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I definitely share your sentiment about these firms. Finding financial advisors like Annette Christine Conte who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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@@missanorajjohnthattil8526 For that matter, all sports are for entertainment (indirectly). But Sports as a class, shoudl be NGO. This creates many opportunities for athletes. Having said that, they can introduce a tax on high revenue sports.
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Few points can't be avoided:- 1. Indexation benefit in Capital Gain is removed. 2. STT is increased. 3. STCG is increased. Every year Budget is allocated properly but when it comes for implementation, they give us "Junjuna."
@@prayanjaltomar752 2.2% of the total population pays 17.6% in direct taxes. While 100% of the people pay indirect taxes and other charges which is around 18.2%. And shockingly all the corporates whose profits have been increasing every year are paying only 17.3% in corporate taxes
@@arahul4045 If you don't own any land or real estate property then you are probably not a middle class person. If you do own some and when you sell it due to emergency such for medical expenses, etc. then you have to pay way more (even upto 2-3 times more) tax on the sell amount.
@@Mk-Amo not to support removal of indexation.. but what u r saying is not true (2-3 times) For example lets say u buy a house for 10lakhs in 2014 and CII for the FY 14-15 : 240 and if u want to sell it in the Current FY then CII is 363 Now say u sold it for 20 Lakhs Then as per old rate with indexation : 1. Adjusted Cost = 10×1.50(363/240)=15 Lakhs 2. Capital gain = 20-15=5 Lakh 3. Tax on capital gain = 1 Lakh(5 Lakh ×20%) As per new rate without indexation Tax on CG = (20L-10L)*12.5%=1.25Lakhs Hence, if we sell our property for 20Lakhs then we have extra tax as per new rate without indexation So ur claim of 2-3 times is wrong.. but it does not stop here.. pls read fully this is very impt. If we sell our property for 30L instead of 20L other things remaining same : 1. Under old rate a. Adj cost = 15 Lakhs b. Tax on CG = (30-15)*20%=3L 2. Under new rate: Tax on CG = (30-10)*12.5%=2.5 Lakh Now when u sell ur property for 30 Lakh u get a tax benefit of 50K under new tax rate and this get increasing as the sale price get increasing Summary: I don't support the indexation because the rates would have been reduced with indexation. That's would have given more benefit. Note: 363/240= 1.5125 (for simple calculation rounded off to 1.5 and even if we use 1.5125 the answer for the above example doesn't change) If you want to reply pls reply in a constructive way with ur set of examples and data.. don't abuse or use curse words. Peace✌️
I am someone who supported most of the steps taken by this government. I understand the fiscal deficit needs to be ropped in, but overtaxing the minority tax payers is too much. There has been increase in corruption, taxpayers money is being given to freeloaders. Hiding behind poor farmers the corrupt burecracy, rich and politicians get away with their black income. Instead of taxing these rich corrupt fellows they are over taxing a tired middile class. A brief example in a city like Mumbai a dhobi wala earns approximately a minimum of 1200 rs that coverts to approximately 30k a month. Now a person who earns that much in mumbai still pays around 3000 taxes, but he still will not get subsidized food for his family which the dhobi wala gets( as per the family size), plus he gets to build a home (nothing against that), where as a salaried perosn who pays taxes on buying rashan ( daal, atta, rice which dhobi gets for free), will also struggle with buying a house. He is also now paying taxes on his savings which he invests. How on earth that is fair to the honest tax payers? If your income rises disproportionately IT will raid your premise, but no such questions asked from our corrupy netas who enjoy all the subsidies, only sloganeering in their work place ( parliament) and yet see more than 100% increase in their net worth. Then we ask why is their a brain drain our nation, I ask what are we doing to keep talent in our country? The whole system is geared up to promote dishonesty but we all pay lip service to promote honesty, 'Amrit kaal' and' Ram rajya' cannot be achieved on dishonesty and corruption. 5 trillion dollar economy would be un-achiveable on such a small tax base, need maor rejig in education system and taxation of rich farmers.
Small correction bro, ur eg. Should be corporate companies. Small scale business development ll increase nation to develop the country. But the large scale industry should b taxed correctly with equality. Rules should b re-corrected according to modern technology developments. V wants young baba Ambedkar!!!! ❤
I used to love watching think school videos for their educational videos on business management but lately it's become pro-modi/govt channel which is clear from their recent videos.
yes me too , just feel disappointed . He starting covering them which is clearly visible .If he can't crisis he should not make content on these topics.
I used to be from Bihar(I have now managed to "escape" from Bihar and from India and live a respectable life in western country where I am shocked to see what all my tax money can give me in return). Anyways, any SINGLE PAISA spent on Bihar is a paisa thrown down the drain. They gave Bihar 26K Crores !! Arre baap re !! That's 20K crores of taxpayer's money gone into the pockets of netas, corrupt IAS officers, contractors and 5K crores of bridges that will collapse within an year of construction.
@@ujjwal2473 It's not that I don't want development for Bihar or for anyone else. I have no skin in the game. The problem is that even if Bihar is given 100k crore it will not make any difference in the condition of the state as everything will get stolen. What's the solution? Honestly, I don't know and don't care either
@@aakashjunooni a massive state like bihar just can not be ignored. Nitish must step down in next election and BJP must take the command and rule it with iron hand. Things will definitely be very different in next 15 years. With the rise of digital age , life of corrupt is not much.
@@aakashjunooni Firstly, the money is going to be spent on expressways, highways, airports and developing industries. But these are central govt projects, not state govt projects. I am from Bihar, and the infrastructure development here has been immense, particularly central govt projects. The reports of bridges collapsing are mostly those which are funded by the state govt. Secondly the world doesn't vanish if you close your eyes. You didn't do any good to Bihar by escaping abroad, you're just like the other Biharis who escape to other states for jobs.
@@rohitpant352 Easy to say on social media. Doesn't happen in real life. We Indians talk about iron hand rule but when the time comes, nobody like it. Sacrifice for the greater good is not our forte.
@@52incredibleAccording to their logic, India completely stopped growing and performing after 2014. Many say that Modi has turned back time like Dr. Strange and everything is reversing. Earlier we used to see live action (real-life) terror movie plots but sadly now we have to pay Rs. 200 to see the same in theaters. Modi takes the money and gives it all to Adani and Ambani, the children who he himself gave birth to. Ah good old days before 2014. India was full of cottage industries and everyone was so prosperous. Good old days when people used to sit under trees for natural fan. Now, Modi has introduced electrification and people now sit under artificial fan and pay Modi, which he again gives to Adani and Ambani, his sons. Good old days, when money was taken from govt treasury by politicians and distributed to public for free without providing the useless services(like 2G scam, Commonwealth scam, Coal scam). Now Modi has ended that money-distribution scheme and is building infrastructure to collect money from poor people😢 Good old days when we had taxes like UAe and services like Japan. I really wish we elect a far-sighted leader like Mr. Rahul Gandhi, a true democrat whose qualification for running the govt is that his family has an experience of doing it. Modi, a newbie can never compete with the Harvard graduate Mr. Rahul Gandhi who gave up his bodily form (willingly) and has now ascended upon us mortals with the immense experience in live action terror movie plots, politician money distribution scheme (that Bhakts call scams), etc.
@@52incredibleAccording to their logic, India completely stopped growing and performing after 2014. Many say that Modi has turned back time like Dr. Strange and everything is reversing. Earlier we used to see live action (real-life) terror movie plots but sadly now we have to pay Rs. 200 to see the same in theaters. Modi takes the money and gives it all to Adani and Ambani, the children who he himself gave birth to. Ah good old days before 2014. India was full of cottage industries and everyone was so prosperous. Good old days when people used to sit under trees for natural fan. Now, Modi has introduced electrification and people now sit under artificial fan and pay Modi, which he again gives to Adani and Ambani, his sons. Good old days, when money was taken from govt treasury by politicians and distributed to public for free without providing the useless services(like 2G scam, Commonwealth scam, Coal scam). Now Modi has ended that money-distribution scheme and is building infrastructure to collect money from poor people😢 Good old days when we had taxes like UAe and services like Japan. I really wish we elect a far-sighted leader like Mr. Rahul Gandhi, a true democrat whose qualification for running the govt is that his family has an experience of doing it. Modi, a newbie can never compete with the Harvard graduate Mr. Rahul Gandhi who gave up his bodily form (willingly) and has now ascended upon us mortals with the immense experience in live action terror movie plots, politician money distribution scheme (that Bhakts call scams), etc.
@@Iamreal11xingpingsitting in opposition it is easy to run mouth They can't even run a tiny territory like delhi, always blaming others. Whether it's the parali issue, air pollution, yamuna , drinking water crisis which we saw recently.
@@Iamreal11xingping😂those duffers who can't manage a tiny Punjab finance and crumbled that state but have the ability to blabber nonsense to bjp😂 what a 🤡this party is
Favouring ADANI POWER while taxing common man and then "re-investing" tax money into? collecting taxes! report dekho, tax ka paisa corruption me jata hai under name of "Collecting taxes"
@@Rahul-b6sI don't have any problems with paying tax but that tax money shouldn't get wasted, I'm pretty sure if my tax money is going to Bihar then it's going to get wasted
he is pointing out the reality of the Budget. if you listen to what he is saying, you will find that he has pointed out every Pros and Cons of the Budget, which in my opinion is on POINT. Very small relief on Income Tax, Very High Tax on Capital Gains, Favouring 2 states and not favouring the rest...........This is why the Market is a bit jittery currently.........The Government should have given some relief to the citizens since we have been under Pressure since COVID HIT the world......Although in the long term, this BUDGET may be GOOD for the Country, be WE can't deny the pain it will cost us citizens in the Present.
Development will be of no use if you are not structurally sound. Foundations of this country need to be stronger.....development will occur naturallyr@@maxverstapanfromkerala
Paying 20% STCG 12.5% LTCG TRANSACTION FEE BROKERAGE STT Stamp duty Getting Poor health facilities Poor infrastructure High corruption Best time to leave India
Ground reality is completely opposite to what the budget is all about. More than 30% of the budget will be taken back in the form of taxes and other expenses and more than 20% will be pocketed by politicians and officers
@@nrusimha11 There are plenty like him who have vague info about budget and seems to live in delusional state. WIthout any credible source or analysis they claim 30% here 20% there etc.
@@taskmaster0099 If even rookie , half-knowledge youtubers know what govt needs to do don''t you think govt which has a group of brilliant economists/policy makers are not able to figure this out / they don't understand what has to be done ? Every action/decision in this budget is well thought and backed by logic. Only flaw is people don't understand this logic/rationality behind this. These hard steps must be taken otherwise we'll live save mediocre life before 2014. This govt is capable of hard decisions even if it might cost them elections / get abused etc.
This felt like you were giving the clean chit to Gov.t on this budget. While mentioning the tax slab you did tell the increase in standard deduction, but you were so intelligent to hide it was in only on new regime, and you were also so cleaver in putting out the deduction without mentioning it's for only old regime (making believe viewers that there is something in tax for the salaried person), which has slabs of 0%, 5% and directly jumping to 20% for 5+lac and so on. While mentioning and showing the LTCG components and skipping the indexation seemed like you are making up with skipping taxation of 20% to 12.5%. And this new regime and LTCG & STT (double tax on single component) discouraged the investments.
Absolutely right I have seen his few vdos he always speak in favor of this Govt which is not correct. Really sad that he didn't criticise Govt on points you mentioned.
@@akshaychoukimath831 He has criticised employment incentive scheme of the budget. There is nothing wrong opting for new regime and avail revised tax slabs. Moreover, Indexation is beneficial for high approaching assets like properties. Please be realistic in ur comment. Just because FM has not given any relaxation for speculators doesn't mean it is a bad budget.
@@sgtlucifer5739 waiting problems... And also they come to India even for basic Root Canal treatment.... India is way better... And we have ample scope to improve
@@varunsharma5582 What percentage of the middle class in India invest in stocks? Its mostly the richer class that contribute to a lion's share of the investments. So, increasing capital gains isn't much of a hindrance to middle class in India.
They should tax farm income! Agriculture tax evasion is said to 20 times the GDP. Rich farmer don't pay any tax, and still get subsidies and farm loan waivers.
@@ujjwal2473 Thanks for telling that I am in richer class...Most of the youths are investing in market. yeah all are in rich class. even who just got into job also investing in market. yeah they are also richer class. Even who doesn't have job are investing including me. Yeah what you said is right increase in LTCG tax doesn't affect middle class. I am pretty sure that you dont invest...so you are in middle class. Invest bro you can also be in richer class.
Looks like when Modiji announced ‘na khaunga, na khaane doonga’ he was actually referring to 1.5 percent Indian population of honest tax payers.. because there is no reduction in corruption at ground level.. in India situation is like ‘taxes are like Europe, facilities are like Uganda’
Wo kha raha hai bas legally kha raha hai. Foreign trips par jaa hi raha wo taxpayer ke paisa se. China Pakistan itne soldiers ko roz maar rahe kuch nahi kar pa raha international stage par bhi. 56 ki chatti ki baate kar raha tha
Government is forgetting that these 2cr taxpayers have family and friends that counts to 6cr and 6cr people can definitely change the fate of government.
@@gaurangkarmakar4046but these people didn't get them seats/votes anyways so why would they give them votes now. this term is going to be a clown show
@@siliconhawk You give people subsidies, you will get vote in droves. Brute majority of the vote bank is non tax paying and more importantly it is subsidy guzzling. And then add to this economic stratification, the deadly mix of caste, ethnicity and religion and your fate is sealed. Don't blame the politicians, as the people of India are like that. And the politicians, being elected representatives of their regions and vote-banks, have no choice but to kowtow to their vote-banks whims and fancies. Yathaa raajaa, tathaa prajaa. Indians love tax evasion and freebies. And this has nothing to do with a particular community. People do it across the board. Even the tax paying segment of the voting population of this nation, particularly the middle class, besides being puny, is heavily fractured and fragmented on caste, ethnic and religious lines. The middle class needs to master the fine art of block voting which is particularly effective when you are in a minority. There is a particular minority demographic group in this nation which has perfected this art, using which it can arm twist the political class at will. Vote as a single unified tax paying middle class bloc. Prevent the tax paying bloc esp. the middle class, from being fragmented on other demo-graphic fault lines, particularly when it comes to voting for economic, infrastructural or financial and even environmental issues. Ethnic, religious, caste/tribal and other considerations may follow immediately afterwards. Dharmasya moolam artham. Economy is at the heart of righteousness/goodness.
Increasing taxes on LTCG and STCG for salaried people is not acceptable government must know that living costs have increased a lot and it is understood tax like european countries and get returns like underdeveloped countries Bangalore contributes heavily to the country's GDP and economy should have given relief to Bangalore's traffic congestion, pending metro projects lacking productivity and if state government wants empowerment of locals then should have given to places like mysuru,mangaluru, Hubli, belgavi, and ballari to create infrastructure and jobs there which is very disappointing and also it will benefit more to crony capitalists and totally unacceptable to tax retired people if they are getting pension from the government through atal pension Yojana
Don't expect from them. They are andh bhakt,don't go by their fluent English and number,charts. Watch their past video also. No matter what happens, they always defend this government
Did you guys catch the latest US CPI numbers? They're showing a significant increase. Looks like inflation might continue to rise. How can I impact my portfolio of $400,000 which has taken a big hit in recent times?.
@@Higuannn Personally, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@@hullbruce I work with the popular Sharon Crump Cline. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
Modi will loose next election if the govt attitude towards taxpayers continue like this. Also govt is killing lic, nps, ssy, mf etc by not giving any benefits on old regimes.
LOL people will vote out BJP only to find more taxes being levied by INDI alliance. Afterall they should know how much additional taxes INDI alliance party govts are charging in their states !!! They are not even sparing petrol and diesel with additional state govt tax.
@MrUllas91 Modi govt dares to punish middle class only because they can ... they are not fools ... next election, congress can forget getting any seats in Andhra and bihar ... also, bjp will get more votes from poor who will benefit from khatakhat schemes in this budget... middle class is a minority and will continue to be exploited irrespective of who is in power
Your loyalty and dedication to government and optimism towards its policies is truly touching. This budget is the worst by any govt in last 30yrs. It doesn’t help any section except super rich or poor and polity of bihar and a.p. Yet you managed to make it look like blessing for people, something people needed. Because govt budget has made sure that majority of actual taxpayers keep paying taxes for nothing. And Fiscal deficit give the hard numbers and not percentage then truth can be seen.
@@mallik-viewi support the tax cause I know I won't sell my mf for next 20 yrs.. 😅 also this isn't a big tax tbh... Normally people get 12-15% so with 10% tax they get 10.8-13.5% ; now with 12.5% it's 10.55-13.1% Although I currently in 4-5lpa bracket, next yr maybe it will be 6-7lpa ... But i will still remain taxless.. So yeah.. It's good enough for me
Yup vote for congress instead 45% inheritance tax, 75% reservation in indian education system And a lot of Freebies [Or do one thing which I'm going to do soon] Move out of this country as soon as possible..
same! if i remain till next election, definitely wont vote. i am considering moving out. this year or next year but i am going. NOT in USA and Australia, may be UK or Dubai. Definitely saving my self respect.
@@Alphabetagamma738 BJP has already brought in inheritance tax through backdoor by removing indexation. Many BJP ruled states already have high reservation ... BJP is many times worse than Congress and they have to be defeated in all coming elections
People need to understand that it's been 10 years since Andhra Pradesh was formed, and it is the first time ever the Budget included AP. [Thanks to the political reasons]. The state has been sinking, and yet the govt has always turned a blind eye. The state has been suffering financial losses, corruption, drug mafia, no capital and a lot more, but the central govt didn't care about it. We did not get proper funds, we were left to hang dry while Telangana bagged a lot of investments due to Hyderabad. AP needs to be developed, let the metropolitan cities in India breathe, and more importantly that 15000 CR is just a loan from World Bank not from the Centre's pocket.
What did the previous state governments do for that? Are the state's people willing to take some pill and willing to take some cut in subsidies?? No. They are a curse on the nation and world
I don't care about Andhra budget because atleast their state government use 40% in progress but we have a problem with Bihar budget all budget are going in pockets and freebies.
Ofcourse it is Nice to Be a Failure, then You get the opportunity to be Priortised over Someone Topping the Class and because you are a leak in the system. Yeah, let us keep giving more money to corrupts states so that honest growing states and people could suffer.
You didn't mention the removal of indexation which is another point people are angry over. This will push the real estate market into black money transactions
HE is BJP Chatukar. His videos are always biased, potraying BJP as hero. Its better to watch 3-4 videos on same topic and research yourself and then form any opinion.
See the holding period to qualify for LTCG was 3 years and tax was 20% with indexation. Now it is 2 years and tax is 12.5% without indexation. (Now I don't have to wait 1 whole year to avoid higher STCG) So effective tax for majority of the people will be lesser. For GenZ and Millenials like myself who have recently bought or want to buy and then sell, this is an absolute win. But for a minority of the people who have bought properties in early 2000s this is going to be bad. Also further this will prevent rich people from hoarding properties as investments for a long time. They don't even rent those properties due to RERA which leads to a housing problem in cities. Am I right?
@@prathameshtandale724 Minority of people? Where is your data from? Fresh income earners don't have enough income to buy properties, they are a substantial investment. Most property owners have held their properties over a long term, and even for the new purchasers, the govt is promoting the use of black money.
@@raunaqsharma6476 No I read that 50% of India's population is below 25 and 65% below 35. I was talking in age demographic terms. Not in terms of property owners. Even if you take property owners we'll have to mention that indexation is removed from properties bought after April 1, 2001. So the old fellows are also safe. So exclude youths, exclude the elders. You'll call the remaining a minority only right. I think I'm correct in my analysis😅. Your thoughts?
Every time a new budget is announced people just talk about it for first few weeks and then forget about it. Nirmala Tai knows this as well and which is why she can do it again and again.
@@Raja-it8en glad ill leave the coutry next year Do i have regrets??? Absolutely not Europe 60% tax Facilities first class Better life expectancy Better infrastructure Less pollution Less corruption India 30% tax Absolute shit
Our human resources are abundant. There is a huge demand for truck drivers, elderly care & nursing around the world . Govt should tap the opportunity by training our youths in these areas, instead of wasting the money by giving it to big companies.
Your comment shows that you know nothing about the economy. How are you even correlating truck drivers and nurses to internships and emplyment at companies? Do you even understand the importance of the latter?
Great idea. I wish someone from the government side is listening. I know so many poverty stricken youth who are willing but do not have the money to get a driving licence or study nursing etc. As you rightly say, these are valued skills in rich countries. The government can impart FREE TRAINING to these poor people and help them to go abroad. Similarly there must be so many areas we are not aware of. The problem is always corruption. India Today TV, before it became a caged parrot, in 2016 or so brought out a scam in Maharashtra in Skill India Yojana or something. There, on paper, several villagers are supposed to have got training as tailors, carpenters etc and their names were on govt website. When journalists actually checked with the individuals named, they found out they were lies and that the villagers had provided their Aadhaar and signed documents given by low level party guys who told them this was for their future training! I wonder whether anyone was ever punished for this
It is surprising that no one talks about the old tax regime. In old tax regime a person earning 20lpa saves around 60k to 1lakh. And if the slabs were rearranged/revised like the new regime then it would be more than 1.2 lakh. And if we take an average of people falling in all tax slabs then there would be a savings of 60k compared to the new regime and 25k comparing the old and revised old regime. I like the habit of "think school" to find a positive point in every government decision but that doesn't help our pockets. Maybe it is helping fill think school's pockets.
Bro if it's not seen positive.. this video might get deleted soon or might be a case filed against think school.. not an attack on think school just speaking the ground reality. Even think school knows we (middle class) are squeezed like a sugarcane.
All the BJP is doing is somehow managing the economy with some tweaks here and there. They have no clue about macro economics and how to put money in common man's hands. Next year is going to be tough for everybody due to world wide recession. Govt. should not change these IT rules every year , because people cannot plan their investments properly in such a short period. Somebody invested in MF last year based on the prevailing IT rules at that time and suddenly when they want to reap the benefits after 1 year , they are being penalized with more tax. This is nonsense
dudu you are contradicting yourself. The fact that you realise next year there is global recession how can all IT rules be same ? Macro economics !!! Agility and flexibility is the name of the game. That is why there are variable rates in all areas whether interest rates, mortgage rates or service tarrifs
ONLY when AAP governance model of Delhi is replicated all over India will we have New corrupt free India truly with great schools , health care and ow taxes
@@yoshida_pb jailed without any evidence, raids didn't find a single rupee. Jailed using govt agencies like CBI, ED etc only because he amd his party can't be defeated in an election in Delhi and they won't also accept bribes or defect to BJP. So this is mere harassment aur kuch nahi. Just like AK won Delhi 67/70 soon even Bharat will be won. Chowkidar knows AK is the only threat and hence he is being harassed without proof
You know why I listened to these podcast, because they were kind of impartial. But now looking at this video and the motivation to just not comment on how the government has treated the middle class shabbily, gives me a better idea of how this channel is
"Narendra Modi and Amit Shah to Nirmala Sitharaman : Dont tax companies as Adani and Ambani are Poor, Tax Middle Class they are Rich" Nirmala Sitharaman "Yes Boss"
Let them tax the rich and make them decrease the employment which leads to more unemployment, good job you have successfully taxed the rich. Instead of saying they don't tax the rich you should understand why they don't get taxed as much. Their net worth is in thousands of crores and even the debt is in thousand of crores.
@@rammaharjan8674 haii yaar aj toh man gayee at the beginning this channel used to be such a informative place... Now it's less about case studies for business and more about the govt praises. 🫠
I think our government is intelligent enough to understand that even our professors and colleges are useless. So better they give incentives to employers and employees so that employees can upskill themselves or employers can invest in upskilling their employees. For example, they can give a free coursera subscription to employees.
Read the condition of EPFO & Job creation scheme. No employer will sign for it. If employee leaves company before 1year then employer will reimburse this amount to govt. Read conditions, if enrolled the most employers cannot fulfill the condition. And if not fulfilled, they will suffer the penalty in form of reimbursement of complete amount. Refer LLA video.
True, Our education is a mess. Not because of govt but the mentality of intellectuals. You will find most of the govt officers with bullst subjects.They don't have skills.I
People think they are intelligent enough to tell govt what has to be done , people who have no background in ecnomics are telling what steps govt should have taken. But the govt with team of brilliant economists don't have a clue about what needs to be done , cumm on man what ever announced in budget is well thought and important for our economy. Why would govt take decisions that will anger citizens and have no benefit to the economy given the fact that their govt is already in coalition and weak ? Only this govt is capable of giving red pill to citizens , these hard steps have longer implications . BJP if wanted to just be in power could have taken step that will please citizens and make them win elections just like what congress does. People deny this but Infra is improving at rapid way despite this people will generalize whole infra via some incidents of airport ceiling falling , some bridges failling etc.
Hey! A great and detailed video; however, the drone shot you have used for IIM Indore is actually owned by us and has been used by us in a couple of videos for IIM Indore. Would really appreciate if you give the due credits and take required permissions before using it. Let's promote a healthy and collaborative culture in the media space.
To all those saying that govt is taking tax like Sweden and giving facilities like Sudan, bhai population dekhke baat karo 😂 And I don't think that even after imposing taxes on high Agriculture income will effect a lot because more than 70% farmers have marginal lands with probably 60-70k income per annum. And rich people will fly out of the continent if taxes are increased on them. Ultimately it's the middle class who has to bear taxes.
one wrong move and everything positive becomes negative? I am also disappointed by Budget but I will never shift to congress. People don't want to stop being corrupt but want govt.to be perfect. We... citizens of India 😔
Congress is already shit and now BJP is trying to pinch the nerves, they introduced demonetization to curb BM but now they're simply creating a new era of BM by doing this.
My friends who moved to US are complaining worse than this. Mind you, they make upwards of 150,000$. The situation is bad everywhere. It is not limited to India. Brace yourself for the day when the global economy goes burst
@@Sporthyravuri91 atleat they are getting better services than this.... here what we get in return depends on politics.... It's exactly like the MP said "Taxing like England and Services like Somalia" Defense equipments are nearly rusted, nobudy have job, most road look like moon's surface....
Every country is showing middle finger to their middle class. Since living standard is different, hence it might look like they are living a better life abroad.
@@AbstainAndChill You are comparing US or European countries to India. US has the almighty dollar which is the world's reserve currency. They can print money as much as they want and everyone else will pay for it. EU counties have looted Asia, Africa and South America for centuries and made their economies. India got independence in 1947 and got liberalized only in 1991. India has huge problems, but comparing India to developed countries is really unfair in this regard
Middle class is like the Vada in the vadapav always crushed between upper and lower class.😂 So in today’s world being middle class is the biggest curse.
Most of them are saying tht IT & GST filling people are some approx I guess 10cr .but other people are complaining about budget..they are forgetting tht if tax rate is increased now burden will upon our future
Bro not gonna happen. You saw what they did when they brought reforms. Here in this country people are bhikari and once they are acting like that there is no possibility that they will give up those freebies. Even at this point we should completely stop giving MSP to farmers.
@@hiteshgujarathi4636bro kindly do some research and try to understand economics before saying stop giving MSP to farmers.. Be the farmer first then talk
@@sagarmore5717 do you know why MSP was introduced? We have surplus crops of wheat and rice now and there is no need for that. Only 18% farmers get benifits from that. Still you want that nonsense to ruined all the taxpayers money. BDW I own 32 acre of farm land myself and been exporting products in gulf for 20 years. If you have enough knowledge then you can be successful in farming otherwise no wonder most of them kept expecting loan weaver, free electricity and all kind of subsidy which does nothing but taking away the ability to improve and adopt to change.
@@hiteshgujarathi4636 you statement is for whole farmer's.. I belong to farmer family and that too from draught area..what challenges we faced no one will understand.. sorry to say in India..one is Bharat and one is India.. U with ur thoughts and ur level of earning and standard of living concluded whole class of farmers.. 18% is also people who living in this country and there is need to have MSP for entering them in Elite class that u are..u can not straight away say like cancelling MSP... I stating about this
@@hiteshgujarathi4636 and you should think twice before using language...bhikari and all... U can have ur different thoughts..is very much okay...but using abusing word's like bhikari...is not acceptable
The biggest problem of this country is population. Learned people says that population is not burden, a nation should make its people resource. But Indian population is a biggest resource(market) for outsiders rather than India. If we reduce our population we can mitigate all problems that are arising from it.
@@its__OVER yeah they should but i read they increased surcharge on super rich here is reference: Abolishing the wealth tax also simplified the tax structure. As an alternative to the wealth tax, the finance minister hiked the surcharge from 2% to 12% for the super-rich section. The super-rich segment includes individuals with an income of above Rs.1 crore and companies with an income of over Rs.10 crore.
@@Raja-it8en For rich, they have decreased the ltcg on unlisted shares from 20 to 12.5%. Be rich, pay less tax. Be poor, get somewhat more benefits (Rs. 5k/month internship). Be middle class sponsor the rest and the ministers.
I really think people are copy-pasting the same thing over and over like bots. Buddy go and check the health, education and R&D pool, and then comment on it
@@martin96991to hell with AAP.. and BJPee and Con-gress.. i need to know what is my return to investment when I pay taxes.. if I'm paying 25-30% of my hard earned money to govt.. and getting pathetic return.. no sanitation.. pathetic medical facilities.. traffic jams .. Why should I pay taxes.. What is my return of investment... The government is there because of my vote and taxes i demand accountability for my tax
Only 2% of total population are paying Income Tax. Govt should work on including more people to tax bracket....But they are busy in heavily taxing the same people every year...
🎯 Key points for quick navigation: 00:00:03 *🎥 Introduction to the Video and Context* - Overview of the video's unconventional format without a script, focusing on loose points and casual discussion. 00:00:17 *📉 Concerns about Taxation and Public Perception* 00:00:32 *💰 Impact of Income Tax Brackets on Viewers* - Insights into the impact of income tax brackets, particularly affecting viewers earning within the 30% tax bracket. 00:01:17 *🙏 Public Sentiment and Hope for Tax Relief* - Expressions of public frustration and hope for tax relief, emphasizing an annual ritual of disappointment with taxation policies. 00:01:30 *🛡️ Critique of Taxation Philosophy* - Criticism of taxation on every aspect of life, from birth to death, reflecting a broader discontent with government policies. 00:01:45 *📊 Impact of Taxation on Personal Finances* - Discussion on how taxation impacts personal finances, including salary deductions, and subsequent spending on goods and services. 00:02:13 *💡 Reflections on Societal Compliance with Taxation* - Insights into societal compliance with taxation, highlighting widespread discontent and skepticism about the future. 02:54 *🏥 Health Insurance Challenges in India* - Explains the challenges faced by individuals with health insurance claims in India. - Private insurers are preferred due to concerns about government insurance providers. - Anecdotal experience highlights the complexities and emotional impact of dealing with health insurance claims. 04:30 *🌍 Global Comparison: Tax and Penalty Systems* - Contrasts the penalty systems of different countries, using Australia as an example. - Illustrates how tax policies and penalties in Australia influence consumer behavior. - Raises questions about transparency and consumer awareness in tax policies worldwide. 05:28 *🗳️ Understanding Voting Behavior in Democracies* - Voting behavior in democracies like India revolves primarily around economic development versus welfare society debates. - Majority of voters tend to prioritize non-payment of income taxes, impacting economic policies and government priorities. 06:11 *🚔 Prioritization in Governance and Public Services* - In democratic contexts, government priorities often lean towards issues that resonate with non-taxpayers rather than those contributing to income taxes. - Examples from police stations highlight how cases are prioritized based on public interest and perception of crime severity. 07:05 *🏥 Government vs. Private Healthcare Priorities* - Discussion shifts to healthcare, contrasting the treatment quality and availability between government and private hospitals. - Taxpayers question the benefits received in return for their tax contributions, especially in sectors like education and public health. 08:14 *🔍 Issues with Education System* - The discussion centers around challenges in the Indian education system, particularly regarding corruption and inefficiencies. - Government schools are criticized for poor quality and lack of accountability. - Private schools are seen as exploiting parents with high fees and offering better educational standards. 08:56 *🏫 Education Disparities* - Disparities between government and private schools in India are highlighted. - Government schools are perceived as lacking quality education and facing systemic issues. - Private schools are accused of overcharging and not necessarily providing better education despite higher fees. 10:04 *🚗 Road Taxes and Infrastructure* - The discussion shifts to road taxes and infrastructure challenges in India. - Issues include high toll taxes despite questionable service quality on highways. - Lack of transparency and public dissatisfaction with the allocation of taxes for road development are noted. 00:10:59 *⚠️ Challenges Faced by Business Owners in India* - Small, medium, and large-cap business owners in India face significant challenges with tax compliance and bureaucratic hurdles. - The burden of compliance and harassment from authorities affects businesses of all sizes. - Small business owners, especially, struggle with GST payments and income tax issues, finding it challenging to navigate the complex regulatory environment. 00:12:00 *🛡️ Realities of Being a Business Owner in India* - Being a business owner in India, particularly for small businesses, is extremely challenging due to high taxation and pervasive corruption. - Business owners often feel squeezed between tax obligations and the difficulty of running a profitable enterprise. - The Indian business environment is tough, and small business owners especially find it hard to sustain and grow amidst bureaucratic and financial pressures. 00:12:52 *💼 Privileges and Challenges of Taxpayers in India* - Taxpayers in India face significant challenges but also enjoy some privileges such as certain government services without waiting periods. - However, the privatization and bureaucratic inefficiencies lead to disparities in service quality compared to countries like the US and UK. - The taxation system in India poses both advantages and disadvantages, affecting the daily lives and businesses of its taxpayers. 13:49 *⚠️ Privileges in Indian Healthcare* - Indian healthcare facilities offer privileges like immediate access to hospital beds and doctors, unlike many Western countries. - Privileged services in Indian hospitals include quick access to medicines, personalized care, and room amenities, contrasting with Western hotel-like hospital concepts. 14:17 *🛡️ Parking and Access Privileges in India* - In India, middle-class individuals often enjoy parking privileges similar to those of the wealthy in developed countries like the US and Europe. - Access to facilities such as gyms and shopping malls includes perks like valet services and immediate parking, highlighting disparities in access based on income brackets. 14:59 *💼 Economic Disparities and Tax Brackets* - The Indian middle class faces higher tax brackets compared to developed countries, affecting disposable income and access to services. - Economic advantages like skilled labor and knowledge are unevenly distributed, leading to perceived unfairness in income taxation and economic opportunities. 15:40 *🚀 Infrastructure Challenges in India* - Despite pockets of good infrastructure in cities like Delhi, India struggles with robust infrastructure across the board. - Democratic issues affect infrastructure quality and resilience, evident during monsoons where even developed areas face flooding due to inadequate drainage systems. 16:23 *🌍 Contrasting Global Perspectives* - Comparing infrastructure in Indian cities like Delhi to places with better infrastructure highlights significant disparities. - Despite local improvements, challenges such as flooding reveal broader issues with infrastructure resilience and planning in India. 16:51 *🚧 Urban Infrastructure Challenges* - Urban infrastructure development often involves challenges like widening roads and relocating businesses and homes. - Municipalities face complexities in managing environmental concerns and public reactions. 17:20 *🛣️ Democracy and Infrastructure Development* - Democratic countries like India often encounter delays in infrastructure projects due to bureaucratic processes and public consultations. - Rapid infrastructure development seen in countries like China contrasts with democratic deliberation. 18:03 *🗳️ Political Discourse and Freedom of Speech* - Public discourse in democracies like India involves diverse opinions on government policies and decisions. - Freedom of speech allows individuals to critique government actions without fear of censorship. 18:57 *🇮🇳 Constitutional Protection and National Identity* - India's constitution protects fundamental rights and promotes national identity amidst debates over economic growth and emigration. - Some individuals express a preference to emigrate despite the country's constitutional safeguards. 19:26 *🌍 Reasons for People Leaving India* - Reasons for Indians shifting abroad, - Discussion on tax benefits in countries like Dubai, - Personal and cultural connections influencing decisions to migrate. 19:52 *🏠 Importance of Cultural Roots* - Importance of retaining cultural roots while living abroad, - Impact on future generations' identity and cultural connection, - Balancing personal success with cultural identity. 20:20 *💼 Challenges and Success Abroad* - Challenges faced by Indian expatriates settling abroad, - Success stories and career opportunities in different countries, - Comparison of lifestyle and satisfaction between India and other countries. 21:03 *⚖️ Perspectives on Tax and Privilege* - Views on tax implications and privileges of living in different countries, - Discussion on maintaining a sense of pride and connection to India, - Challenges and benefits of democracy in solving societal issues. Made with HARPA AI
PradhanMantri aawas yojna Urban 2.0 and Rural Five Employment and Upskilling packages Infrastructure No Taxation now upto 7.75 lakh MSP increased for farmers Research and Development fund 80 crore people free ration Ayushman Bharat scheme Who is this for?😂
As per today to live in a metro city one family needs atleast 10 lpa, School fees, bus fees, project work, tution fees, books and notebooks, uniform fees, college fees, grocery, private health insurance, life insurance, minor health checkups(lab charges), electricyt bills, gas bills, medicines, doctor fees, govt bribe arbitarty number, bike insurance, movie expense for 1 movie 1200, atleast 5 movie a year will cost 5000 to 6000 a year on this, special dates like birthday & marriage anniversary, deevali expenses, dress and apparel expenses, daily office expense in bike (petrol per month in liters 40 avg ) 40 *100= 4000 per month and 50k per year for a salaried person. etc. for me last year alone it costed me 26000 for communication bill (recharge for 4 people(4 sim recharge for 1 year), internet (home wifi) ) yet choosed very nominal plan.
And bring back corrupt government? Kid Earlier tax was like 2.5lacs nothing 2.5 to 5 lacs 10% 5 to 10 lacs 20% Above 10 lacs 30% Now explain genius which one is better pre 2014 or now?
@@ApulicaOfficial gulam it was 12% in 2010 8.9 in 2011 9.8 in 2012 10.9 In 2013 And highest in Modi term is 6% in 2020 You just proved yourself a birdbrain gulaam
Am a banking aspirant and have gone through the budget analysis myself from various sources, but then watched your video too for Revision and how beautifully you've explained all the key points without any jargons and explaining the one's which were necessary. Kudos to the Team👏
@@bharatht.s5525u think she can do anything without knowledge of modi?? It's the decision of bureaucrats and modi she is just a spokesperson dnt hate her hate modi blame modi
Nirmala Sitharaman is not middle class, so she doesn't care about the middle class, and she doesn't invest in equities, so high capital tax doesn't matter to her, just like she doesn't eat onions, so high onion prices is not her concern.
@@SrutiTravelvlogsPradhanMantri aawas yojna Urban 2.0 and Rural Five Employment and Upskilling packages Infrastructure No Taxation now upto 7.75 lakh MSP increased for farmers Research and Development fund 80 crore people free ration Ayushman Bharat scheme These are for corporates?😂 nah buddy, the budget is for the poor people, not rich ones.
@@Sporthyravuri91 No increase in tax for corporates is the benefit. Because everyone directly or indirectly will be paying more. So no change is also good comparatively for corporates 😂
Modi government has failed in understanding the middle class, from Arun Jaitley to Nirmala sitaraman.😡😡😡The Modi government's policies always have neglected and insulted the middle class. 😞Taxation reforms, such as the implementation of the Goods and Services Tax (GST), have increased the financial burden on this segment. Additionally, there has been a lack of significant income tax relief for the middle class, despite rising inflation. The handling of demonetization in 2016 caused significant inconvenience and economic stress to middle-class families. Education and healthcare costs continue to rise without adequate government intervention. Job creation has not kept pace with the growing number of graduates, affecting middle-class employment prospects. The real estate sector's slowdown has also impacted middle-class investments. Public sector bank reforms and increasing non-performing assets (NPAs) have created insecurity regarding savings. There is a perception that the government favors large businesses and the wealthy. Overall, many middle-class citizens feel overlooked and underserved by current economic policies.
I appreciate think school for finance literacy it bring in India i am 10 th grader and from 8 th class I am seeing his videos very thankful to you for giving me intrest in buisness
00:04 Budget 2024 sparks chaos and criticism 02:46 Government's vision and major themes for Budget 2024 06:52 Government should invest in incentivizing colleges for better education 08:53 Budget 2024 introduces E voucher scheme and Credit Guarantee Scheme for MSMEs 13:04 Government's focus on increasing productivity and climate resilient crops 15:13 Revised tax slabs aim to reduce tax burden on salaried employees 19:11 Revised tax regime likely to save 17,500 rupees per person per year. 20:59 India's fiscal deficit has significantly reduced, which is beneficial for the economy. 24:49 Importance of balanced fund allocation to all states 26:30 Key sectors expected to benefit from Budget 2024
worst for middle class honest tax payer. Govt has not either changed slab for old tax scheme since so many years or they could have increased 80C limit from 1.5Lakhs to 2-3Lakhs, thin in turn saving will go to banks and financial institutes. Govt could have honoured honest tax payer by reducing tax percentage for 5-10 Lakhs from 20% to 15% and for above 10 Lakhs from 30% to 25%. Looting a lot of money from LTGS, STGS and STT. Shame on Govt. What can we get from economically illierate laday. Govt not using economic expert like Subramanian Swamy. Govt only need puppet like Nirmala Mam. Future 2025 Budget: 1. Tax on Drinking water 2. Tax on Breathing Air. 3. Tax more/Lodge complaint if you oppose Govt policies.
Kya fookta hai tu? 15 lakh tak tax 10% bhi nahi hai kya 20 30 lga rakha hai and usme bhi 80c and child education home loan etc yani lagbhag 18 lakh tak direct tax 10% hai ussey upar kmane par 30% but how many earn salary more than 18 lakh ?
@@mohanv88 now you are comparing apple to oranges. Stop pulling stuff out of your life. Social media bnd krde kuch din and relax . Life is not that bad.
You cannot show shit !!! Middle class that too income tax paying percentage is very less and never vote. The onces who vote are getting freebies and have no job and they vote !!!
From the people of Manipur, we can't thank you enough for mentioning Manipur and bringing up the issue. I hope this budget is an eye opener for all of us.
Middlle class in India is probably luckiest !! Just go and find out how tax slabs work in UK, Europe and US. UK, Europe being worst. Higher income slabs reach up to 47 to 50 %
Nirmala Sitharaman is not middle class, so she doesn't care about the middle class, and she doesn't invest in equities, so high capital tax doesn't matter to her, just like she doesn't eat onions, so high onion prices is not her concern.
Andhra budget, go and do some research and find out how much does government spend on south states in comparison to north and also dear brother, please find out the andhra pradesh reorganization act made in 2014. This is the first time after the bifercation andhra is getting what its needed to get. Please do not look it in political perspective but in inclusive perspective of one of our country's state with literally no capital.
Andhra Pradesh is getting its fair share as per reorganization act. We have been ignored for 10 years. This is on top of the loss due to state bifurcation. Everything announced in the budget is part of the AP reorganization act. In fact we are getting it very late. Another thing we haven't even got the railway zone and steel plant as part of reorganization act.
Titanic had Iceberg and BJP has Nirmala ji. When I got my first interview, the first question they asked was, "You're a fresher, and with no break between 12, UG, and PG. So, what is the guarantee that you will not leave the company in just 5 or 6 months for preparing for competitive exams?" Many companies are afraid of this too; they plan for a long time with the belief that the new recruit will not leave the company, but due to the over-obsession with competitive exams, many companies are really worried about hiring freshmen into the workforce, especially in the agriculture sector.
PradhanMantri aawas yojna Urban 2.0 and Rural Five Employment and Upskilling packages Infrastructure No Taxation now upto 7.75 lakh MSP increased for farmers Research and Development fund 80 crore people free ration Ayushman Bharat scheme Who is this for?😂
@@Raja-it8en What abt LTCG and STCG taxes? you are gonna say Middle class youths are not investing in markets? or you gonna say market is only for rich people class?
Thank you.. Really a nice presentation.. my opinion is .. 1) stop freebies 2) collect little taxes from forming 3) do one of these 1 and 2. 4) complete the ejipura flyover 5) complete the polavaram project
it's only above 1.25 lakhs, so people who are middle class and lower wouldn't have profit of 1.25 lakhs every year but blame the government that they are still in middle class or poor.
@@cool254 people invest for goals like children's education/marriage, retirement etc. And these investments happen over multiple years. There is no guarantee that every year you will have enough returns to take out 1.25 lacks. So, increasing LTCG is wrong. And please be ready for 20% LTCG in near future.
@@ranjeetd90 for every year transaction it doesn't affect any middle class as the cap is already 1.25 and increased now. Only for scenarios such as Lumpsum redemption it's affected. Let's take a realistic example of a middle class person transaction in lumpsum. A transaction of 5 lakh(education )with 1.25 lakh profit: 0tax. Also government has reduced tax in new tax regime which would save atleast few thousands a year. Transaction of 5 lakh with 3 lakh profit: Before: 20k tax Now:21.8K Transaction of 10lakh with 5 lakh profit: Before: 40k Now:46.8k So people who comment lower and middle class are affected should learn basic math and understand it doesn't affect them, infact the loss in Lumpum amount (rare) is compensated by reduction in new tax regime... But yeah mostly the upper middle class and rich are affected. People of India have still backward mindset of paying no tax and blaming the government. Yes the results would take decades and people who pay tax would definitely not get anything in return but we need to understand that we should start somewhere, People in US are actually getting in return from government, only because their people payed tax decades back.
I've been a long-time viewer of your channel and appreciate the content you produce. However, I can't help but notice your unwavering support for BJP, no matter how many times they mess up. It's almost as if they can do no wrong in your eyes! I get it, loyalty is admirable, but blindly defending BJP even when their actions are indefensible really takes dedication to a whole new level. It's almost like you're their PR agent! A little balance and willingness to call out mistakes might actually add some credibility to your channel and it's okay to admit that sometimes your favorite political party gets it wrong. Looking forward to seeing a more nuanced perspective in your future videos. Keep up the great work!
YAA BUT IT IS STILL better than defending aap against kejriwal you just think what is in your favour but budgets are made on taking into account overall aspects
Perhaps the blindfold is on you, no offence! He presented everything with facts and figures and criticised where he felt right. May be you need more nuances to look at the content. We are all forgetting how a civilised content is produced by watching most contents on social media.
A view on budget 1) Money given to Bihar is a charity 2) Andhra might use atleast half of the money. Rest half will be a charity. 3) no benefits in any way for middle class. Just pay tax at each and every juncture of any monetary transaction(salary, mutual funds,stocks,insurance etc). While the rest 138Cr. People will enjoy free houses,water,electricity,some states even giving free cash now. Best period for non tax payers. 4) Govt focus on fiscal deficit is good Lastly we would like if you can do another video later in comingbyears to check on the government promise in budget.
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Hey
Nice informative video.
But you missed on the part of tax oayers money allocated to Bihar's pathetic infrastructure work.
Bhai indexation to cover hi in kiya 👀
This is waste of time. Don't join such free sessions. It seems like scam.
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I definitely share your sentiment about these firms. Finding financial advisors like Annette Christine Conte who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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Joke is ipl is ngo and is tax free 🤣
Sports needs to be tax free which ever sport it is.
@@_psychopath_5623isn't IPL for entertainment?
@@missanorajjohnthattil8526 For that matter, all sports are for entertainment (indirectly). But Sports as a class, shoudl be NGO. This creates many opportunities for athletes. Having said that, they can introduce a tax on high revenue sports.
laughable !!
Ipl is taxable...but bcci is not ..i think
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
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Please can you leave the info of your investment advisor here? I’m in dire need for one
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Few points can't be avoided:-
1. Indexation benefit in Capital Gain is removed.
2. STT is increased.
3. STCG is increased.
Every year Budget is allocated properly but when it comes for implementation, they give us "Junjuna."
He will not talk about indexation, thus channel is slowly becoming pro BJP. Ni matter what , he tries to back it
@@aj2396 I agree 👍
@@aj2396 its very embarassing
@@aj2396You can point this out, but he ain't baised. He isn't an expert to cover a complicated subject like tax
@krish7199 He is bro. He can explain.
2cr taxpayers paying 40% of their income for 140cr citizens
40%?
This youtube guy,whatever may be the topic, finaly pro badai modi.
What you mean by 2cr 😂
@@prayanjaltomar752 2.2% of the total population pays 17.6% in direct taxes. While 100% of the people pay indirect taxes and other charges which is around 18.2%. And shockingly all the corporates whose profits have been increasing every year are paying only 17.3% in corporate taxes
Then what about GST, ROAD TAX, PETROL TAX, etc...
How could you miss the removal of Indexations? That's a huge blow to the middle class people
Spot On !!!👍 A convenient omission
That's definitely not a big blow to the middle class, rather rich real-estate tycoons 😂
@@arahul4045 If you don't own any land or real estate property then you are probably not a middle class person. If you do own some and when you sell it due to emergency such for medical expenses, etc. then you have to pay way more (even upto 2-3 times more) tax on the sell amount.
@@ashutoshbuch go and read CBDT FAQs out there.
@@Mk-Amo not to support removal of indexation.. but what u r saying is not true (2-3 times)
For example lets say u buy a house for 10lakhs in 2014 and CII for the FY 14-15 : 240 and if u want to sell it in the Current FY then CII is 363
Now say u sold it for 20 Lakhs
Then as per old rate with indexation :
1. Adjusted Cost = 10×1.50(363/240)=15 Lakhs
2. Capital gain = 20-15=5 Lakh
3. Tax on capital gain = 1 Lakh(5 Lakh ×20%)
As per new rate without indexation
Tax on CG = (20L-10L)*12.5%=1.25Lakhs
Hence, if we sell our property for 20Lakhs then we have extra tax as per new rate without indexation
So ur claim of 2-3 times is wrong.. but it does not stop here.. pls read fully this is very impt.
If we sell our property for 30L instead of 20L other things remaining same :
1. Under old rate
a. Adj cost = 15 Lakhs
b. Tax on CG = (30-15)*20%=3L
2. Under new rate:
Tax on CG = (30-10)*12.5%=2.5 Lakh
Now when u sell ur property for 30 Lakh u get a tax benefit of 50K under new tax rate and this get increasing as the sale price get increasing
Summary: I don't support the indexation because the rates would have been reduced with indexation. That's would have given more benefit.
Note: 363/240= 1.5125 (for simple calculation rounded off to 1.5 and even if we use 1.5125 the answer for the above example doesn't change)
If you want to reply pls reply in a constructive way with ur set of examples and data.. don't abuse or use curse words.
Peace✌️
I am someone who supported most of the steps taken by this government. I understand the fiscal deficit needs to be ropped in, but overtaxing the minority tax payers is too much. There has been increase in corruption, taxpayers money is being given to freeloaders. Hiding behind poor farmers the corrupt burecracy, rich and politicians get away with their black income. Instead of taxing these rich corrupt fellows they are over taxing a tired middile class.
A brief example in a city like Mumbai a dhobi wala earns approximately a minimum of 1200 rs that coverts to approximately 30k a month. Now a person who earns that much in mumbai still pays around 3000 taxes, but he still will not get subsidized food for his family which the dhobi wala gets( as per the family size), plus he gets to build a home (nothing against that), where as a salaried perosn who pays taxes on buying rashan ( daal, atta, rice which dhobi gets for free), will also struggle with buying a house. He is also now paying taxes on his savings which he invests. How on earth that is fair to the honest tax payers?
If your income rises disproportionately IT will raid your premise, but no such questions asked from our corrupy netas who enjoy all the subsidies, only sloganeering in their work place ( parliament) and yet see more than 100% increase in their net worth. Then we ask why is their a brain drain our nation, I ask what are we doing to keep talent in our country? The whole system is geared up to promote dishonesty but we all pay lip service to promote honesty, 'Amrit kaal' and' Ram rajya' cannot be achieved on dishonesty and corruption. 5 trillion dollar economy would be un-achiveable on such a small tax base, need maor rejig in education system and taxation of rich farmers.
Small correction bro, ur eg. Should be corporate companies.
Small scale business development ll increase nation to develop the country.
But the large scale industry should b taxed correctly with equality. Rules should b re-corrected according to modern technology developments. V wants young baba Ambedkar!!!!
❤
You may start writing a blog.
I understand this pain , Govt can tax rich farmers /big unorganised business but they'll create havoc on Delhi border.
Agreed
@DikshitAnurag 💯 - I completely understand your pain! Government's tax scheme is especially not fair to the tax payers....
I used to love watching think school videos for their educational videos on business management but lately it's become pro-modi/govt channel which is clear from their recent videos.
Definitely! It's saddening to see how conveniently they didn't talk about indexing removal.
I have been saying this for quite some time now.
This is evident since beginning 😂
yes me too , just feel disappointed . He starting covering them which is clearly visible .If he can't crisis he should not make content on these topics.
boycott him then
I used to be from Bihar(I have now managed to "escape" from Bihar and from India and live a respectable life in western country where I am shocked to see what all my tax money can give me in return). Anyways, any SINGLE PAISA spent on Bihar is a paisa thrown down the drain. They gave Bihar 26K Crores !! Arre baap re !! That's 20K crores of taxpayer's money gone into the pockets of netas, corrupt IAS officers, contractors and 5K crores of bridges that will collapse within an year of construction.
So what do you want? No development for Bihar? You have escaped doesn't mean you use your logic for a large population living in Bihar.
@@ujjwal2473 It's not that I don't want development for Bihar or for anyone else. I have no skin in the game. The problem is that even if Bihar is given 100k crore it will not make any difference in the condition of the state as everything will get stolen. What's the solution? Honestly, I don't know and don't care either
@@aakashjunooni a massive state like bihar just can not be ignored. Nitish must step down in next election and BJP must take the command and rule it with iron hand. Things will definitely be very different in next 15 years. With the rise of digital age , life of corrupt is not much.
@@aakashjunooni
Firstly, the money is going to be spent on expressways, highways, airports and developing industries. But these are central govt projects, not state govt projects. I am from Bihar, and the infrastructure development here has been immense, particularly central govt projects. The reports of bridges collapsing are mostly those which are funded by the state govt.
Secondly the world doesn't vanish if you close your eyes. You didn't do any good to Bihar by escaping abroad, you're just like the other Biharis who escape to other states for jobs.
@@rohitpant352 Easy to say on social media. Doesn't happen in real life. We Indians talk about iron hand rule but when the time comes, nobody like it. Sacrifice for the greater good is not our forte.
We don't mind a 40% tax. I repeat we don't! What we do mind is that nothing is done with this for our welfare :)
Yes you get the best roads the best education and the best beef?
Remember the word welfare you used. It's considered freebies now. Keep paying 40% but you will get nothing as it will be a "freebie".
@@alistonviegas7860 if nothing is done ? then how is the country still operating.
@@52incredibleAccording to their logic, India completely stopped growing and performing after 2014. Many say that Modi has turned back time like Dr. Strange and everything is reversing.
Earlier we used to see live action (real-life) terror movie plots but sadly now we have to pay Rs. 200 to see the same in theaters.
Modi takes the money and gives it all to Adani and Ambani, the children who he himself gave birth to.
Ah good old days before 2014. India was full of cottage industries and everyone was so prosperous.
Good old days when people used to sit under trees for natural fan. Now, Modi has introduced electrification and people now sit under artificial fan and pay Modi, which he again gives to Adani and Ambani, his sons.
Good old days, when money was taken from govt treasury by politicians and distributed to public for free without providing the useless services(like 2G scam, Commonwealth scam, Coal scam).
Now Modi has ended that money-distribution scheme and is building infrastructure to collect money from poor people😢
Good old days when we had taxes like UAe and services like Japan.
I really wish we elect a far-sighted leader like Mr. Rahul Gandhi, a true democrat whose qualification for running the govt is that his family has an experience of doing it. Modi, a newbie can never compete with the Harvard graduate Mr. Rahul Gandhi who gave up his bodily form (willingly) and has now ascended upon us mortals with the immense experience in live action terror movie plots, politician money distribution scheme (that Bhakts call scams), etc.
@@52incredibleAccording to their logic, India completely stopped growing and performing after 2014. Many say that Modi has turned back time like Dr. Strange and everything is reversing.
Earlier we used to see live action (real-life) terror movie plots but sadly now we have to pay Rs. 200 to see the same in theaters.
Modi takes the money and gives it all to Adani and Ambani, the children who he himself gave birth to.
Ah good old days before 2014. India was full of cottage industries and everyone was so prosperous.
Good old days when people used to sit under trees for natural fan. Now, Modi has introduced electrification and people now sit under artificial fan and pay Modi, which he again gives to Adani and Ambani, his sons.
Good old days, when money was taken from govt treasury by politicians and distributed to public for free without providing the useless services(like 2G scam, Commonwealth scam, Coal scam).
Now Modi has ended that money-distribution scheme and is building infrastructure to collect money from poor people😢
Good old days when we had taxes like UAe and services like Japan.
I really wish we elect a far-sighted leader like Mr. Rahul Gandhi, a true democrat whose qualification for running the govt is that his family has an experience of doing it. Modi, a newbie can never compete with the Harvard graduate Mr. Rahul Gandhi who gave up his bodily form (willingly) and has now ascended upon us mortals with the immense experience in live action terror movie plots, politician money distribution scheme (that Bhakts call scams), etc.
Tax like Sweden.. facilities like Sudan. 😢😢😢😢
Raghav Chadha Attacks Govt Over Taxes, Changes In Long Term Capital Gains Tax
@@Iamreal11xingpingsitting in opposition it is easy to run mouth
They can't even run a tiny territory like delhi, always blaming others.
Whether it's the parali issue, air pollution, yamuna , drinking water crisis which we saw recently.
@@Iamreal11xingping😂those duffers who can't manage a tiny Punjab finance and crumbled that state but have the ability to blabber nonsense to bjp😂 what a 🤡this party is
@@muneerdba Bot alert
sweden tax at 60-70 percent pay that in india gov will surely will provide that with extra revenue
Income tax -
Sweden 🇸🇪 - 52%
Sudan 🇸🇩- more than 10%
India 🇮🇳 - 2%
So don't know why these fools type such comments.
He sees everything from Govt perspective. Govt can favour to political parties , not to citizens of india with equal right over govt funds.
Favouring ADANI POWER while taxing common man and then "re-investing" tax money into?
collecting taxes!
report dekho, tax ka paisa corruption me jata hai under name of "Collecting taxes"
@@Rahul-b6sI don't have any problems with paying tax but that tax money shouldn't get wasted, I'm pretty sure if my tax money is going to Bihar then it's going to get wasted
True...
He is modi bhakt
This guy is so much optimistic about this govt that he doesn’t highlight much about the problems they have created for tax payers
He is doing his duty towards the country. Congress will lead this country into welfare. We don't want welfare we want development. JAI BJ Party
You do it then. Reply back in this thread. Otherwise you have an agenda of your own.
What problems?
Say it na…
If you can’t say it then what doesn’t that say about you
I am fed up of randi Rona gang.
he is pointing out the reality of the Budget. if you listen to what he is saying, you will find that he has pointed out every Pros and Cons of the Budget, which in my opinion is on POINT. Very small relief on Income Tax, Very High Tax on Capital Gains, Favouring 2 states and not favouring the rest...........This is why the Market is a bit jittery currently.........The Government should have given some relief to the citizens since we have been under Pressure since COVID HIT the world......Although in the long term, this BUDGET may be GOOD for the Country, be WE can't deny the pain it will cost us citizens in the Present.
Development will be of no use if you are not structurally sound. Foundations of this country need to be stronger.....development will occur naturallyr@@maxverstapanfromkerala
Paying
20% STCG
12.5% LTCG
TRANSACTION FEE
BROKERAGE
STT
Stamp duty
Getting
Poor health facilities
Poor infrastructure
High corruption
Best time to leave India
This is so sad.
Sad to the level it shakes my patriotic spirit
We shouldn't elect government like this.. Congress seems better to BJp
Agree
damn bots going crazy over here
See youu
Ground reality is completely opposite to what the budget is all about. More than 30% of the budget will be taken back in the form of taxes and other expenses and more than 20% will be pocketed by politicians and officers
What is your range/error bars on those numbers, or were they pulled from thin air?
@@nrusimha11 There are plenty like him who have vague info about budget and seems to live in delusional state. WIthout any credible source or analysis they claim 30% here 20% there etc.
Source of your figures please 🙃🙃
Trust me bro vale answers....bhai bhai 20% of that 30% hi hoga na....ye kaun naap ke aa rha hai 30+20 ka figure bhai
@@taskmaster0099 If even rookie , half-knowledge youtubers know what govt needs to do don''t you think govt which has a group of brilliant economists/policy makers are not able to figure this out / they don't understand what has to be done ?
Every action/decision in this budget is well thought and backed by logic. Only flaw is people don't understand this logic/rationality behind this.
These hard steps must be taken otherwise we'll live save mediocre life before 2014. This govt is capable of hard decisions even if it might cost them elections / get abused etc.
This felt like you were giving the clean chit to Gov.t on this budget.
While mentioning the tax slab you did tell the increase in standard deduction, but you were so intelligent to hide it was in only on new regime, and you were also so cleaver in putting out the deduction without mentioning it's for only old regime (making believe viewers that there is something in tax for the salaried person), which has slabs of 0%, 5% and directly jumping to 20% for 5+lac and so on.
While mentioning and showing the LTCG components and skipping the indexation seemed like you are making up with skipping taxation of 20% to 12.5%.
And this new regime and LTCG & STT (double tax on single component) discouraged the investments.
Absolutely right I have seen his few vdos he always speak in favor of this Govt which is not correct. Really sad that he didn't criticise Govt on points you mentioned.
What did you expect from him. He is so baised
@@paragksa 😂😂😂 even godi media is critisizing and he is still showing like this is masterstroke
@@akshaychoukimath831 He has criticised employment incentive scheme of the budget. There is nothing wrong opting for new regime and avail revised tax slabs. Moreover, Indexation is beneficial for high approaching assets like properties. Please be realistic in ur comment. Just because FM has not given any relaxation for speculators doesn't mean it is a bad budget.
@@vamshi8694 Literally...
Sick of this illogical criticism
Why on earth does everyone think that baseless criticism is so cool?
Taxes like EU but services worse than African Countries. Nirmala Sitharaman truly a Finance Minister of all time
one of the finance minister of all time
Yeah you are right before 2014 India had taxes like UAE and services like Japan
@@Gaurang_Karande eu countries taxes at 60 percent even though they are fully developed??
@@Raja-it8enand healthcare is free. Roads are a grade. And in some even transport is free. Govt pays you if you are unemployed.
@@sgtlucifer5739 waiting problems... And also they come to India even for basic Root Canal treatment....
India is way better... And we have ample scope to improve
Worst move.. they should focus on brining more people under tax umbrella rather than squeezing the people who are already paying a lot.
Isn't that what they have done? Please tell me how they've squeezed out more😂
@@ujjwal2473Increase in capital gains.
@@varunsharma5582 What percentage of the middle class in India invest in stocks? Its mostly the richer class that contribute to a lion's share of the investments. So, increasing capital gains isn't much of a hindrance to middle class in India.
They should tax farm income! Agriculture tax evasion is said to 20 times the GDP. Rich farmer don't pay any tax, and still get subsidies and farm loan waivers.
@@ujjwal2473 Thanks for telling that I am in richer class...Most of the youths are investing in market. yeah all are in rich class. even who just got into job also investing in market. yeah they are also richer class. Even who doesn't have job are investing including me.
Yeah what you said is right increase in LTCG tax doesn't affect middle class.
I am pretty sure that you dont invest...so you are in middle class. Invest bro you can also be in richer class.
Looks like when Modiji announced ‘na khaunga, na khaane doonga’ he was actually referring to 1.5 percent Indian population of honest tax payers.. because there is no reduction in corruption at ground level.. in India situation is like ‘taxes are like Europe, facilities are like Uganda’
Wo kha raha hai bas legally kha raha hai. Foreign trips par jaa hi raha wo taxpayer ke paisa se. China Pakistan itne soldiers ko roz maar rahe kuch nahi kar pa raha international stage par bhi. 56 ki chatti ki baate kar raha tha
Add population too 😂😂.... You missed that part...
Yeah allow them to do land,labour and agricultural reforms buddy ,you guys Europe like facility but hates reforms
A country cannot rise without sacrifices.
😂
Government is forgetting that these 2cr taxpayers have family and friends that counts to 6cr and 6cr people can definitely change the fate of government.
6cr people and what is the population of non tax paying votebank that takes subsidy from govt?
@@gaurangkarmakar4046but these people didn't get them seats/votes anyways so why would they give them votes now. this term is going to be a clown show
@@siliconhawk You give people subsidies, you will get vote in droves. Brute majority of the vote bank is non tax paying and more importantly it is subsidy guzzling. And then add to this economic stratification, the deadly mix of caste, ethnicity and religion and your fate is sealed.
Don't blame the politicians, as the people of India are like that. And the politicians, being elected representatives of their regions and vote-banks, have no choice but to kowtow to their vote-banks whims and fancies. Yathaa raajaa, tathaa prajaa.
Indians love tax evasion and freebies. And this has nothing to do with a particular community. People do it across the board.
Even the tax paying segment of the voting population of this nation, particularly the middle class, besides being puny, is heavily fractured and fragmented on caste, ethnic and religious lines.
The middle class needs to master the fine art of block voting which is particularly effective when you are in a minority. There is a particular minority demographic group in this nation which has perfected this art, using which it can arm twist the political class at will.
Vote as a single unified tax paying middle class bloc. Prevent the tax paying bloc esp. the middle class, from being fragmented on other demo-graphic fault lines, particularly when it comes to voting for economic, infrastructural or financial and even environmental issues. Ethnic, religious, caste/tribal and other considerations may follow immediately afterwards.
Dharmasya moolam artham. Economy is at the heart of righteousness/goodness.
Nirmla tai showed middle finger to middle class 😅
😅😅
Increasing taxes on LTCG and STCG for salaried people is not acceptable government must know that living costs have increased a lot and it is understood tax like european countries and get returns like underdeveloped countries Bangalore contributes heavily to the country's GDP and economy should have given relief to Bangalore's traffic congestion, pending metro projects lacking productivity and if state government wants empowerment of locals then should have given to places like mysuru,mangaluru, Hubli, belgavi, and ballari to create infrastructure and jobs there which is very disappointing and also it will benefit more to crony capitalists and totally unacceptable to tax retired people if they are getting pension from the government through atal pension Yojana
how ?? isn't tax is refuced if you don't invest in stocks ??
Absolutly
Nimmo tai - if it exists I will tax it.
You didn’t talk about indexation removal on long term capital gain assets which was one of the major changes that took place in the budget
Don't expect from them. They are andh bhakt,don't go by their fluent English and number,charts. Watch their past video also. No matter what happens, they always defend this government
I think this channel is a pro bjp.
@@rascalpascal9514go and watch German shepherd or rabies kumar
@@rascalpascal9514 And whatever happens you guys will always oppose
Removal of indexation is good. Learnings from China's property disasters.
2025 Budget: A tax on drinking water and breathing air?
Already people are paying water tax. I guess government may tax air also 🤔
@@adityasundar324Air free kaha hai? It's already polluted and when we buy Air purifier we are already paying 18%+ GST!
Government should when only 2% pay their income tax.
@@zavahar every country in the world tax that whats your point ??
@Kshitij-jr6kd Don't give ideas to the government. Now they'll double tax it 🫠
Did you guys catch the latest US CPI numbers? They're showing a significant increase. Looks like inflation might continue to rise. How can I impact my portfolio of $400,000 which has taken a big hit in recent times?.
yeah, I saw that. The inflation numbers are higher than anticipated. I wonder how the stock market is going to react to this
@@Higuannn Personally, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@@Jaymilnere I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
@@hullbruce I work with the popular Sharon Crump Cline. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
@@Jaymilnere Thank you for this pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a calI session with her.
Modi will loose next election if the govt attitude towards taxpayers continue like this. Also govt is killing lic, nps, ssy, mf etc by not giving any benefits on old regimes.
Nothing will happen. People said similar things during COVID times.
LOL people will vote out BJP only to find more taxes being levied by INDI alliance. Afterall they should know how much additional taxes INDI alliance party govts are charging in their states !!! They are not even sparing petrol and diesel with additional state govt tax.
@MrUllas91 Modi govt dares to punish middle class only because they can ... they are not fools ... next election, congress can forget getting any seats in Andhra and bihar ... also, bjp will get more votes from poor who will benefit from khatakhat schemes in this budget... middle class is a minority and will continue to be exploited irrespective of who is in power
@@syscopio4821The sanest comment out here
Must loose after this
At this rate Nirmala mam might tax watching RUclips videos at some point 😢
Maam to kahi se nai hai, khun chus liya hai
Ma'am ❌ Ramdi ✅
@@princevegeta5692thoda jyada ho gaya…nai?!
Of course she is... Please check your broadband bill and the RUclips premium subscription you have taken and check the GST you are paying on both 😮😅
@@princevegeta5692 stop it
Ganesh lost his head since he missed award from NaMo’s hand.
😂
If devotion to a political party was a currency, you'd have a trust fund by now.
Calling out freshers "useless" is a demotivating statement.
I agree with you
Yeah bhai I agree
It's a freaking one-third of our life, we are into schools and Colleges, and still people out there to call us useless 💔
Nothing wrong if that awakens the mass and encounters them to reality.
absolutely correct nothing in this world is useless he should have not used this statement.
He himself is useless
Your loyalty and dedication to government and optimism towards its policies is truly touching. This budget is the worst by any govt in last 30yrs. It doesn’t help any section except super rich or poor and polity of bihar and a.p. Yet you managed to make it look like blessing for people, something people needed. Because govt budget has made sure that majority of actual taxpayers keep paying taxes for nothing. And Fiscal deficit give the hard numbers and not percentage then truth can be seen.
Only you understood this video whole comment section is shit and i dont understand why he is supporting tax ?
@@mallik-viewi support the tax cause I know I won't sell my mf for next 20 yrs.. 😅 also this isn't a big tax tbh... Normally people get 12-15% so with 10% tax they get 10.8-13.5% ; now with 12.5% it's 10.55-13.1%
Although I currently in 4-5lpa bracket, next yr maybe it will be 6-7lpa ... But i will still remain taxless.. So yeah.. It's good enough for me
@@sjgghosh7677 yeah india is all about u
hard number is the most idiotic way to compare years.. and come on instead of telling him supporting govt put your data to back ur comment
Will no longer be voting for BJP government. shameless people.
Yup vote for congress instead 45% inheritance tax, 75% reservation in indian education system
And a lot of Freebies
[Or do one thing which I'm going to do soon]
Move out of this country as soon as possible..
same! if i remain till next election, definitely wont vote.
i am considering moving out. this year or next year but i am going.
NOT in USA and Australia, may be UK or Dubai. Definitely saving my self respect.
@@Alphabetagamma738Congress had a much better taxation system for middle class
@@Alphabetagamma738 BJP has already brought in inheritance tax through backdoor by removing indexation.
Many BJP ruled states already have high reservation ...
BJP is many times worse than Congress and they have to be defeated in all coming elections
@@Karthik-tq4vu yes much better that they are taxing people earning above 2 lakh in 2013 🤡
Your video is only glorifying the budget. You are not talking about the taxes and removal indexation
HE IS GODITUBER
And you have habit of mocking BJP.
Abe chty..sach ko tu badal nahi skta@@vamshi8694
People need to understand that it's been 10 years since Andhra Pradesh was formed, and it is the first time ever the Budget included AP. [Thanks to the political reasons]. The state has been sinking, and yet the govt has always turned a blind eye. The state has been suffering financial losses, corruption, drug mafia, no capital and a lot more, but the central govt didn't care about it. We did not get proper funds, we were left to hang dry while Telangana bagged a lot of investments due to Hyderabad. AP needs to be developed, let the metropolitan cities in India breathe, and more importantly that 15000 CR is just a loan from World Bank not from the Centre's pocket.
What did the previous state governments do for that? Are the state's people willing to take some pill and willing to take some cut in subsidies?? No. They are a curse on the nation and world
Exactly. Every ones wants to attack and say phrases to show that theyre smart and oppressed.
I don't care about Andhra budget because atleast their state government use 40% in progress but we have a problem with Bihar budget all budget are going in pockets and freebies.
Ofcourse it is Nice to Be a Failure, then You get the opportunity to be Priortised over Someone Topping the Class and because you are a leak in the system. Yeah, let us keep giving more money to corrupts states so that honest growing states and people could suffer.
Nothing against AP or Bihar.
It's just the lack of inclusivity for other states.
That line which u said " it doesn't matter if u r a dropout or a phd, if u have the skill u will be paid"......I salute u for creating a new Trend 👍
Yes and he has the skill and i am sure he is being rewarded for it by doing such videos!
mooney will work anywhere
You didn't mention the removal of indexation which is another point people are angry over. This will push the real estate market into black money transactions
Ganesh is biased towards BJP, he won't tell all negatives!!
HE is BJP Chatukar. His videos are always biased, potraying BJP as hero. Its better to watch 3-4 videos on same topic and research yourself and then form any opinion.
See the holding period to qualify for LTCG was 3 years and tax was 20% with indexation.
Now it is 2 years and tax is 12.5% without indexation. (Now I don't have to wait 1 whole year to avoid higher STCG)
So effective tax for majority of the people will be lesser. For GenZ and Millenials like myself who have recently bought or want to buy and then sell, this is an absolute win. But for a minority of the people who have bought properties in early 2000s this is going to be bad.
Also further this will prevent rich people from hoarding properties as investments for a long time. They don't even rent those properties due to RERA which leads to a housing problem in cities.
Am I right?
@@prathameshtandale724 Minority of people? Where is your data from? Fresh income earners don't have enough income to buy properties, they are a substantial investment. Most property owners have held their properties over a long term, and even for the new purchasers, the govt is promoting the use of black money.
@@raunaqsharma6476 No I read that 50% of India's population is below 25 and 65% below 35. I was talking in age demographic terms. Not in terms of property owners. Even if you take property owners we'll have to mention that indexation is removed from properties bought after April 1, 2001. So the old fellows are also safe. So exclude youths, exclude the elders. You'll call the remaining a minority only right.
I think I'm correct in my analysis😅. Your thoughts?
It's like reducing tax by 1 Rupee in salary and stealing 10 Rupees from somewhere else😂😂
Every time a new budget is announced people just talk about it for first few weeks and then forget about it. Nirmala Tai knows this as well and which is why she can do it again and again.
People vote for hindutva not these things. She and her dadaji knows it well.
Things to do in India
1) Leave
why?? yeah go live in europe pay 60% tax
@@Raja-it8en glad ill leave the coutry next year
Do i have regrets???
Absolutely not
Europe 60% tax
Facilities first class
Better life expectancy
Better infrastructure
Less pollution
Less corruption
India 30% tax
Absolute shit
As if everyone can!
@@Gop101india is a developing nation broh. It takes time
@@Raja-it8en I will pay 60% if they are giving me all facilities
Our human resources are abundant. There is a huge demand for truck drivers, elderly care & nursing around the world . Govt should tap the opportunity by training our youths in these areas, instead of wasting the money by giving it to big companies.
💯
Your comment shows that you know nothing about the economy.
How are you even correlating truck drivers and nurses to internships and emplyment at companies? Do you even understand the importance of the latter?
@@ujjwal2473 he is talking about exporting these services to other countries. They will earn there and send remittances back to India.
Great idea. I wish someone from the government side is listening. I know so many poverty stricken youth who are willing but do not have the money to get a driving licence or study nursing etc. As you rightly say, these are valued skills in rich countries. The government can impart FREE TRAINING to these poor people and help them to go abroad. Similarly there must be so many areas we are not aware of. The problem is always corruption. India Today TV, before it became a caged parrot, in 2016 or so brought out a scam in Maharashtra in Skill India Yojana or something. There, on paper, several villagers are supposed to have got training as tailors, carpenters etc and their names were on govt website. When journalists actually checked with the individuals named, they found out they were lies and that the villagers had provided their Aadhaar and signed documents given by low level party guys who told them this was for their future training! I wonder whether anyone was ever punished for this
It is surprising that no one talks about the old tax regime. In old tax regime a person earning 20lpa saves around 60k to 1lakh. And if the slabs were rearranged/revised like the new regime then it would be more than 1.2 lakh.
And if we take an average of people falling in all tax slabs then there would be a savings of 60k compared to the new regime and 25k comparing the old and revised old regime.
I like the habit of "think school" to find a positive point in every government decision but that doesn't help our pockets. Maybe it is helping fill think school's pockets.
Bro if it's not seen positive.. this video might get deleted soon or might be a case filed against think school.. not an attack on think school just speaking the ground reality.
Even think school knows we (middle class) are squeezed like a sugarcane.
Worst is a very decent word for the budget.
They're becoming worse than British Raj.
Whattt😂
British rulers far better than Indian politicians sorry NDA politicians
Alright, although I am not a fan of this budget, this is the biggest hyperbole I have ever heard
Don't hype so much
Congress IT cell is working extra time while coping 😂
He ignored the removal of indexation and abolishment of angel tax which given huge blow to the middle class people..
All the BJP is doing is somehow managing the economy with some tweaks here and there. They have no clue about macro economics and how to put money in common man's hands. Next year is going to be tough for everybody due to world wide recession. Govt. should not change these IT rules every year , because people cannot plan their investments properly in such a short period. Somebody invested in MF last year based on the prevailing IT rules at that time and suddenly when they want to reap the benefits after 1 year , they are being penalized with more tax. This is nonsense
dudu you are contradicting yourself. The fact that you realise next year there is global recession how can all IT rules be same ? Macro economics !!! Agility and flexibility is the name of the game. That is why there are variable rates in all areas whether interest rates, mortgage rates or service tarrifs
ONLY when AAP governance model of Delhi is replicated all over India will we have New corrupt free India truly with great schools , health care and ow taxes
@@delwyndsouza8387imagine forefront leader of that imandari kattar bullcrap is in jail for corruption 🤣
@@yoshida_pb jailed without any evidence, raids didn't find a single rupee. Jailed using govt agencies like CBI, ED etc only because he amd his party can't be defeated in an election in Delhi and they won't also accept bribes or defect to BJP. So this is mere harassment aur kuch nahi. Just like AK won Delhi 67/70 soon even Bharat will be won. Chowkidar knows AK is the only threat and hence he is being harassed without proof
You know why I listened to these podcast, because they were kind of impartial. But now looking at this video and the motivation to just not comment on how the government has treated the middle class shabbily, gives me a better idea of how this channel is
"Narendra Modi and Amit Shah to Nirmala Sitharaman : Dont tax companies as Adani and Ambani are Poor, Tax Middle Class they are Rich" Nirmala Sitharaman "Yes Boss"
Let them tax the rich and make them decrease the employment which leads to more unemployment, good job you have successfully taxed the rich.
Instead of saying they don't tax the rich you should understand why they don't get taxed as much. Their net worth is in thousands of crores and even the debt is in thousand of crores.
Including tata , why you left tata
@@manishsingh7534 It is an ethical company, ill never blame them.. Small things might be here and there.. Sorry
You forgot about the so called Annadata (farmer).. They suck most of our Tax money as subsidies
How can u not talk about the removal on indexation gain on real estate 🤦🏻♀️ thats the main reason middle class is pissed
What did you expect from him. From his perspective this budget is masterstroke😂😂
@@rammaharjan8674 haii yaar aj toh man gayee at the beginning this channel used to be such a informative place... Now it's less about case studies for business and more about the govt praises. 🫠
I think our government is intelligent enough to understand that even our professors and colleges are useless. So better they give incentives to employers and employees so that employees can upskill themselves or employers can invest in upskilling their employees. For example, they can give a free coursera subscription to employees.
In real world of business there ks nothing like "free"
Government has not announced any such scheme
Useless budget
Read the condition of EPFO & Job creation scheme. No employer will sign for it. If employee leaves company before 1year then employer will reimburse this amount to govt.
Read conditions, if enrolled the most employers cannot fulfill the condition. And if not fulfilled, they will suffer the penalty in form of reimbursement of complete amount. Refer LLA video.
True, Our education is a mess. Not because of govt but the mentality of intellectuals. You will find most of the govt officers with bullst subjects.They don't have skills.I
Why dont these minister sit with only these young and brighter entrepreneurs and rule out the budget !
That could be such a great thing
People think they are intelligent enough to tell govt what has to be done , people who have no background in ecnomics are telling what steps govt should have taken.
But the govt with team of brilliant economists don't have a clue about what needs to be done , cumm on man what ever announced in budget is well thought and important for our economy. Why would govt take decisions that will anger citizens and have no benefit to the economy given the fact that their govt is already in coalition and weak ?
Only this govt is capable of giving red pill to citizens , these hard steps have longer implications . BJP if wanted to just be in power could have taken step that will please citizens and make them win elections just like what congress does.
People deny this but Infra is improving at rapid way despite this people will generalize whole infra via some incidents of airport ceiling falling , some bridges failling etc.
Amazingly presented.
You teach better than our teachers..
Hey! A great and detailed video; however, the drone shot you have used for IIM Indore is actually owned by us and has been used by us in a couple of videos for IIM Indore.
Would really appreciate if you give the due credits and take required permissions before using it. Let's promote a healthy and collaborative culture in the media space.
No
Small fish being eaten by a larger fish... nothing new here.... just the way of the business
To all those saying that govt is taking tax like Sweden and giving facilities like Sudan, bhai population dekhke baat karo 😂
And I don't think that even after imposing taxes on high Agriculture income will effect a lot because more than 70% farmers have marginal lands with probably 60-70k income per annum.
And rich people will fly out of the continent if taxes are increased on them.
Ultimately it's the middle class who has to bear taxes.
Modi's failure:
1. Smart city
2. Skill India
3. Make in India
4. Swach Bharat etc., etc.,
Modi's Success:
Tax payers leave India😂
If you continue to make dirt, and you think I will continue to clean it?
Swach Bharat aur make in India me bohot contribution hai jo pura opposition 50 sal me na kr paye
one wrong move and everything positive becomes negative? I am also disappointed by Budget but I will never shift to congress. People don't want to stop being corrupt but want govt.to be perfect. We... citizens of India 😔
@@skarr7985 modi is our new pappu
Congress is already shit and now BJP is trying to pinch the nerves, they introduced demonetization to curb BM but now they're simply creating a new era of BM by doing this.
When government take any bad or worst decision
.. entire Media and All Bhakt support and advisement like wah Modi ji waaah
If the middle class had an opportunity to move out for better job and life style....
Sadly most can't afford.
My friends who moved to US are complaining worse than this. Mind you, they make upwards of 150,000$. The situation is bad everywhere. It is not limited to India. Brace yourself for the day when the global economy goes burst
@@Sporthyravuri91 atleat they are getting better services than this.... here what we get in return depends on politics....
It's exactly like the MP said "Taxing like England and Services like Somalia"
Defense equipments are nearly rusted, nobudy have job, most road look like moon's surface....
Every country is showing middle finger to their middle class. Since living standard is different, hence it might look like they are living a better life abroad.
@@AbstainAndChill You are comparing US or European countries to India. US has the almighty dollar which is the world's reserve currency. They can print money as much as they want and everyone else will pay for it. EU counties have looted Asia, Africa and South America for centuries and made their economies. India got independence in 1947 and got liberalized only in 1991. India has huge problems, but comparing India to developed countries is really unfair in this regard
@@Sporthyravuri91My uncle has been living in Boston for more than 20 years and they are still happy there lol
Middle class is like the Vada in the vadapav always crushed between upper and lower class.😂 So in today’s world being middle class is the biggest curse.
If any questions asked to FM she shamelessly laugh & doens't answer.instead she turns the things around.
Mai Onion nahi khati hu
@@Rahul-b6s Baki 140crores of people ka kya ?😂
@@Rahul-b6s questions kuch aur hota h FM ans kuch aur hi hota h
Most of them are saying tht IT & GST filling people are some approx I guess 10cr .but other people are complaining about budget..they are forgetting tht if tax rate is increased now burden will upon our future
I have started to maintain a notebook to learn and note your case studies they are much needed and enlightening ones. Please do not stop it.😅
Govt should include high earning farmers to the tax brackets. Increase the budget for education and provide skilled stream to the sector
Bro not gonna happen. You saw what they did when they brought reforms. Here in this country people are bhikari and once they are acting like that there is no possibility that they will give up those freebies.
Even at this point we should completely stop giving MSP to farmers.
@@hiteshgujarathi4636bro kindly do some research and try to understand economics before saying stop giving MSP to farmers..
Be the farmer first then talk
@@sagarmore5717 do you know why MSP was introduced? We have surplus crops of wheat and rice now and there is no need for that. Only 18% farmers get benifits from that. Still you want that nonsense to ruined all the taxpayers money.
BDW I own 32 acre of farm land myself and been exporting products in gulf for 20 years. If you have enough knowledge then you can be successful in farming otherwise no wonder most of them kept expecting loan weaver, free electricity and all kind of subsidy which does nothing but taking away the ability to improve and adopt to change.
@@hiteshgujarathi4636 you statement is for whole farmer's..
I belong to farmer family and that too from draught area..what challenges we faced no one will understand.. sorry to say in India..one is Bharat and one is India..
U with ur thoughts and ur level of earning and standard of living concluded whole class of farmers..
18% is also people who living in this country and there is need to have MSP for entering them in Elite class that u are..u can not straight away say like cancelling MSP...
I stating about this
@@hiteshgujarathi4636 and you should think twice before using language...bhikari and all...
U can have ur different thoughts..is very much okay...but using abusing word's like bhikari...is not acceptable
He mentioned ltcg but didnt mentioned the indexation removal and abolishment of angel tax favoring rich
How angel tax favors rich?
Can you explain?
@@deepanshupant1327angel tax favours middle class. Okay 👍
Because Think school want to show budget is good.
@@deepanshupant1327, who do you think is the angel investors are?
@@kevindominic5224 Most angel investors are millionaires.
Freshers are useless is harsh word. Everyone of us was a fresher at one point of time. We need to lift up our fellow community and not left out alone.
The biggest problem of this country is population. Learned people says that population is not burden, a nation should make its people resource. But Indian population is a biggest resource(market) for outsiders rather than India. If we reduce our population we can mitigate all problems that are arising from it.
indexation benefit on property sales are removed as well with 12.5% flat ltcg right? why no one is talking about it
Obviously picking up the selective and convenient facts to maintain the image and sentiments in check. Pep[le like them are have sold their souls.
By the time next election comes...they will change it to tax slab rate
Increase in capital gains tax is a disaster 😢
for rich
@@Raja-it8en if they wanted to tax the rich, they could have created new slab for 1 Cr+ salaried
@@its__OVER yeah they should but i read they increased surcharge on super rich
here is reference:
Abolishing the wealth tax also simplified the tax structure. As an alternative to the wealth tax, the finance minister hiked the surcharge from 2% to 12% for the super-rich section. The super-rich segment includes individuals with an income of above Rs.1 crore and companies with an income of over Rs.10 crore.
@@Raja-it8en For rich, they have decreased the ltcg on unlisted shares from 20 to 12.5%. Be rich, pay less tax. Be poor, get somewhat more benefits (Rs. 5k/month internship). Be middle class sponsor the rest and the ministers.
@@ovinobo but they removed indexation benefit on it which will affect severely the real state sector
Taxing my income
Taxing my investment
Taxing my idli
Idli😂😂
W research! Good work team! Thank you so much
Country will go no where till education and rnd and health budget is focused on
Even if there is investment in R&D, half of it is not utilised 🤦♀️🤦, I feel we should have a demand driven rather than supply driven budget.
@@technicalist101The US became a leader in R&D by using supply driven demand, not demand-driven supply.
I really think people are copy-pasting the same thing over and over like bots. Buddy go and check the health, education and R&D pool, and then comment on it
@@ujjwal2473 buddy once go to history and check how much developed nations spent on those to become developed buddy
@@ujjwal2473Forget US bro, even China and Korea are doing so much good in RnD
Tax like Europe... Services like Uganda 😅
Raghav Chadha Attacks Govt Over Taxes, Changes In Long Term Capital Gains Tax
@@Infinity_000_0 it's even more than Europe if you add up indirect taxes as well lol
@@Iamreal11xingping bot of German shepherd, typing same comment over and over, we all know what AAP is.
@@martin96991to hell with AAP.. and BJPee and Con-gress.. i need to know what is my return to investment when I pay taxes.. if I'm paying 25-30% of my hard earned money to govt.. and getting pathetic return..
no sanitation.. pathetic medical facilities.. traffic jams ..
Why should I pay taxes..
What is my return of investment...
The government is there because of my vote and taxes i demand accountability for my tax
And people like pakistan
Only 2% of total population are paying Income Tax. Govt should work on including more people to tax bracket....But they are busy in heavily taxing the same people every year...
Bruh tax is reduced wtf ?? heavily taxing ??
@@Raja-it8en Tax is reduced but not enough.
@@TheCAspeaks but people want europe like services bruh with that 20 percent tax 😂😂😂
@@Raja-it8enWhy rich farmers are exempted from tax? To increase corruption?
@@ovinobo as per sch 7 of constitution only state govt is entitled to collect taxes on agriculture income
🎯 Key points for quick navigation:
00:00:03 *🎥 Introduction to the Video and Context*
- Overview of the video's unconventional format without a script, focusing on loose points and casual discussion.
00:00:17 *📉 Concerns about Taxation and Public Perception*
00:00:32 *💰 Impact of Income Tax Brackets on Viewers*
- Insights into the impact of income tax brackets, particularly affecting viewers earning within the 30% tax bracket.
00:01:17 *🙏 Public Sentiment and Hope for Tax Relief*
- Expressions of public frustration and hope for tax relief, emphasizing an annual ritual of disappointment with taxation policies.
00:01:30 *🛡️ Critique of Taxation Philosophy*
- Criticism of taxation on every aspect of life, from birth to death, reflecting a broader discontent with government policies.
00:01:45 *📊 Impact of Taxation on Personal Finances*
- Discussion on how taxation impacts personal finances, including salary deductions, and subsequent spending on goods and services.
00:02:13 *💡 Reflections on Societal Compliance with Taxation*
- Insights into societal compliance with taxation, highlighting widespread discontent and skepticism about the future.
02:54 *🏥 Health Insurance Challenges in India*
- Explains the challenges faced by individuals with health insurance claims in India.
- Private insurers are preferred due to concerns about government insurance providers.
- Anecdotal experience highlights the complexities and emotional impact of dealing with health insurance claims.
04:30 *🌍 Global Comparison: Tax and Penalty Systems*
- Contrasts the penalty systems of different countries, using Australia as an example.
- Illustrates how tax policies and penalties in Australia influence consumer behavior.
- Raises questions about transparency and consumer awareness in tax policies worldwide.
05:28 *🗳️ Understanding Voting Behavior in Democracies*
- Voting behavior in democracies like India revolves primarily around economic development versus welfare society debates.
- Majority of voters tend to prioritize non-payment of income taxes, impacting economic policies and government priorities.
06:11 *🚔 Prioritization in Governance and Public Services*
- In democratic contexts, government priorities often lean towards issues that resonate with non-taxpayers rather than those contributing to income taxes.
- Examples from police stations highlight how cases are prioritized based on public interest and perception of crime severity.
07:05 *🏥 Government vs. Private Healthcare Priorities*
- Discussion shifts to healthcare, contrasting the treatment quality and availability between government and private hospitals.
- Taxpayers question the benefits received in return for their tax contributions, especially in sectors like education and public health.
08:14 *🔍 Issues with Education System*
- The discussion centers around challenges in the Indian education system, particularly regarding corruption and inefficiencies.
- Government schools are criticized for poor quality and lack of accountability.
- Private schools are seen as exploiting parents with high fees and offering better educational standards.
08:56 *🏫 Education Disparities*
- Disparities between government and private schools in India are highlighted.
- Government schools are perceived as lacking quality education and facing systemic issues.
- Private schools are accused of overcharging and not necessarily providing better education despite higher fees.
10:04 *🚗 Road Taxes and Infrastructure*
- The discussion shifts to road taxes and infrastructure challenges in India.
- Issues include high toll taxes despite questionable service quality on highways.
- Lack of transparency and public dissatisfaction with the allocation of taxes for road development are noted.
00:10:59 *⚠️ Challenges Faced by Business Owners in India*
- Small, medium, and large-cap business owners in India face significant challenges with tax compliance and bureaucratic hurdles.
- The burden of compliance and harassment from authorities affects businesses of all sizes.
- Small business owners, especially, struggle with GST payments and income tax issues, finding it challenging to navigate the complex regulatory environment.
00:12:00 *🛡️ Realities of Being a Business Owner in India*
- Being a business owner in India, particularly for small businesses, is extremely challenging due to high taxation and pervasive corruption.
- Business owners often feel squeezed between tax obligations and the difficulty of running a profitable enterprise.
- The Indian business environment is tough, and small business owners especially find it hard to sustain and grow amidst bureaucratic and financial pressures.
00:12:52 *💼 Privileges and Challenges of Taxpayers in India*
- Taxpayers in India face significant challenges but also enjoy some privileges such as certain government services without waiting periods.
- However, the privatization and bureaucratic inefficiencies lead to disparities in service quality compared to countries like the US and UK.
- The taxation system in India poses both advantages and disadvantages, affecting the daily lives and businesses of its taxpayers.
13:49 *⚠️ Privileges in Indian Healthcare*
- Indian healthcare facilities offer privileges like immediate access to hospital beds and doctors, unlike many Western countries.
- Privileged services in Indian hospitals include quick access to medicines, personalized care, and room amenities, contrasting with Western hotel-like hospital concepts.
14:17 *🛡️ Parking and Access Privileges in India*
- In India, middle-class individuals often enjoy parking privileges similar to those of the wealthy in developed countries like the US and Europe.
- Access to facilities such as gyms and shopping malls includes perks like valet services and immediate parking, highlighting disparities in access based on income brackets.
14:59 *💼 Economic Disparities and Tax Brackets*
- The Indian middle class faces higher tax brackets compared to developed countries, affecting disposable income and access to services.
- Economic advantages like skilled labor and knowledge are unevenly distributed, leading to perceived unfairness in income taxation and economic opportunities.
15:40 *🚀 Infrastructure Challenges in India*
- Despite pockets of good infrastructure in cities like Delhi, India struggles with robust infrastructure across the board.
- Democratic issues affect infrastructure quality and resilience, evident during monsoons where even developed areas face flooding due to inadequate drainage systems.
16:23 *🌍 Contrasting Global Perspectives*
- Comparing infrastructure in Indian cities like Delhi to places with better infrastructure highlights significant disparities.
- Despite local improvements, challenges such as flooding reveal broader issues with infrastructure resilience and planning in India.
16:51 *🚧 Urban Infrastructure Challenges*
- Urban infrastructure development often involves challenges like widening roads and relocating businesses and homes.
- Municipalities face complexities in managing environmental concerns and public reactions.
17:20 *🛣️ Democracy and Infrastructure Development*
- Democratic countries like India often encounter delays in infrastructure projects due to bureaucratic processes and public consultations.
- Rapid infrastructure development seen in countries like China contrasts with democratic deliberation.
18:03 *🗳️ Political Discourse and Freedom of Speech*
- Public discourse in democracies like India involves diverse opinions on government policies and decisions.
- Freedom of speech allows individuals to critique government actions without fear of censorship.
18:57 *🇮🇳 Constitutional Protection and National Identity*
- India's constitution protects fundamental rights and promotes national identity amidst debates over economic growth and emigration.
- Some individuals express a preference to emigrate despite the country's constitutional safeguards.
19:26 *🌍 Reasons for People Leaving India*
- Reasons for Indians shifting abroad,
- Discussion on tax benefits in countries like Dubai,
- Personal and cultural connections influencing decisions to migrate.
19:52 *🏠 Importance of Cultural Roots*
- Importance of retaining cultural roots while living abroad,
- Impact on future generations' identity and cultural connection,
- Balancing personal success with cultural identity.
20:20 *💼 Challenges and Success Abroad*
- Challenges faced by Indian expatriates settling abroad,
- Success stories and career opportunities in different countries,
- Comparison of lifestyle and satisfaction between India and other countries.
21:03 *⚖️ Perspectives on Tax and Privilege*
- Views on tax implications and privileges of living in different countries,
- Discussion on maintaining a sense of pride and connection to India,
- Challenges and benefits of democracy in solving societal issues.
Made with HARPA AI
Middle class ❌
Middle finger class 🖕✅
#ModiHatesMiddleClass
In congress period tax like USA and facilities like Pakistan 💣
Har baat pe Pakistan kaise bich mai aajata hai bro?@@Mtech2047
PradhanMantri aawas yojna Urban 2.0 and Rural
Five Employment and Upskilling packages
Infrastructure
No Taxation now upto 7.75 lakh
MSP increased for farmers
Research and Development fund
80 crore people free ration
Ayushman Bharat scheme
Who is this for?😂
This is a bot by Grand Old Party
As per today to live in a metro city one family needs atleast 10 lpa, School fees, bus fees, project work, tution fees, books and notebooks, uniform fees, college fees, grocery, private health insurance, life insurance, minor health checkups(lab charges), electricyt bills, gas bills, medicines, doctor fees, govt bribe arbitarty number, bike insurance, movie expense for 1 movie 1200, atleast 5 movie a year will cost 5000 to 6000 a year on this, special dates like birthday & marriage anniversary, deevali expenses, dress and apparel expenses, daily office expense in bike (petrol per month in liters 40 avg ) 40 *100= 4000 per month and 50k per year for a salaried person. etc.
for me last year alone it costed me 26000 for communication bill (recharge for 4 people(4 sim recharge for 1 year), internet (home wifi) ) yet choosed very nominal plan.
Lol. I was complaining about the same to my Manager. He was saying Money is not everything 😂😂😂😢
@@Kizaru11 Tell you manager to continue his/her job without salary for few months if money is not everything for him😂
@@apurvaseth lol. It's like no one is concerned about another until it hits him.
@@Kizaru11 that's so true.
either be rich or poor ... middle finger to rest, aspirational hard working middle class let's make west GREAT again again
One of the best channel. Only complaint I have is background music.
Finally a comprehensive review! Thank you for going into a lot of the finer details rather than only focusing on the headline grabbing topics.
This guy will always support the current govt no matter what..very biased
You can put counter data. His job is to tell the truth and not the one which you want to listen to.
Then go watch Dhruv Academy
He is Next Prime Minister of India who wants 100cr votes but can't come to India to vote 😂
@@arghya4567 🤣
Bro he just spreading his soft propoganda
@@sameerazmi3241 Mslims oppose everyone even if they praise good work of govt. Go watch Dhruv Rathee. U r his puppy. 👻
Most of middle class people don't vote but they must go for voting and vote NOTA or opposition candidate and express their anger to government.
And bring back corrupt government?
Kid
Earlier tax was like
2.5lacs nothing
2.5 to 5 lacs 10%
5 to 10 lacs 20%
Above 10 lacs 30%
Now explain genius which one is better pre 2014 or now?
Are Bhai, i agree. But to whom we should vote.. We are in deep shit :)
@@praveenkumarkl3136inflation ka name suna hai
@@ApulicaOfficial modi ke elavah aur koi naam nhi pta bhakto ko😂
@@ApulicaOfficial gulam it was 12% in 2010
8.9 in 2011
9.8 in 2012
10.9 In 2013
And highest in Modi term is 6% in 2020
You just proved yourself a birdbrain gulaam
Am a banking aspirant and have gone through the budget analysis myself from various sources, but then watched your video too for Revision and how beautifully you've explained all the key points without any jargons and explaining the one's which were necessary. Kudos to the Team👏
Finally, an educated opinion on this year’s budget. Brilliant video Ganesh. Keep up the good work!
No way nirmala sitaram was high while writing the 2024 budget!! She just unconsciously hates middle class but doesnt acknowledge it😂
Probably she hurt her middle finger and thought F these Middle class...
@@bharatht.s5525u think she can do anything without knowledge of modi?? It's the decision of bureaucrats and modi she is just a spokesperson dnt hate her hate modi blame modi
@@nkj9683 why ?
Nirmala Sitharaman is not middle class, so she doesn't care about the middle class, and she doesn't invest in equities, so high capital tax doesn't matter to her, just like she doesn't eat onions, so high onion prices is not her concern.
@@bharatht.s5525 😂😂😂😂😂
She made 6% of electorate suffer to make 94% electorate happy
No one is happy.. Nothing for poor, Nothing for middle class. Only favouring corporates
@@SrutiTravelvlogs What is the exclusive benefits the corporates are getting?
@@SrutiTravelvlogsPradhanMantri aawas yojna Urban 2.0 and Rural
Five Employment and Upskilling packages
Infrastructure
No Taxation now upto 7.75 lakh
MSP increased for farmers
Research and Development fund
80 crore people free ration
Ayushman Bharat scheme
These are for corporates?😂 nah buddy, the budget is for the poor people, not rich ones.
@@SrutiTravelvlogsye awas yojna tere liye hai kya poor ke liye nhi hai to
@@Sporthyravuri91 No increase in tax for corporates is the benefit. Because everyone directly or indirectly will be paying more. So no change is also good comparatively for corporates 😂
Most useful and knowledgeable insights from vedios. Thank for keeping us updated 🙏
Modi government has failed in understanding the middle class, from Arun Jaitley to Nirmala sitaraman.😡😡😡The Modi government's policies always have neglected and insulted the middle class. 😞Taxation reforms, such as the implementation of the Goods and Services Tax (GST), have increased the financial burden on this segment. Additionally, there has been a lack of significant income tax relief for the middle class, despite rising inflation. The handling of demonetization in 2016 caused significant inconvenience and economic stress to middle-class families. Education and healthcare costs continue to rise without adequate government intervention. Job creation has not kept pace with the growing number of graduates, affecting middle-class employment prospects. The real estate sector's slowdown has also impacted middle-class investments. Public sector bank reforms and increasing non-performing assets (NPAs) have created insecurity regarding savings. There is a perception that the government favors large businesses and the wealthy. Overall, many middle-class citizens feel overlooked and underserved by current economic policies.
ChatGPT ka achha use koi inse sikhe😂
Increasing NPA? Explain.
@@ujjwal2473ek kaam kr fir....tu bhi istamal karle ye samajhne mai jo usne likha hai....shayad dimag me roshni pade tere
@@Maharaja09 nhi prabhu sirf aap hi smjh skte ho. Kya aap apne aap se mujhe compare kr rhe. Sara gyam aapke paas hi toh hai😂
@@demorvie He can't because his comment is AI generated.
I appreciate think school for finance literacy it bring in India i am 10 th grader and from 8 th class I am seeing his videos very thankful to you for giving me intrest in buisness
Ha kitna paise Mila is comment ka. Indexation benifits hataa diya yeh yaad hai naa . 😂😂😂
@@rascalpascal9514 I am appreciating think school not the finance minister first read than comment
Modi government
Taxing its people like Europe
Providing facilities like Africa ( at this point even Africa seems better)
Even the per capita income of india at 2000 dollars per year is equivalent to Bangladesh per capita income
India must at least get 10000 dollars per year capita income in 2030
There is no way you're not a bot you have 50 copy paste comments from all budget videos
@@Raja-it8en I'm seeing your comments everywhere as well in this video. You're also a bot i guess
Why r u getting angry. This tax system is part of the plan to make India a superpower in 2047. Please adjust
00:04 Budget 2024 sparks chaos and criticism
02:46 Government's vision and major themes for Budget 2024
06:52 Government should invest in incentivizing colleges for better education
08:53 Budget 2024 introduces E voucher scheme and Credit Guarantee Scheme for MSMEs
13:04 Government's focus on increasing productivity and climate resilient crops
15:13 Revised tax slabs aim to reduce tax burden on salaried employees
19:11 Revised tax regime likely to save 17,500 rupees per person per year.
20:59 India's fiscal deficit has significantly reduced, which is beneficial for the economy.
24:49 Importance of balanced fund allocation to all states
26:30 Key sectors expected to benefit from Budget 2024
worst for middle class honest tax payer. Govt has not either changed slab for old tax scheme since so many years or they could have increased 80C limit from 1.5Lakhs to 2-3Lakhs, thin in turn saving will go to banks and financial institutes.
Govt could have honoured honest tax payer by reducing tax percentage for 5-10 Lakhs from 20% to 15% and for above 10 Lakhs from 30% to 25%.
Looting a lot of money from LTGS, STGS and STT. Shame on Govt.
What can we get from economically illierate laday. Govt not using economic expert like Subramanian Swamy. Govt only need puppet like Nirmala Mam.
Future 2025 Budget:
1. Tax on Drinking water
2. Tax on Breathing Air.
3. Tax more/Lodge complaint if you oppose Govt policies.
They want to remove old tax scheme. So no 80c. Then increase tax in new tax scheme
Kya fookta hai tu? 15 lakh tak tax 10% bhi nahi hai kya 20 30 lga rakha hai and usme bhi 80c and child education home loan etc yani lagbhag 18 lakh tak direct tax 10% hai ussey upar kmane par 30% but how many earn salary more than 18 lakh ?
@@rohitpant352 this is jio technique. After they remove old regime, new regime will come with increased slabs
@@mohanv88 now you are comparing apple to oranges. Stop pulling stuff out of your life. Social media bnd krde kuch din and relax . Life is not that bad.
Middle class from upcoming election state let’s show them our power now, it’s high time we get ignored and taxed heavily 😮💪🏻
The other parties will tax even more. 😭
You cannot show shit !!! Middle class that too income tax paying percentage is very less and never vote. The onces who vote are getting freebies and have no job and they vote !!!
They are not unique.
What’s your salary range? Do you invest in stocks or gold?
Yes bro vote opposition they are even worst by giving freebies, 45% inheritance tax, 75% reservation in Indian education system
Wrost budget. will kick out in next election. Made huge mistake by voting him 😞
@@Nilkamalsha75 lol
Better late than never😂
You will forget in 5 years.
U didt vote bjp. EVM voted bjp.
U cant defeat bjp.
Modi will keep raising taxes..
Agreed .
From the people of Manipur, we can't thank you enough for mentioning Manipur and bringing up the issue. I hope this budget is an eye opener for all of us.
So... Why were people so mad at taxes?
Didn't the same voted for freebies?
"Freebies"
🤣
Bihar and Andhra Budget 😮😮
Ruined - Middle class and Investors 😭😭
Middlle class in India is probably luckiest !! Just go and find out how tax slabs work in UK, Europe and US. UK, Europe being worst. Higher income slabs reach up to 47 to 50 %
Nirmala Sitharaman is not middle class, so she doesn't care about the middle class, and she doesn't invest in equities, so high capital tax doesn't matter to her, just like she doesn't eat onions, so high onion prices is not her concern.
Andhra budget, go and do some research and find out how much does government spend on south states in comparison to north and also dear brother, please find out the andhra pradesh reorganization act made in 2014. This is the first time after the bifercation andhra is getting what its needed to get. Please do not look it in political perspective but in inclusive perspective of one of our country's state with literally no capital.
Andhra Pradesh is getting its fair share as per reorganization act. We have been ignored for 10 years. This is on top of the loss due to state bifurcation. Everything announced in the budget is part of the AP reorganization act. In fact we are getting it very late. Another thing we haven't even got the railway zone and steel plant as part of reorganization act.
@@indiasane9420 they get better quality f life dude.
You forgot to mention removal of indexation in capital gain
Titanic had Iceberg and BJP has Nirmala ji.
When I got my first interview, the first question they asked was, "You're a fresher, and with no break between 12, UG, and PG. So, what is the guarantee that you will not leave the company in just 5 or 6 months for preparing for competitive exams?" Many companies are afraid of this too; they plan for a long time with the belief that the new recruit will not leave the company, but due to the over-obsession with competitive exams, many companies are really worried about hiring freshmen into the workforce, especially in the agriculture sector.
Buddhi Nirmla don't know how middle class survive putting taxes and taxes she needs to step down from his post
Which tax she imposed on middle class elaborate?? Tax is reduced
PradhanMantri aawas yojna Urban 2.0 and Rural
Five Employment and Upskilling packages
Infrastructure
No Taxation now upto 7.75 lakh
MSP increased for farmers
Research and Development fund
80 crore people free ration
Ayushman Bharat scheme
Who is this for?😂
Have you ever seen it? Experienced it? If not then go and try to get it, @@ujjwal2473
Tax rich farmers !
@@Raja-it8en What abt LTCG and STCG taxes? you are gonna say Middle class youths are not investing in markets? or you gonna say market is only for rich people class?
Thank you.. Really a nice presentation.. my opinion is .. 1) stop freebies 2) collect little taxes from forming 3) do one of these 1 and 2. 4) complete the ejipura flyover 5) complete the polavaram project
Are you from Bangalore?😂
Really pains to see ejipura flyover man
@@mohammedfazal3199 yes.. This is a pathetic government..
@@dvdv183 Actually it's been under construction for about 7-8 yrs now so both BJP AND CONGRESS are at fault
12.5 % on long term capital gains tax is outrageous.
Just 2.5% extra tax leads to lakhs n crores.
This is soo bullish on middle class 😢
it's only above 1.25 lakhs, so people who are middle class and lower wouldn't have profit of 1.25 lakhs every year but blame the government that they are still in middle class or poor.
It is on property also without indexation
@@cool254 people invest for goals like children's education/marriage, retirement etc. And these investments happen over multiple years. There is no guarantee that every year you will have enough returns to take out 1.25 lacks. So, increasing LTCG is wrong. And please be ready for 20% LTCG in near future.
@@ranjeetd90bhai woh bot hai kisi reply kar rha hai tu 😂😂
@@ranjeetd90 for every year transaction it doesn't affect any middle class as the cap is already 1.25 and increased now.
Only for scenarios such as Lumpsum redemption it's affected. Let's take a realistic example of a middle class person transaction in lumpsum.
A transaction of 5 lakh(education )with 1.25 lakh profit: 0tax.
Also government has reduced tax in new tax regime which would save atleast few thousands a year.
Transaction of 5 lakh with 3 lakh profit:
Before: 20k tax
Now:21.8K
Transaction of 10lakh with 5 lakh profit:
Before: 40k
Now:46.8k
So people who comment lower and middle class are affected should learn basic math and understand it doesn't affect them, infact the loss in Lumpum amount (rare) is compensated by reduction in new tax regime...
But yeah mostly the upper middle class and rich are affected. People of India have still backward mindset of paying no tax and blaming the government. Yes the results would take decades and people who pay tax would definitely not get anything in return but we need to understand that we should start somewhere, People in US are actually getting in return from government, only because their people payed tax decades back.
Thank you so much, team Think School... Such a wonderful explanation. Not lateral inclination. Simple facts. 🙏
I've been a long-time viewer of your channel and appreciate the content you produce. However, I can't help but notice your unwavering support for BJP, no matter how many times they mess up. It's almost as if they can do no wrong in your eyes!
I get it, loyalty is admirable, but blindly defending BJP even when their actions are indefensible really takes dedication to a whole new level. It's almost like you're their PR agent!
A little balance and willingness to call out mistakes might actually add some credibility to your channel and it's okay to admit that sometimes your favorite political party gets it wrong.
Looking forward to seeing a more nuanced perspective in your future videos. Keep up the great work!
Please watch dhruv rathi, donot litter here
YAA BUT IT IS STILL better than defending aap against kejriwal you just think what is in your favour but budgets are made on taking into account overall aspects
Money matters brother !
Perhaps the blindfold is on you, no offence! He presented everything with facts and figures and criticised where he felt right. May be you need more nuances to look at the content. We are all forgetting how a civilised content is produced by watching most contents on social media.
After budget immigration 📈📈📈
U mean emmigration
@@jaijishnu527 I meant immigration to USA but yeah 👍
If only we could run or fly to USA as easily as you say... We will by all means
@@AST7117 Then have less income or do agriculture and pay zero tax
@@hari14m people like him are not paying any income tax. he just wants to cry and complain.
A view on budget
1) Money given to Bihar is a charity
2) Andhra might use atleast half of the money. Rest half will be a charity.
3) no benefits in any way for middle class. Just pay tax at each and every juncture of any monetary transaction(salary, mutual funds,stocks,insurance etc). While the rest 138Cr. People will enjoy free houses,water,electricity,some states even giving free cash now. Best period for non tax payers.
4) Govt focus on fiscal deficit is good
Lastly we would like if you can do another video later in comingbyears to check on the government promise in budget.
will delhi or which state use the money 100% useful?