा
Who is here after Modi 3.0 Budget 2024 😅
Chaiwala ek bada doglapan
India is now desperate for Pappu 1.0 budget created by the "Saaf Sutra" Chidambaram.
He should educate Nirmala Sitaraman once, Govt is fooling by adding too many schemes unnecessary on an already filled slab 80C, no use to us.
HSN code was not for tax classification. it was for industry identification in the world. but india adopted as tax structure
Applauds to u ashneer YOU have put it just THE right way !!
I am a middle class gen catagory person, fought tough in 1996 to get through admission, as reservations already applied , we had been paying taxes since then till date AND now our kids r in the same chakravyuh.. we could never save enough to make him start a business and couldn't sponsor him to go abroad and study.
If our child is mediocre in studies, what options are he left with ?????
Govet never takes any responsibility of such kids of hard taxpayers ..not any incentive nor any facility are offered to us !!! Why will not we push ourselves and our children to go abroad on slightest available opportunity ?? To hell with the brain drain ... Does the govet care for the brains here in INDIA ??? The hatred of reservation will lead to a nation that will be hollow as intelligent brains have nothing but pain and venom in them .
ITS HIGH TIME
Bhai agar 20 percent hoga toh apko hi problem hoga bas yeh sumjho ki
Agar yeh hua toh ap garib hogye Or rich people or rich
@@v.m.channel2572 Bhai ab tak mai tax ko acha smjhta tha sochta tha ki ye ek bhartiye hone k Karan hamko karna chhye lekin ab Aisa nhi lgta. Kuch din phle mujhe Ayushman card k bareme pta chala ki 5lkhs tak government cover krti hai bahut khush hua poora din nikal gya ye pta krne me ki ye kisko Diya jata hai. Mai to sala middle class ka hu bhncd ye sab card to bhikariyo k liye hai. Aur hamare liye kya? Hamko kuch milta bhi hai ki nhi?
@@Ameyiscool dekho government har kiske ke liye scheme hai mein tax ke bare mein janta hoon toh mera kaam tha ki joh is ko support karahe hai unhe sahi baat batna
@@v.m.channel2572 Nirash hu yaar is wakt job nhi hai engineer hu. Yaar ekto paise nhi aur jab kamao to ye chor log hamse charity karwate hai. Ye baat bahut chubhti hai.
They overcomplicate the process so people hire CA and dont get into jhamela and they stay in darkness. I paid 4 lacs tax last year wtf did i get. Shit . I could have taken 4 international trips from that
🤦🏼 Didi ap kama bhi 20-24 LPA rahi hongi
4 lakh tax bhi aap ko nahi bharna
Phir toh kya hi bol sakte hai
@@yuvraj1971badle me kya mil raha yeh simple sawal answer karo?
@@gloomyend1232
Badle mein home loan and education loan pe tax deduction mil raha hai ,
Country ko protection mil rahi hai border se
and yeh bhi nahi ki govt kuch hi nahi kar rahi
Thoda selfish kaam bano
@@yuvraj1971lol Baki desh jaise border protection nahi de rahi hae
Sirf india hi de rahi hae
Kamate hae apne liye na desh ke liye aur na Sarkar ke liye
Tax like England and service like Afghanistan
@@thefooMad baki desh bhi 30-50% tax bhi lete hai
Desh tax hi chalta hai
Afganistan se mein tum monthly 1000 rs bhi kama lo wo bhi badi baat hai
Soch samajh kar compare kiya karo
Bhai corporate tax toh 20% hai
But >50Lakh/annum income earners have to pay 30% + 35% surcharge.
Actually 37 percent in Total which is very high plus GST on goods 😂
It's not 35% surcharge, 10% above 50lacs on the tax amount
He is brutally honest about his views all the time.
Wonderful !!! ❤hatsoff to this guy, who dare to talk about the subject “looting money from the common people in the name called TAX!!!!
It's not the high rate of tax, it is the inefficient user of tax money that is painful. People need to be aware of how their tax money is spent and how much in fact they are getting for the tax they paid.
Flat tax rate is ideal. Since India has a very small percentage of people paying direct taxes, the government heavily relies on indirect taxes through gst and other, etc. This heavily affects the middle class people, those who are salaried as they end up paying nearly 50% taxes in direct amd indirect taxes. This leads to a very low savings rate. 30% tax rate above 10 lakhs is brutal, as u can only get that type of salaries in metro cities and the cost of living is quite high there. Taxing everyone at flat 10% will ease the burden and will increase the tax base. Its also high time the government starts taxing the wealth farmers. 28% gst is too high and unheard of in many developed countries.
Great sir This topic needs to be raised, govt. Is sucking our blood by income tax
Make him the new FM. Fed up with Sitharaman.
Corrupt politicians and government sector living in luxury. While the working class suffers. The government should have hands off approach to economy and not tax the working class
Dharam ka nam pe vote doga to yhi hoga
Thanks!
RUclips algorithm, my God... Again i reached this video to cry on my state of affairs. 😮
I couldn't agree any more! Well said Ashneer!
After hearing todays budget, Ashneer was right.
Who is here after 2024 budget?😔
gives me trump vibes, full power to u ashneer
Baat to sahi hai yaar 😢
France has also given acceptance to Indian UPI recently.💰💸🎉
Koi hate nhi dega. Bhai ne bahaut gyaan diya hai.😂
Ashneer Grover should be the finance minister of India
Tax only justifiable if government can give the same facility like Western world giving, health, education etc...make the government institute world class then giving tax will not much harm!
Totally agree! only beacause of tax I am going to run thela. Atleast you discussed this nobody discuss. Jitana profit hota utana to CA ko dena padata ye compliance, wo compliance.
Now I know why did they brutally kick him out of BharatPe.
😂😂
😂😂
Why ?
At least he's honest. Not like tax hungry BJP, who are simply looting people.
😂😂
Running one company and running 3.75 trillion economy and 140 billion people is different🙏🙏
Modi to chai ka thela chalata tha, logic hai bhai?
Uncle ho kya
@@cLutch.26 fact based UPSC aspirant
@@cLutch.26 usse pehle wo 20 year CM thaa
@@kM-rk5brfortunately you are still an Aspirant.
Since 10 year modi government done nothing for middle class so be wise let kick modi out of power state election is coming soon teach them lesson for voting against bjp
Tax dete hai but government kuch deta hi nhi
The irony is people who are supposed to earn for themselves and make good life for them is doing good for the nation and people who are supposed to serve the are making their wealth from nation
He’s talking about Laffer’s curve.
This aged really well😂
Dear Ashneer...Kya guarantee hai ki jo business man 40% tax Dene k liye chori kr rha ho wo 20% tax Dene bolo to chori nhi karega??? Chor sirf chor hota hai .. kam chori aur jyada chori aisi category nhi hai !
Kuch log Phir bhi chori karenge shi bat h Lekin majority of people 20 percent ke liye magazmari nhi krenge
Advocate Ashvini Upadhya already told solution for this.....One Nation One Tax...which is Transactions Tax
2% logo ka sahi h but wo 98% log tax hi nhi dete and jinki income hi 5k-10k wo sadak pe ajynge ..government koi bhi party ki ho but 20% tax se 98% logo ko basic cheese bhi nhi milengi...
Ye to sabse bada doglapan hai na inka
Sarkar business development kare to Sahi
Aaj kal chote chote businessman Bank ke kitne chakkar kat rahe hain maine banglore
Ek FSSAI lisence apply Kiya 3 sal ke liye jis ki government fees 6000 rupees hai
Maine January 2023 Ko apply Kiya
May 2023 Ko Mili o bhi 10000 rupees de kar
tho kya kare? rich hona crime hai kya? gareebi hi rehni chahiye kya india mein?
After watching Salman Khan silently bashing Ashneer Grover hypocrisy, Modi said
"Itna Chhota pehle kabhi nahin hua". 😂😂😂
Lately, I have noticed a change in Ashneer's behavior. He seems to have become more narcissistic, expressing his opinions without considering their validity. In the video itself we can observe that most of the businessmen present during his speech didn't even applaud him, indicating that they found his statements baseless and nonsensical. For instance, suggesting a flat GST rate of 5% is absurd because it would lead to increased costs for essential goods and services like vegetables and hospital treatments. Additionally, implementing a single tax rate of 20% on earnings below 5 Lacs would be extremely burdensome for individuals living in metropolitan areas. Although he may be a successful and influential entrepreneur, it's important not to watch or be influenced by his irrational viewpoints.
I fully support the notion that tax revenue should be utilized wisely, similar to how a prudent individual would manage their resources. It is crucial to prioritize areas such as education and healthcare, where numerous individuals are currently facing significant challenges.
Bloody bhakt
What he gave is a high-level framework. He didn't say 5% on essential should be there as well. How many essential G&S are there? Exempt Tuition fees, Food Produce (not the products), Medical expenses, Insurance, Public transportation. Charge everything else a flat of 7% or 10%. We've an FM who carelessly comments that she doesn't consume onion. And every health insurance/term insurance policy has addl GST component. Our govt already messed it up.
@@NoName-bb2pu Bloody sucker of Ashneer 😂😂
@@saTyathelion bloody sucker of modichodi 🤣🤣🤣
@@NoName-bb2puU ashneer bhakt
Bahut sahi samjaya😊
This video is an eye opener for the alive not the dead, no less than a motivational movie which are hardly made in India.
He say every thing right only one slab,,, under 5 lakh no tax and above 20% tax, flat,,, the good move,,, every one is happy and pay tax regularly,,
I agree with him but these things are easier said than done! Don't see this happening by next decade.
And those businessmen who don't pay taxes are criminals surely!
Loved the talk ❤
Jo chori hain Karta woh 40% se 20% pe bhi Karega. Aur Pata nhi CA, CWA, se inko kyun inti problem hain... inhi professional ki wajah se Tax collect kar pate hai govt.
First do the accounting and then you will find the genuine tax rate
Koi iss bhai sahab ka mic le lo yar
Bina sar pair ki hawa mai batein na karein aap bhot bade business influencer ho ,Act responsibly
Not just ashneer, even renowned economist Subramanya swamy has told that this tax system is actually reducing our purchasing power and halting our progress. This tax system is unnecessarily complicated
I want to see him as Finance Minister of India ❤😊Very intelligent Man 🎉
But andhbhakts want nimmoo tai 😂
No I don't want this man as a finance minister because phir india ke economy destroy hogi
He said the real truth...♥♥♥
Suggested after budget 2024😂😂😂
Arey yaar main bhi to yhi sochta hu
Yep if direct deduction of 20%no need of ITR .even the govt officials jobs reduces to save money.
India need entrepreneur ppl to enter the politics 👍
Best and Honest Shark Ever
Love him or hate him. Banda brutally honest hai and he is not at all wrong!!
His all points are valid.
Govt should issue special card to tax payers above one lacs..so that they get priority in medical hospitals , schools, colleges, medicines, toll booth
koi fayda nahi
schools koi government walo me pharhata nahi
healthcare bhi private me hi jaate hai
roads pe toll tax dete hi hai
When you don't know the demography of India,
He is right. 20% is not high. If i was earning 10 lakh , 2 lakh doesn't seem bad. If i earning 1crore 20 lakh doesn't seem bad. But 30% is 30L which is ridiculous. Why would any rich person pay 1/3 of their earning esp. High income individual. Just be fair if someone is earning 100crore he has to pay 30 crores. 😢 tax should be 20% - cuts. Or highest it should depend on earning
>12L 3L
>15L 4L
>20L 5L
>30L 6L
>50L 10L
>1 crore 20L
>2crores 50L
Sale tax le to koi benefit bhi to nahi de rahe h high salaried people ko
Health facilities me priority do.
Flight ticket, train ticket me chut do
Uske bacche se halka kaam fees lo.
30 lakh se upar 30% mtlb 12 mahine me samj lo kitn din.
General caste ke larko ko thukna chaiye is desh ke flag pe.
70% seat reserved kar diya, fee bhi high h general ke liye
First of all he doesn't know the meaning of a socialist country... secondly he forgot that India is a developing country that's why the income tax is greater on crorepati....that is why he is crying.
He is telling that 10% of the people have these conditions...yet he believe that what he gain is all by himself...they have decent amount of money but their hunger is unbounded...it is their problem...they don't have the responsibility on those people from where they got all the money!?!
Those who don't deserve the reward obviously tell the tax is a punishment... because he don't accept india as it ....
And you know everything 😜😅😂...
Your argument is full of nonsense, what's wrong with his questions? Govt is taking away 1/3 of our earnings what do we get in return, no reservations in school colleges and in jobs. Who's getting these benefits people who take all the freebies from govt who are not paying a penny for development of this country. Who get subsidies in many govt schemes. We're kept away from all these facilities coz we pay taxes.
Kya faida, jb brain drain ho rha hai aur millionaire bahar Jaa rhe hai
China jaisa devlopment chahiye lekin unke jaise policies nhi chahiye
you don't know the history of socialism, if you think it's even remotely a good idea. some things can be "socialist" but you can't run any country entirely on those principles. we know this from dozens of failed socialist countries with millions dying for "the greater good".
if you think that the rich "deserve" to pay tax, you haven't worked hard enough to earn your fair share in life. go read a real book
@@gmg8771 have you heard everything what he said?
He said he don't do charity because he has to grow first for that...no one fixed the amount of charity and there is no limit in financial growth or you can say hunger...so these people won't contribute on their own will.
Business means always unequal exchange that's how they produce this amount of profit...then they think all these are their hard earned...in reality in private organisation the director or the adminstrator of the organization literally suck their employees. They use every possible loophole to earn more...
You have to understand the thing that living in India is hard than the developed nation & those crorepati are not some special person, there are more qualified persons, they are also working hard but earn less...they don't revolt...90% of these population also bound by the laws they also have to pay equally on everything they purchase...the difference is that they don't have unbounded hungry for money due to all these boundaries...
Top govt employees have to pay 25% tax though their annual income is 40lacs but it is easy to think that 30lacs is their income....
But business man.....they literally touch 10 15cr then they have to give 4cr tax so obviously it is hard & when you think all is your hard earn then you become Grover.
Just think about it....
Business man means what?
Some initial capital (might be earned or borrowed)
Gathering employees.... giving much less salary than what they actually produce
Gaining more wealth
Gathering more employees
Using these wealth to create more opportunities like loan etc...
When there is no competitor exploit the common people ( Air India charged 10k max for certain ticket now they charge 20k max for the same ticket)
Not every company is TATA.
In India :
Tax like NewYork Services like Somalia.
So you are telling, a person who earn 10,000 rupee a month have to give 20,000 income tax. So then you will give money for their family expenses??? Bro we are talking about 140 crore people. After taking tax from you, you still can afford luxury car, watch, etc. So don't be too greed, government have to run a country not a company.
But ppl in comment section r spreading knowledge like they r some professionals like a CA😂....finally u spoke truth!
@@lokeshdugar1214 thanks 😅😂
That's what he said tax payers are doing charity. Actually they aren't greedy.
He is showing the pain of free punishment.
Hope that makes sense.
@@kubercricketprediction5 and even if govt impose 20% flat tax on all...rich ppl are still gonna evade taxes becoz greed is never ending...but this man is very much sure ppl won't evade tax if reduced to 20%😂😂
@@lokeshdugar1214 Bhai hindi mein bol deta hoon clear baat-
Tax bharke kya advantage hai jo non tax payer ko nahi?
Kya highway par light band ho jati kya non tax payer ke liye?
Bhai soch badi karo, don't be a guy who defends.
Sorry to say, dusro ka diya mat Khao agar ye soch hogi na toh hi aage jaoge.
So true but karega kaun??
Ye khud bhi agar power mai kabhi aayega, toh yeh bhi nahi Karega for sure.
7:13 "Tax base badha na" - ye baat to kisi ko sujhi nhi na....
No , I still go to Government hospitals, I study in Government school for 7 year and I can say Government school are improving, after that I done my Graduation from government college. If I didn't get the education facilities from government school and colleges so I can say I will not be able to get the education because my parents can't afford private institutions fees.
You are poor 😂
@@insaan4565 I can't privete Doctor fee, or private colleges fees
now up to you the way you think and judge.
Bhai tu quote wala hoga
I paid Rs.40 (using thanks), thanks to ASHNEER GROVER, I am protesting in this way, we need more videos like this
Adam Smith: ham Bhi Yahi Soche The , Lekin Great Depression Ne Government ka Regulation Ka Importance bata diya😅😅
Agree with him.... Actually this is not tax ..
Tum khana khao tou etna % katy ga, tum hospital jao etna % katy ga...mtlb hr jagha ek different percentage.... Public tou soo rhi hai ore political parties apna johla bhr rhi hain...
2024 budget announcement i am still with his thoughts
He might be a fool, but i would support this guy on this Tax statement. IT HURTS
When you play GTA and start to believe that you can actually fly a fighter jet 🤣🤣🤣
We want an alternative of BJP & CONGRESS both
Flawed, but his viewpoint is logical. India's tax system punishes the rich for making money. That's not a crime, its the way countries are run.
We pay taxes like england and getting services like Somalia 😢
How can you be so sure that even if it gets to 20% people won't evade taxes. It's not the tax rate, it's the human tendency to greed more
sir 20% tax poor people kaise dege 🙄
I think income above 3 lakh to infinity should be charged 20 %
60,000 per annum
, is not a very huge amount
If it is utilised well
We can give direct incentives of 40-45 k
In hospital + travelling + infrastructure+
Education
This country developes when farmers are taxed
Very well said
Taxes like England, services like Somalia ... Let that sink in ....
Bhai ko power me ana hai, bhaiya amiro ke note se nahi garibo ke hi vote ata hai Banda power......yaad rakhna
Its true, you wouldn't find many people who speak so frankly in this country. He understands what toll he will incur because of this and yet he speaks unfiltered. Kudos to his courage. No wonder he has a disappointed resting face. We keep a happy face, because we ignore the problems and keep on going, but it's people like these who care more about the truth and less about living a seemingly problem-free life.
in islamic economic system there is only 2.5% tax on remaining balance of year end.
countries like Katar, Dubai have very less population and huge natural resources so they don't need to collect tax while check BD, Pakistan tax slabe.
In Islam, Zakaat is a form of obligatory charity and is calculated based on different types of wealth and production. The key principles for calculating Zakaat are as follows:
1. **Savings**: Zakaat on savings is set at 2.5%. This applies to the total amount of money that has been saved for a year, provided it exceeds the minimum threshold (nisab). For example, if someone has saved ₹100,000 for a year, they would pay ₹2,500 as Zakaat.
2. **Production with Investment and Labor**: When an individual uses both their money and personal effort (labor) in producing something, such as in agriculture or business, the Zakaat is 5% of the production's value. For instance, if a farmer grows crops worth ₹50,000 and has invested both money and physical labor in the process, they would pay ₹2,500 in Zakaat.
3. **Production with Either Investment or Labor**: If only one of either money or manpower is used, the Zakaat rate is 10%. For example, if someone rents out their land and another person farms it, earning ₹50,000 from the crops, they would pay ₹5,000 in Zakaat, since they only provided the land (investment) but not the labor.
4. **Capital Gains without Effort**: For income earned without any personal effort or investment, such as from inheritance, gifts, or discovered wealth, the Zakaat rate is 20%. For example, if someone inherits ₹100,000, they would pay ₹20,000 as Zakaat on this gain.
These rules ensure that Zakaat is distributed fairly based on the type of wealth and effort involved, with a higher rate applied to wealth gained without personal investment of labor or money.
TAX❎ TAX TERRORISM ✅
Mr. Ashneer 99% people pay zero income tax in India kuch logo par income tax lag gaya to wo garib nahi ho jayenge kyo ab to 7 lakh tak income tax nahi he
You got a long way to understand tax .
@@okayyyyyyyyyyyyyyyyyyyyyyyyapna kam karo jyada hoshiyar na bano
Kisi bhdwe garib k liye mai tax kyu du be
This speech, session would be remembered by all of us the day income tax will get abolished.
Think of citizen as customer