@rinkukuntal3116. Oho, she cares so much about us that she doesn't like us to drive a bike or car but a chopper..she cares so much🤦♂️😂😂 Apart from it, I m suspecting do they (leaders) become deaf while giving such kind of speeches..I wonder 🤔
Both are different things. You can't tax 20 percent on 50 crores but can tax that in 1 lakh. Btw two wheeler taxation is High, I agree and I want taxation on 4 wheeler to increase and two wheeler to go down.
Even earning with 7 lakhs is crime if you try to invest and earn more money for your future you will have to pay more LTCG,STCG and you want to invest or buy real estate then indexation benefits are removed
No, your statement is incomplete and becomes misleading. Please edit it to 'Its a crime to earn more than 7.75 lakhs as a salaried/clean person, otherwise you can earn lakhs and crores as a non salaried person and still pay 0 rupees as tax'
I am paying 30% direct taxes and also indirect taxes. I am earning for 3 members of my family and i can't afford even a small maruti car. Why my money is paid for your incompetency and your bridges are falling frequently, your trains are derailing, colliding frequently. FM will playing for opposition and will lead to BJP fall.
Saar Saar, the Bihar bridges were built before 2014 when Manmohan Mohan Mouni Baba was PM and Tejaswi Yadav was PWD minister. Please do fact checking from LFC Zoobear Saar.
So are you saying you are paying 30% tax, meaning after all the tax slabs and rebates, you are still ending up paying 30% tax but no money to buy small car ? Something is not adding up, go look at tax slabs
⁸Mantris, nokarshahi travel in business class by air by extortion of tax from middle class. Next time Akhilesh ko PM banayenge. Dusra galti nahi hoga mujhse
@@Nash_utube I'm on the same side..30 percent tax payer .single bread winner for the family .. struggling to runy family.. I was a bjp supporter till this election but not anymore. Its over.
Maturity is when you realise she's just a puppet, main culprit is her boss She didn't even contest 1 sear this election yet she was made the FM again. But when someone points at her boss people get offended as someone has pinpointed their dad.
She thinks that the public are fools . She is going to be the main cause of BJPs defeat in the near future. What a disastrous anti mid class budget when the public is going through galloping inflation.
The CPI report revealed that inflation spiked to its highest level in more than two years, and that's bad news for both the economy and the stock market. but I don't know if stocks will quickly rebound for a few weeks, I am under pressure to sell my holdings or wait.
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1:28 That's her logic. Middle class should not invest in future and options because they're middle class. But at the same time, they can pay 30% tax to the government along with 18% tax on the items they purchase.
on behalf of Salaried employees who cannot evade paying tax... TDS axes 20% to 30% of their income. And with what is left, they have to pay 18% GST on everything they buy. So on a whole 48% of income is taken by the Government. Is this fair????
Exactly! Why shouldn't middle class not invest in F&O? I paid income tax uske baad bhai mera paisa meri marzi.. No wonder brain drain has increased significantly in this country.. I would have gone too if I wasn't serving in the army.
@@ashishthacker9783 who is she to lecture us where to put the money. When we make a loss. We eat the bullet. Government doesn't do anything shit for the traders. So why take away our profits
This interview is like one of my college teacher. He writes on board , reads it himself and erases it . Only he understood. Doesn't care about the students in the class.
Correct 💯, maybe she should have mentioned how many middle class PPL invest in real estate for returns. Ideally a middle class salaried employee would have 1 house for living and at most 2nd home for rental / vacation purpose. This budget is hard hitting for those who earn handsome amount and invest in properties for return. And they can be and need to be taxed.
@@AjayNavale-z2kno boss ppl sell house or another realestate for child education or any other family emergency too...u might be from rich that's y talking like this
Worse than that An English lecturer was there .He talks in low voice to himself and goes away As such in those days we were not well versed in English .He was taking poetry !!!
they know at the end of the day we will normalize it and move on to other things ...they want to putting it to limit how middle class can take it and decrease it little bit when riot occurs
She is so so arrogant.. I have seen multiple past conferences as well its always the same. Just makes a mockery of others and thinks she is holier than thou. If you tax at so many levels then give something in return. The only thing this government has done is in infrastructure and that too by collecting tolls. Its next to impossible to travel without paying toll. We pay road tax, fuel tax, income tax and then still pay toll tax.
Someone has to pay for freebies to farmers ,unemployed ,rations for poor etc. can't be corporates for fear of growth rate decrease , so has to be 2% tax paying non voting population.
She is not elected by the people of india but by the members of parliament. She doesn't need to have the fear of whether she would be elected by people for next time. So she need not worry about the people. She maybe legally right but morally enjoying this supreme power and doing injustice for Indian citizens that too middle class is wrong
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When FM is talking about equality, why have you not raised the corporate taxes? why only penalize the middle class. The answers given by FM are nowhere linked to the question asked.
@@nikhilpanikkar corporate generate employment and the employees are middle class whoes pockets government is emptying no corporate can be profitable without the middle class who work 10 hours a day For paltry amount
Well, increasing corporate tax is just equal to increasing personal taxes. Because if companies make less money it will negatively impact jobs and salaries of all employees. So that's not at all a good idea. In fact I would say it should be further decreased. The only solution to reduce tax burden from salaried class is to increase the tax net from current 2 crore people to at least 30-35 crore people. And yes STOP freebie nonsense.
The new budget is actually great for the middle class. They have increased the income tax slabs by a lot. First of all, I hope you know that you are paying 15% tax for only dor the income which is between 10-12 lakhs, which is at most 2 lakhs for this slab. So 15% of 2 lakhs, which is roughly ₹30k 10% income tax for your income which is better 7 lakh and 10 lakh. Which is 3 lakhs. 10% of 3 lakhs is another 30K. 5% tax on your income which is between 3 and 7 lakhs (7-3 lakh, is 4 lakhs) 5% of 4 lakhs is 20K. For your rest of the income which is below 3 lakhs you don't need to pay any taxes. Mind you this is without applying standard deduction of 1.25 lakhs. If you apply that than you might even skip a whole income tax slab. So at most the income tax that you'll pay if you are earning between 10 lakhs and 12 lakhs is 80K, and this is assuming you don't apply a standard deduction of 1.25 lakhs to your income. You are actually paying very less income tax compared to previous years, and certainly not 15% of your income as income tax. I have seen many people online here who don't even understand the concept of income tax slab and fall prey to all the media propaganda bullshit. I sincerely hope you are not one of them. If you are actually earning more than 12 lakhs, then you are not even a middle class person. It's considered as a legit lower end of High class in India. In which case, you will be taxed higher (but not too much). The 30% income tax is only for the slab of income which is higher than 20 lakhs. Say you earn 22 lakhs, then you will only be paying 30% income tax on the income which is higher than 20 lakhs (which is 2 lakhs, 22 lakhs -20 lakhs).
Nirmala sitharaman acts like a super efficient woman though in reality she is a good for nothing, completely dumb person who knows nothing about finance..Her arrogance and pride come from her ignorance and she is on her way to her downfall like what happened to cylindrella aunty..The only talent nirmala got to help her chair that position is her ability to please and licking boots of modi and amit shah..
I voted for bjp. You are not doing anything great other than taxing. I regret supporting bjp. I pay direct tax around 15%. And lots of inderect tax including for my savings investment. Here after paying so much tax we don't depend on government hospitals, government schools, house rent and grocery expenses increasing every year. Not bringing GST for petrol diesel and blame GST council for this alone. I planned to get a loan to get a house and then the state and central charge around 11% and again additional charges from bank so dropped the plan itself. A credit card emi interest has GST. All many small small things you tax. She really doesn't know what a middle class is going through.
Fyi srinivas, Even Congress wont do anything. It would be considerably worse. To keep supporting their Freebie schemes. Govts should try to bring more people into tax purview. All local street vendors
They have actually reduced taxes for the middle class by increasing the tax slabs. Do your own research and think before falling for the propaganda and media narrative. The real estate indexation is only a problem for real estate tycoons who earn crores from real estate, not for a middle class person with less than 8-10 lakh salary per year. They hardly need to pay any income tax.
How can she treat all the asset classes similar. Nobody buys shares for 20-30 years and then sells them. But in real estate it's common. Mostly in middleclass. People invest in real estate for the long term. Then they should get the benefit of indexation. Removing indexation means you think 20 lakhs in 2001 has the same value in 2024. What an absolute bull shit.
Don't blame her, she is just Modi's servant....Modi is the key decision maker. He hasn't said a word on budget till now....whatever happened to his tongue, till last yr he did so many "mann ki baat" episodes😅
Nirmala Sitaram single-handedly destroys the future of BJP in India. I was a hard-core supporter for the BJP. But now, I am in doubt whether supporting the BJP is the right thing to do.
Ma’am as a middle class person I have been paying taxes honestly however when I education for my kid I have to go to private schools, similar situation for colleges, for medical we are forced to go to private again. I need not talk about cleanliness, hygiene and infrastructure which is being improved for ever but it’s far behind the what we need. It’s monsoons and with just 30 minutes of rain the city’s roads get choked and again it’s the middle class which has to keep patiently waiting for hours in traffic jams. I go on and on when it comes to quality of life in India. I would like to know when will I start getting services commensurate to the taxes the I pay? If my govt can’t deliver on these expectations then you better reduce taxes.
They don't know how to ask questions too. When asked for examples they have first asked about futures and options. Arey bhai short term chodo long term tax hai. Banda mfs mai saalao ikatta karke atlast ghar ya gaadhi ke liye downpayment dena ka ready hai aur suddenly tax bada diya
BJP needs to go now, we showed patience for 2 terms and they have absolutely made a mockery of middle class. This time be it Pappu, if we go down lets take everyone with us.😂
Nirmala sitharaman acts like a super efficient woman though in reality she is a good for nothing, completely dumb person who knows nothing about finance..Her arrogance and pride come from her ignorance and she is on her way to her downfall like what happened to cylindrella aunty..The only talent nirmala got to help her chair that position is her ability to please and licking boots of modi and amit shah..
Being a “So called middle class” i pay 50Lakhs tax per year where I didn’t even study and develop my skills from a govt run educational institution. But I do care of the country’s development which is why I am a dedicated tax payer over years. But this system of simplification totally removed options like 80c, home loan exemption etc of saving taxes. Talk about simplification, then take 30% from my salary and that should be it right? why are you taking taxes from the remaining money I have saved in forms of gst, tax on loans, tax on bank interests etc? That I have earned some money utilising my own skills and my hard work and that I am spending that money to buy some happiness for me and my family like a car or a house or any electrical appliances my mistake? why should I or anyone for that matter give shares from those expenses as well?
50lacks per year tax... then ur earning in cores... lol.. what are u even saying... ? This is not a conversation for u... this affects the Middle class....not rich people like u.....
Then go and trust congress I guess u r thinking congress will remove tax or what ? they will give freebies and more tax will be collected from tax payers
She cleverly dodges the direct questions thinking that public are fools. Dear FM. Middle class are well educated to understand your gimmicks. F&O is not for middle class?? If you meant that F&O is for rich, then increase the corporate tax and ultra rich. Sad to see that we have such FM who manipulates the statements to her convenience.
Madam Finance Minister, as a salaried tax paying citizen of this country please tell my why should I pay tax in order to support the inefficiencies of the government? The health sector is in shambles, the roads are worst than ditches, clean drinking water is non existent as a result of which we have to buy bottled drinking water and again pay more tax on the same, trains are never on time and even travelling in a AC2 is a nightmare. The least said about railway safety the better. And the list could go on and on and on. So when we do not get anything in return, please tell my why should I vote for you? You are just as good as the other political parties. Hence I have decided that henceforth I shall be voting for NOTA.
on behalf of Salaried employees who cannot evade paying tax... TDS axes 20% to 30% of their income. And with what is left, they have to pay 18% GST on everything they buy. So on a whole 48% of income is taken by the Government. Is this fair????
voting for nota will do nothing even if 99% votes for the nota the 1% will decide the victor you need to find good candidates to vote for maybe a new party even if they will eventually become corrupt too atleast the first few years will bring some light into our lives
Totally agree. U resonate the honest tax payers. In the next few centuries, no politician is going to do good. POLITICS IS THE LAST REFUGE OF SCOUNDRELS
Bhai yeh tune zyada bak Diya Roads are better than ever in India's history. Many AC2 trains are very good. Thoda sahi sahi lagao Baaki wherever you vote won't make any difference. It's the lower class which is the votebank
I’m working in private sector. Paying 30% of my income to government. I have no pension when I retire. Using my money government is providing home to homeless. But, when I want to take a loan, they could have exempted me from paying tax until I clear my loan. This lady doesn’t understand the issues of middle-class. She claims to be from middle class. She’s getting all retirement benefits of Ex MPs. Started Feeling sorry for supporting this government. I agree that Khangress will bring injustice to Hindus. But this government is continuing the injustice to Private salaried employees. All this promises were fake
Well said..I was previously supported now I am against this government policy.This lady is sitting in BJP CUSHION Waste of time to talk about this lady..even her husband is not supporting BJP..
But we don't have any political party other than congress and BJP 😢😢 who can we look up to? It's high time we need a new and young political party emerging from gen Z and understand the problems of all kinds of sufferers. We need a real chanakya now
As a tax accountant, if I think, there are two things to this, one is simplifying taxes, other is increasing the tax burden, in the name of simplifying taxes one cannot increase tax burden, or say yes we have increased the tax burden but it is more simpler now. Neither the Secretaries nor the FM is able to articulate this, hence, the natural outcry from the taxpayers...
They know it very well that they have touched the snake's tail. Now they are just trying to defend their actions which is totally undefendable.😂😂😂 Hagg denge agle election me😂
Main question. Who is she to decide? We have earned by our hard work, paid our taxes, and now will put the remaining wherever we want. Or is nirmala sitharam going to decide for adults that this is good and that is bad? No materr how much the country changes, socialist scum still manage to get themselves elected
I didn't open this video. Bcoz I know nothing fruitful will be there. I just came here to comment that India need a genuine party in majority who appoint competent Ministers. They should know the importance of hard earned money of citizen of india who pay very high illogical tax & support middle class to grow.
@@amrapali-gs3co I am happy to pay a little extra for the security of my family and religion. Gandhi's will make you pay even more and still sell off your liberties to the minority. They are experts in the formula of Divide the majority, please the minority and rule the country And expertly using social media to achieve it
sahi to bol rahi hey agara tum futures option kar rhe to tum clearly middle class nahi mahne ke 2 lakh ka a ke agara khud ko middle class bologe to yahi hoga koi bmw kharod ke bolega middle class kyu nhi kharid sakta to kese hoga
Voh toh aise bhi bolegi kal uthke k gold middle class buy nahi karta sirf rich log hi kar sakte hai ,matlab ghar mein thoda thoda karke log bachate hai naa ki ek jhatke mein amir, Ltcg jiske pass 1_2ghar ho unpe tax kyu lagana ,jabki logo k pass bunglows aur sab hai unpe tax maro
Till 7.75 lakhs there is no tax... 75k is standard deduction... Rebate under 87a is 25k.. So till 7.75 lakh no tax... Then why people are crying so much... Apart from capital gain which is just 2.5percent increase from 10 percent.. tell me wt made u upset about budget apart from capital gain tax?
😂 this budget is for only 1 year brother not for entire 5 don't be very extended about upcoming elections abhi bahut time hai bahut kuch hone wala hai ! Early celebration is bad for you.....
Politics isn't my cup of tea but from last 10 years I used to support Modi govt but this budget offset me more. This govt is looting common man in the name of tax. If i earn they took the tax, if i spend they took the tax if i invest they took tax. Interest rate in savings scheme going down and tax from return is high. A good govt should increase interest on savings and bring down tax in salary, expenditure and return earned from savings and investment. Will pray 🙏 to God this govt won't come again.
Did you guys notice her tone?? She literally saying that F&O(Future and Opportunities) are NOT for middle class people and they can't/don't deserve as it has risks. If that's the case why middle class need to give 30% tax to govt when they can't do something favorable for middle class. Senseless FM. Now I feel very regretful for voting BJP. She single handedly has the potential to ruin BJP career as well as ours🚮
FUTURE AND OPTIONS NOT OPPORTUNITIES??? BREH many middle class citizens having tried it and failed miserably in that usko satta ke tarah jua ke tarah middle class is doing...stocks and real estate mei bubble create horaha h and thats why middle class has to be discouraged on doing such things when they obv cant take risks related to money
@@VijayVerma-pt3cf the world doesnt work like that because due to all this a bubble is being formed in the stock market which is followed by crashing of the market and i think there are n numbers of examples for consequences when the market has crashed which will be bad for you and me as prices of goods will be increased and people wud lose their jobs as well.
The main reason she did not contested in elections is because she is much aware of the fact that she doesn't even get deposite. There is no mercy for for middle class person who recently started earning. She thinks that everyone earning more than 10Lak is a rich person and puts tax both source and expenses. Such a shameless behaviour in public meetings as well. Waste of time to think about tax relief for midclass in her tenure as FM.
Very disappointing to see FM doesn't seem to understand the pain of honest tax paying citizens and want to keep taxing more and more. I think this is going to be the end for BJP
@@jayakishore565Really 😢😢. Under the old tax regime accounting for various exemptions and deductions availed in entirety, you will not be liable to pay tax even while earning Rs. 10,00,000/- per annum. While under the New tax regime without any exemptions, there was a tax break provided at Rs 7,50,000/- which has now been enhanced to a paltry Rs. 7,75,000/-. The old tax regime accounted for HRA which constitute 20-25% of your salary, while the new tax regime even disallows that and compute gross salary in its entirety. So where do you think your Modi Govt offered any tax concession in the first place?? LoL 😂😂😂😂 Even savings bank interest and interest on refunds are not being spared by this stingy Govt. The income tax exemption limit under the old tax regime was Rs 2,50,000/- in 2014. This has stagnated for the past 10 years even without taking into account run away general inflation and wage inflation. So what are you really talking about?? What is more disconcerting is that a committee has been constituted to review the old tax regime and it would be disbanded permanently consequently resulting in more tax liabilities and disincentivising savings completely. And even more annoying is sympathisers of this Govt., feigning nothing happened. 😂😂😂😂😂
doesn't matter in whatever way she tries to justify.... this is unreasonable. Middle class has always been in bjp's support but they dont seem to support middle class. There will be consequences. Govt role is good governance and not manipulate people's decisions.
Aunty is wrong word WITCHY GRANNY is the correct word. Luckily she is tamil telgu sanskrit hindi hybrid. She stays in bangalore as usual don't know kannada 😂. We are very happy she didn't pollute my language even she is karnataka rajyasabha mp
She says F&O is not for middle class.....ok , but what about Long term capital gains? If in India investment in Stocks for more than a year which almost every small investor is doing...then i don't think its a good strategy to increase capital gains tax...... Everybody knows that in India approx 6-8 % people invests in share market , after that also they are increasing taxes ? Let's forget stock market, what about indexation for real estate? In India real estate has been one of the major investment area where almost everybody is invested somehow or want to invest.....why you removed indexation from real estate? If this goes on like this then in future FDI (Foreign Direct Investors) will never invest in India and our country will remain poor as before
Finance Minister thinks that she just made small changes this time. She won't even realize that over the last 10 years, BJP is killing middle class slowly. They are putting taxes on all the ways which allows middle class to save a bit for his family. Here are a few actions from Modi Govt. Reduced benefit for interest on Housing loan, Life Insurance is taxable now, Dividend earned in taxable by payee earlier companies have to bear it, second house is luxury now, reduced corporate taxes and added more to middle class for compensation, above all interest received from Income Tax dept is now part of your income. Height of blood sucking. It's only a small part of a huge list.
There is no justification for increased taxes. Simplifying taxing doesn't justify the extra burden. If you wanted to simplify add indexation on all LTCG gains.
U need to change ur CA .. new tax regime saw some minor benifits but look at bigger picture.. old tax regime got nothing.. removal of indexation.. increased ltcg stcg on everything ie:gold/property(everything).. increased tax/service charges everything u do in stock market investment @@phanirajsrinivasch8108
She is saying revenue neutral. How can it stay revenue neutral, if your tax brackets are not adjusted for inflation? The tax slabs remained same for around 10 years now. So basically increased revenue for the GOVT, and declining revenue for the middle class.
The way she talks about middle class investment in F&O speaks enough about how unemphatic this govt. is for middle class. What about LTCG on stocks and MFs? Is that also something which middle class shouldnt do? "So called middle class" just sounds so damn rude! You increase taxes but provide no benefits to the taxpayer like it is done in the developed countries? Where is the pension, social security, healthcare facilities that taxpayers get in other countries? Unemployment and inflation are at peak, pathetic infrastructure with bridges collapsing, roads caving in, dirt everywhere. Where is the money collected from tax collection going?
@@supriyasuvarna4700 True..the state allocation is just to please the coalition. Tax rebates are also just an eyewash. Unfortunately, middle class pays the highest taxes, but, when it comes to the vote share, it is a minority.
If you earning through share market or mutual fund you need to pay high tax as simple as that.. More than 85% of population India dont know about LTCG.. n also due to recent increase of money flow in share market it will create imbalance.. India me banks bhi hai yaha FD , savings account etc me paisa kon dalega.. and also share market maximum log ko loss hi hota hai..
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When the PM said "GHAR ME GHUSKE MAARENGE", perhaps he was referring to the middle-class of India and not the enemy countries. So it's important for the citizens to understand the hidden meanings of the PM's statements.
So accurate..... bihar bridge, Mumbai potholes and in Delhi upsc aspirants dying.... cannot be justified...abhi toh health care and education ki toh hum baat b nahi kar rahe hai...
chutaki bajate hi sab theek nahi hojata..rich already paying 30-40 tax stop crying that's why most of them leaving..middle class and rich are carrying most of the weight of our nation..what other options do we have..there is huge spending on infrastructure, Defense,services etc..pls bear with it a little bit more my countrymen.. after all we r same people who collapsed Atal ji's government over onion prices and later regretted it..don't do the same..
Worst fm without any sympathy for the taxpayers. Taxes and inflation are going through roof. Tax on salary, tax on spendings and tax on savings. Every budget they keep in increasing taxes. This govt is living in eco chamber and lost touch with common man.
@@skdangi tax on PF too ..Soon she will introduce Gutter cess for cleaning your gutters, natural calamity cess so that the mountains don't fall,.extreme weather cess, monsoon cess, babaji cess to support Baba's , protest cess to support the protestors
Okay okay stop your nonsense. The questions you are asking and the arrogant reply from this old lady is a big non sense and heart rate increasing discussions.
Agreed those who pay taxes they must be reimbursed with that much amount as much as there tax is paid and after thaat amount must be taken from them as form of tax in gst
@@nickelvikky9707 Why not completely simplify it just take away all the money and then there the tax payers wouldn't even have to spend 1sec to calculate how much they have to pay. India will get get the title of the easiest to understand tax system globally
If i tell my school teacher, she punished me but not my friend, she'll throw me outta class.. I cant question the police, why i alone was charged for Helmet, when so many just passed without punishment!! Somehow our grownup, mature, OLD politicians always get to justify crime by quoting the crimes of predecessors .. all North, South, East, West, Dravidian, Aryan , Hindu, Muslim, Kuki, Jat - no discrimination ONLY in this?!
As i earn 15L and pay 30% tax already and again i have to pay tax for each and everything i buy... then how can i pay for hospitals and for my kids education... you are not even providing healthcare and education as like other countries when they pay good tax.. then where was all our money???? How do all politicians are so rich... frok whose money Modi is wearing all expensive dresses... just a shit government in India.. young guys better go out of country and live a good life. Even though you pay tax there they will provide a good environment for sure...
It’s not BJP or Modi’s fault. The tax system has been rotten since ages. The politicians have always been incompetent since the last 4-5 decades. They don’t give any benefits to the people
If you have an answer please write it. Finance isn't so easy for a family. Let alone the Nation. Well its fine to disagree with negatives of the budget but at least at the same time, appreciate the positives of the budget na
If you will ask this question to the honorable FM, then your demat, savings, current accounts will be blocked by the government and INCOME TAX DEPARTMENT, ED ENFORCEMENT DIRECTORET will raid on you and if you are not linked with the black money, then also you will jailed for the black money allegations
@@chaitanyasabharwal72003you need answer try investing more on education and skill training, also support more startups and manufacturing rather than making 6 lane stupid highways
She wants to say that the middle class should not take risks. Put your money in a savings account and get a 3% annual return where inflation is above 6%. LOL. She didn't even reply to our Ex-Finance minister.
Yeah it's not even Congress & INDIA bloc suddenly becoming a better party overnight, BJP is shooting themselves in the leg starting off their 3rd term with NTA/NEET issue and now this
Look at her arrogance. Would she be kind enough to also let us middle class know what we are getting in return. What is the sin we have done to pay every kind of tax and get absolutely nothing in return. Will the quality of government services go up if we pay higher tax?? Or this will fund other dozens of bridges that can fall any day on our heads?
1:28 .... so do you dare to put a restriction .. saying that .. those who have a income of above middle class should invest in futures and options .......... make this happen ... see what will happen to stock market........ middle class life became a joke now a days .... every year they are making changes to tax rate .. then why they maintaining same limits in deduction sections .. for past 10 years?
Extremely disappointing. Leave my salary with me, so that when I go for my child's higher education, I don't have to go for loan and pay interest, when I wish to build a small house for myself, I can do it without borrowed money from bank and paying huge emis. What a vicious circle? The middle class has been reduced to the status of beggars, work hard like donkeys, earn a little and pay taxes, buy a little and pay taxes, save a little and pay taxes. And then for bigger expenses, borrow money from banks and pay emis. Very sorry state of affairs, a semi totalitarian state
I had been a BJP voter as well. But I think its high time the middle class taxpayers unite . 2% of the population is paying very high taxes and take the burden of the entire population. The solution is not to impose further taxes on the same 2% but bring more people within the tax bracket and distribute tax liability. Why does a person with 15L income taking care of his family need to pay 30% tax and a person with 1cr agricultural income pay no tax ? Why with purchasing power of rupee decreasing by almost 50% in 10 years (basic commodities costs double within 10 years),the tax brackets are not adjusted accordingly? Why punish the hardworkers who invested their life trying to skill up , earn for their family and want to make an honest living ?
I am a modi hater, yes your points are valid but I want to tell you, do you will vote for congress who will also do the same thing by taxing middle class and distrubute freebies to run government, in this case all government are equal.
@RIP_Annamalai haha I can understand your problem ...kindly consult a psychologist for your anger issues ......Just because you hate modi facts are facts , congress and your support dmk party are the most corrupt ...Thieves calling other people thieve is the biggest hypocrisy
@RIP_Annamalai Consult a psychiatrist for your anger issues ....You want to name call and abuse everybody ..Facts are facts , congress and dmk looted india the most
Well, I am still not able to get the concrete answer on why the indexation is moved? She directly jumped into GST topic. In GST, what's the rationalization of petrol/ Diesel is still not covered? Govt if deciding on rationalizing the tax reforms then do it at the benefit if citizen by redirecting to invest more rather than taxing & looting middle class. Pls invite Mr Raghav Chaddha for this interview. All his points put forth in parliament are spot on. I am quite impressed & and that's how the opposition should counter attack their status quo
This debate is simple wasting of viewers time. They never know that there are two classes of people in the society called middle & lower . They only know rich & super rich.
yep... wasted my time.. she has zero understanding of how the average person feels and is impacted by these taxes. she is living in her economics jargon ki duniya
The BJP Government doesn't care about the middle class and poor people . The Salaried employees already pays Income tax as per slab rate and whatever balance amount invested in Mutual fund/Stock market, we are imposed to pay STT tax, CST Charges, Sebi Charges, STCG Tax, LTCG Tax, Depository Charge and Brokerage. All these taxes are increased by this BJP Government every year. This imparts huge burden on private employees. Equity market was the only way to save some money and get inflation beating returns for the retirement benefits of private employees. Atleast Long term capital gain tax on equity investment should have been removed. This government is doing injustice to the tax payers .
28%GST on buying scooty and 5%GST for buying Helicopter
That's the taxation system of India😂
@rinkukuntal3116. Oho, she cares so much about us that she doesn't like us to drive a bike or car but a chopper..she cares so much🤦♂️😂😂
Apart from it, I m suspecting do they (leaders) become deaf while giving such kind of speeches..I wonder 🤔
Both are different things. You can't tax 20 percent on 50 crores but can tax that in 1 lakh. Btw two wheeler taxation is High, I agree and I want taxation on 4 wheeler to increase and two wheeler to go down.
That is FM no explonayion. Helivopter is prchased by rich.
Calculate the no of scooties and helicopters brought and the revenue govt got with such tax rates.
@@Chunchukiran obviously govt got more revenue from two wheelers. What's your point?
It's a crime for salaried person to earn more than 7.75 lakhs in india
...legally
Think of people earning 500 rupees/1000 rupees per day, we are supporting them indirectly 😂
Even earning with 7 lakhs is crime if you try to invest and earn more money for your future you will have to pay more LTCG,STCG and you want to invest or buy real estate then indexation benefits are removed
No, your statement is incomplete and becomes misleading. Please edit it to 'Its a crime to earn more than 7.75 lakhs as a salaried/clean person, otherwise you can earn lakhs and crores as a non salaried person and still pay 0 rupees as tax'
Being poor is the only option
I am paying 30% direct taxes and also indirect taxes. I am earning for 3 members of my family and i can't afford even a small maruti car. Why my money is paid for your incompetency and your bridges are falling frequently, your trains are derailing, colliding frequently. FM will playing for opposition and will lead to BJP fall.
Saar Saar, the Bihar bridges were built before 2014 when Manmohan Mohan Mouni Baba was PM and Tejaswi Yadav was PWD minister. Please do fact checking from LFC Zoobear Saar.
So are you saying you are paying 30% tax, meaning after all the tax slabs and rebates, you are still ending up paying 30% tax but no money to buy small car ? Something is not adding up, go look at tax slabs
@@nikhilpanikkarhow about the bridges in Gujarat? What about airport collapse like new terminal in Mp?
⁸Mantris, nokarshahi travel in business class by air by extortion of tax from middle class. Next time Akhilesh ko PM banayenge. Dusra galti nahi hoga mujhse
@@Nash_utube I'm on the same side..30 percent tax payer .single bread winner for the family .. struggling to runy family.. I was a bjp supporter till this election but not anymore. Its over.
Just remove her from the FM.The budget is killing middle class and lower middle class people. Justifying is not solution.😤😤😤😤😤
Y
Nah its benificial to middle and lower middle, its bad for people earning more that 7 or 8 lakhs per year
She says who is bhaktas so called middle class & they are just options so rude
So is there only they do everything according to ambani adani and not for middle class horrible
Maturity is when you realise she's just a puppet, main culprit is her boss
She didn't even contest 1 sear this election yet she was made the FM again.
But when someone points at her boss people get offended as someone has pinpointed their dad.
Taxation like USA
Services like Somalia 😢
Yemen
😂
USA gives lot of privileges and coverage for entrepreneurs
Copied from Open letter 😛
😂
It’s a waste of time hearing her version.. simply fooling people ..
Correct
She makes all the changes on Modani's instructions. Why blame her?
@@pardeeptandonthat is what incompetence is and she is responsible bcoz she is not refusing those idiots
Same...I stopped in between..
You're right 👍🏻 after she became FM there's huge inflation and taxation upto 35%. What kind of social inequality mindset does she have?
She thinks that the public are fools . She is going to be the main cause of BJPs defeat in the near future. What a disastrous anti mid class budget when the public is going through galloping inflation.
true
it wont, the bulk of the votes are people who are not impacted by the budget.
@@sidhant8520A lot of are impacted. BJP may loose next time.
@@sidhant8520bjp has already lost significant seats
Election ke time pe aap ye sab bhul jaoge emotion aap ke wo time pe bjp wapas Koi Lollipop de degi.😢
The CPI report revealed that inflation spiked to its highest level in more than two years, and that's bad news for both the economy and the stock market. but I don't know if stocks will quickly rebound for a few weeks, I am under pressure to sell my holdings or wait.
Perhaps seeking help from financial experts would be very helpful.
@@Angelavaldess Investing Is more than reading quarterly reports. Learnt this from Peter Lynch's book. they are people who do this for a living, and I just delegate the task to them. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from Peter Lynch's book. they are people who do this for a living, and I just delegate the task to them. That's how I make money from the market to be honest.
@@hullbruce This wouldn't be the first time i am getting the suggestions to use one, but finding a decent one has been challenging. Do you mind leaving some recommendations?
@@Jaymilnere I'm not one to give recommendations but The likes of Sharon Crump Cline does a good Job. I've been working with her for years. All the info. you need to set up an appointment is on her web page.
1:28 That's her logic. Middle class should not invest in future and options because they're middle class. But at the same time, they can pay 30% tax to the government along with 18% tax on the items they purchase.
Middle class should remain that way and any attempt to progress will be shunned by means of hefty TAXES. That's the Funda here.
on behalf of Salaried employees who cannot evade paying tax...
TDS axes 20% to 30% of their income. And with what is left, they have to pay 18% GST on everything they buy. So on a whole 48% of income is taken by the Government. Is this fair????
She is talking about the risk that Futures & Options carry. So, middle class should refrain or atleast limit their exposure in FnO
Exactly!
Why shouldn't middle class not invest in F&O?
I paid income tax uske baad bhai mera paisa meri marzi..
No wonder brain drain has increased significantly in this country..
I would have gone too if I wasn't serving in the army.
@@ashishthacker9783 who is she to lecture us where to put the money. When we make a loss. We eat the bullet. Government doesn't do anything shit for the traders. So why take away our profits
Don't fool people , please get out from finance minister position
take loan from govt banks and go for npa later buy electoral bonds then you will become a good
World Easiest job is Finance Minister of India and India name can be changed to Tax.
This interview is like one of my college teacher. He writes on board , reads it himself and erases it . Only he understood.
Doesn't care about the students in the class.
😂
bruh 🤣🤣
Correct 💯, maybe she should have mentioned how many middle class PPL invest in real estate for returns. Ideally a middle class salaried employee would have 1 house for living and at most 2nd home for rental / vacation purpose.
This budget is hard hitting for those who earn handsome amount and invest in properties for return. And they can be and need to be taxed.
@@AjayNavale-z2kno boss ppl sell house or another realestate for child education or any other family emergency too...u might be from rich that's y talking like this
Worse than that An English lecturer was there .He talks in low voice to himself and goes away As such in those days we were not well versed in English .He was taking poetry !!!
She is not answering for the media's question.HER REPLY IS IRRELEVANT.....
World Easiest job is Finance Minister of India
Why dont you rationalise it? Then charge flat 10% income tax to 100% of the population rather than screwing up the 2.5% who work their ass off!
Bhai hindi mein slang hai, inhone maarli of those who work their ass off!
Thanks for saying this goshh all these years and still no one one wants to talk about this
they know at the end of the day we will normalize it and move on to other things ...they want to putting it to limit how middle class can take it and decrease it little bit when riot occurs
Rebdi khane valo se tax ki umeed nhi kr skte
Absolutely 💯
First time media asking logical question and behaving like real media😂
Yes true
unko khud ve tax dena padhega na isiliye
fr warna media party ke piche ghumta rehta
@@animalrecapped 😂😂😂😂😂😂
U r watching news first time
She is so so arrogant.. I have seen multiple past conferences as well its always the same. Just makes a mockery of others and thinks she is holier than thou. If you tax at so many levels then give something in return.
The only thing this government has done is in infrastructure and that too by collecting tolls. Its next to impossible to travel without paying toll. We pay road tax, fuel tax, income tax and then still pay toll tax.
A lot of Infrastructure is due to initiatives of Nitin Gadkari ji , Nirmala has no role in it..
@@iam1264so u are also another disaster trying to make things complicated as if 😢
Those who comment against FM remember that we have a quite economic life unlike many other nations s
Someone has to pay for freebies to farmers ,unemployed ,rations for poor etc. can't be corporates for fear of growth rate decrease , so has to be 2% tax paying non voting population.
She is not elected by the people of india but by the members of parliament. She doesn't need to have the fear of whether she would be elected by people for next time. So she need not worry about the people. She maybe legally right but morally enjoying this supreme power and doing injustice for Indian citizens that too middle class is wrong
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
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This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
We need a petition to remove her form the finance minister post! 🖐
Then start it yourself
Then start it yourself
You think it's her decision? Modi must be brought down!
Correct 💯
I also with you
When FM is talking about equality, why have you not raised the corporate taxes? why only penalize the middle class. The answers given by FM are nowhere linked to the question asked.
Because corporates generate employment. Not middle class.
@@nikhilpanikkarBhai sarkar aapki leta hai aur aap khusi khusi dete ho😊
@@nikhilpanikkar corporate generate employment and the employees are middle class whoes pockets government is emptying no corporate can be profitable without the middle class who work 10 hours a day
For paltry amount
Well, increasing corporate tax is just equal to increasing personal taxes. Because if companies make less money it will negatively impact jobs and salaries of all employees. So that's not at all a good idea. In fact I would say it should be further decreased. The only solution to reduce tax burden from salaried class is to increase the tax net from current 2 crore people to at least 30-35 crore people. And yes STOP freebie nonsense.
@@nikhilpanikkarThen what was doing government?Is it Sleeping government? Don't have any responsibility generate employment??
Nirmal Sitaraman has shown the middle finger to the middle class people.
Next election janta will use their voting finger
🎉🎉🎉🎉🎉🎉🎉
The new budget is actually great for the middle class. They have increased the income tax slabs by a lot.
First of all, I hope you know that you are paying 15% tax for only dor the income which is between 10-12 lakhs, which is at most 2 lakhs for this slab.
So 15% of 2 lakhs, which is roughly ₹30k
10% income tax for your income which is better 7 lakh and 10 lakh. Which is 3 lakhs.
10% of 3 lakhs is another 30K.
5% tax on your income which is between 3 and 7 lakhs (7-3 lakh, is 4 lakhs)
5% of 4 lakhs is 20K.
For your rest of the income which is below 3 lakhs you don't need to pay any taxes.
Mind you this is without applying standard deduction of 1.25 lakhs. If you apply that than you might even skip a whole income tax slab.
So at most the income tax that you'll pay if you are earning between 10 lakhs and 12 lakhs is 80K, and this is assuming you don't apply a standard deduction of 1.25 lakhs to your income. You are actually paying very less income tax compared to previous years, and certainly not 15% of your income as income tax.
I have seen many people online here who don't even understand the concept of income tax slab and fall prey to all the media propaganda bullshit. I sincerely hope you are not one of them.
If you are actually earning more than 12 lakhs, then you are not even a middle class person. It's considered as a legit lower end of High class in India. In which case, you will be taxed higher (but not too much). The 30% income tax is only for the slab of income which is higher than 20 lakhs. Say you earn 22 lakhs, then you will only be paying 30% income tax on the income which is higher than 20 lakhs (which is 2 lakhs, 22 lakhs -20 lakhs).
@@arahul4045IT cell bot
explain.. is F&O for middle class.. bhos.. just for blah blah you bhoking here
he : hi, what is your name.
she : i am from india.😝😝
She is not even deserved to be a leader .... shameless women spoiled entire India's middle class family hopes ..
She is tax minister
@@atmakurpradeep She is bloo dsucking minister.
True bro,
I agree with you
Nirmala sitharaman acts like a super efficient woman though in reality she is a good for nothing, completely dumb person who knows nothing about finance..Her arrogance and pride come from her ignorance and she is on her way to her downfall like what happened to cylindrella aunty..The only talent nirmala got to help her chair that position is her ability to please and licking boots of modi and amit shah..
I voted for bjp. You are not doing anything great other than taxing. I regret supporting bjp. I pay direct tax around 15%. And lots of inderect tax including for my savings investment. Here after paying so much tax we don't depend on government hospitals, government schools, house rent and grocery expenses increasing every year. Not bringing GST for petrol diesel and blame GST council for this alone. I planned to get a loan to get a house and then the state and central charge around 11% and again additional charges from bank so dropped the plan itself. A credit card emi interest has GST. All many small small things you tax. She really doesn't know what a middle class is going through.
now you come to this conclusion , very pathetic and late and will be fooled by anyone so easily 😂
Fyi srinivas, Even Congress wont do anything. It would be considerably worse. To keep supporting their Freebie schemes. Govts should try to bring more people into tax purview. All local street vendors
They have actually reduced taxes for the middle class by increasing the tax slabs. Do your own research and think before falling for the propaganda and media narrative.
The real estate indexation is only a problem for real estate tycoons who earn crores from real estate, not for a middle class person with less than 8-10 lakh salary per year. They hardly need to pay any income tax.
Exactly srinivas...same opinion
Consequences of voting BJP..
Thank you Nirmala Ji, finally I have a genuine reason to leave INDIA forever.
Please stay in Bharat. Honorable Modi ji will make Bharat Vishwa Guru in another 10 years.
@@Stallion_1044 Nirmal Tai will doom modi for sure
At least Rich people have that , Hm middle class ho ye bhi nai kr skte 😊
Dubai & Singapore is only the Heaven
You are fortunate but not every indians has such ability or luck
How can she treat all the asset classes similar.
Nobody buys shares for 20-30 years and then sells them. But in real estate it's common. Mostly in middleclass.
People invest in real estate for the long term. Then they should get the benefit of indexation.
Removing indexation means you think 20 lakhs in 2001 has the same value in 2024.
What an absolute bull shit.
We vote for mosquitos and then cry when they suck our blood
More or less all are mosquitoes.
@@tanmoykes9497exactly be it bjp or congress
@@tanmoykes9497 all r not mosquitoes. Before there was no capital gain tax untill 2018, Arun Jaitley started.
Only illiterate vote for bjp. We never vote them
True 👍👍👍👍
She is making sure bjp will not be in power for next several decades
At least BJP will not be in power in the 2029 ... 😢😢😢
Don't blame her, she is just Modi's servant....Modi is the key decision maker. He hasn't said a word on budget till now....whatever happened to his tongue, till last yr he did so many "mann ki baat" episodes😅
Nirmala Sitaram single-handedly destroys the future of BJP in India. I was a hard-core supporter for the BJP. But now, I am in doubt whether supporting the BJP is the right thing to do.
💯 fact
let's support Mamta didi, she is famous for freebies and bangladesi.😂
we are just 2% :) There is no use complaining
Still in doubt 😂
Exactly sir...several bjp supporters like me now facing their actual dictatism...😢
Ma’am as a middle class person I have been paying taxes honestly however when I education for my kid I have to go to private schools, similar situation for colleges, for medical we are forced to go to private again. I need not talk about cleanliness, hygiene and infrastructure which is being improved for ever but it’s far behind the what we need. It’s monsoons and with just 30 minutes of rain the city’s roads get choked and again it’s the middle class which has to keep patiently waiting for hours in traffic jams. I go on and on when it comes to quality of life in India. I would like to know when will I start getting services commensurate to the taxes the I pay? If my govt can’t deliver on these expectations then you better reduce taxes.
Question: about Mango
Answer : about watermelon 😂
Question : Mango
Answer :" Tang"
She is always the same
They don't know how to ask questions too. When asked for examples they have first asked about futures and options. Arey bhai short term chodo long term tax hai. Banda mfs mai saalao ikatta karke atlast ghar ya gaadhi ke liye downpayment dena ka ready hai aur suddenly tax bada diya
BJP needs to go now, we showed patience for 2 terms and they have absolutely made a mockery of middle class. This time be it Pappu, if we go down lets take everyone with us.😂
No question about mangoes and answer is about bull sh$&# 🤣.
No justification for blatantly anti middle class budget, you will be responsible for driving away the middle class from the BJP
We are already driven away from bjp
I second this phrase. Anti Middle Class BJP ... 😢😢😢😢😢😢😢😢😢😢😢
She is Rude and incompetent as Finance Minister, she is the worst Finance minister India ever had.
She is tax minister
Sadly
Due to her India is going to pledge gold to get loan
Modi had a chance to get rid of FM when NS didn't contest the Lok sabha never to late high time
Nirmala sitharaman acts like a super efficient woman though in reality she is a good for nothing, completely dumb person who knows nothing about finance..Her arrogance and pride come from her ignorance and she is on her way to her downfall like what happened to cylindrella aunty..The only talent nirmala got to help her chair that position is her ability to please and licking boots of modi and amit shah..
Being a “So called middle class” i pay 50Lakhs tax per year where I didn’t even study and develop my skills from a govt run educational institution. But I do care of the country’s development which is why I am a dedicated tax payer over years. But this system of simplification totally removed options like 80c, home loan exemption etc of saving taxes. Talk about simplification, then take 30% from my salary and that should be it right? why are you taking taxes from the remaining money I have saved in forms of gst, tax on loans, tax on bank interests etc? That I have earned some money utilising my own skills and my hard work and that I am spending that money to buy some happiness for me and my family like a car or a house or any electrical appliances my mistake? why should I or anyone for that matter give shares from those expenses as well?
50lacks per year tax... then ur earning in cores... lol.. what are u even saying... ? This is not a conversation for u... this affects the Middle class....not rich people like u.....
We all trusted BJP but they are not trustworthy..
Now BJP will RIP forever..
Truee
nothing happened after demonetization, covid and more.
people forget.
True hoped there would be change, but they are making things worse for common people
Then go and trust congress
I guess u r thinking congress will remove tax or what ?
they will give freebies and more tax will be collected from tax payers
😂😂😂😂trusted bjpeeeee damn
She cleverly dodges the direct questions thinking that public are fools. Dear FM. Middle class are well educated to understand your gimmicks. F&O is not for middle class?? If you meant that F&O is for rich, then increase the corporate tax and ultra rich.
Sad to see that we have such FM who manipulates the statements to her convenience.
Why don't you tax rich farmers? Why don't you widen your tax net so that all the income tax burden on 2% population is reduced?
BCCI also not giving any tax
@@dm5665Amit shah beta is in charge. Puppet FM will not touch BCCI😂
@@Stallion_1044 it was same when Sarad Pawar heading the BCCI. No political parties will touch BCCI.
Yes rich farmers, bcci etc all should be taxed
Absolutely 💯
Madam Finance Minister, as a salaried tax paying citizen of this country please tell my why should I pay tax in order to support the inefficiencies of the government? The health sector is in shambles, the roads are worst than ditches, clean drinking water is non existent as a result of which we have to buy bottled drinking water and again pay more tax on the same, trains are never on time and even travelling in a AC2 is a nightmare. The least said about railway safety the better. And the list could go on and on and on. So when we do not get anything in return, please tell my why should I vote for you? You are just as good as the other political parties. Hence I have decided that henceforth I shall be voting for NOTA.
on behalf of Salaried employees who cannot evade paying tax...
TDS axes 20% to 30% of their income. And with what is left, they have to pay 18% GST on everything they buy. So on a whole 48% of income is taken by the Government. Is this fair????
voting for nota will do nothing even if 99% votes for the nota the 1% will decide the victor you need to find good candidates to vote for maybe a new party even if they will eventually become corrupt too atleast the first few years will bring some light into our lives
Totally agree. U resonate the honest tax payers. In the next few centuries, no politician is going to do good. POLITICS IS THE LAST REFUGE OF SCOUNDRELS
Bhai yeh tune zyada bak Diya
Roads are better than ever in India's history.
Many AC2 trains are very good.
Thoda sahi sahi lagao
Baaki wherever you vote won't make any difference. It's the lower class which is the votebank
Exactly. They are also forcing people to shift away from old regime by making it really harsh. 20% bracket straight after 5%, this govt is so crooked
I’m working in private sector. Paying 30% of my income to government. I have no pension when I retire. Using my money government is providing home to homeless. But, when I want to take a loan, they could have exempted me from paying tax until I clear my loan.
This lady doesn’t understand the issues of middle-class. She claims to be from middle class. She’s getting all retirement benefits of Ex MPs.
Started Feeling sorry for supporting this government. I agree that Khangress will bring injustice to Hindus. But this government is continuing the injustice to Private salaried employees. All this promises were fake
Me too
Well said..I was previously supported now I am against this government policy.This lady is sitting in BJP CUSHION Waste of time to talk about this lady..even her husband is not supporting BJP..
What injustice congress done for Hindus brother
Hindu khatre mein hai. Aur tax pay karo
But we don't have any political party other than congress and BJP 😢😢 who can we look up to? It's high time we need a new and young political party emerging from gen Z and understand the problems of all kinds of sufferers. We need a real chanakya now
The 1% middle class contributing 19% of the government revenue. Indirect taxes by that 1% is not even accountable.
yes
You show middle finger to middle class we will also show you middle finger in mid election 🗳️
Her ego is bigger than burj khalifa.
She is tax minister
Dumb minister
It's the attitude of every bjp minister, Smriti Irani an example 😮
😂
😂😂😂
Simplifying doesn't mean an extra tax burden on the middle class
As a tax accountant, if I think, there are two things to this, one is simplifying taxes, other is increasing the tax burden, in the name of simplifying taxes one cannot increase tax burden, or say yes we have increased the tax burden but it is more simpler now. Neither the Secretaries nor the FM is able to articulate this, hence, the natural outcry from the taxpayers...
They know it very well that they have touched the snake's tail. Now they are just trying to defend their actions which is totally undefendable.😂😂😂 Hagg denge agle election me😂
@@religionofpeace782Until Modi and shah realizes that nimu aunty is not good for bjp
No point she is too arrogant to hear someone else’s argument! She will put us to a point where you STOP buying everything!
1:29 such a shameless rude lady... Yesss, Futures and Options are for the middle class...
Main question. Who is she to decide? We have earned by our hard work, paid our taxes, and now will put the remaining wherever we want. Or is nirmala sitharam going to decide for adults that this is good and that is bad? No materr how much the country changes, socialist scum still manage to get themselves elected
She is only tax minister not finance minister
Easiest job in the world is Finance Minister of India
I didn't open this video. Bcoz I know nothing fruitful will be there. I just came here to comment that India need a genuine party in majority who appoint competent Ministers. They should know the importance of hard earned money of citizen of india who pay very high illogical tax & support middle class to grow.
If u vote for bjp for TEMPLES..then don't crib.
@@amrapali-gs3co
I am happy to pay a little extra for the security of my family and religion.
Gandhi's will make you pay even more and still sell off your liberties to the minority.
They are experts in the formula of
Divide the majority, please the minority and rule the country
And expertly using social media to achieve it
Good I’m wasting my time she needs to go
Forget about everything, I am happy paying tax but where are the benefits that i should get in return.
What kind of a stupid economist says the difference between 0.0125 and 0.2 is very less!!
An idiot one. That's 37.5% raise in tax.
If it’s less then why you’re increasing 😅
Her math s poor than a kindergardenn
It's actually 0.02
The one and only : NSR! 😂
No logic to justify the increase in taxation. Who is she to decide if middle class should invest in futures and options, what a foolish argument.
You are her about A
She will answer about Y via Z
sahi to bol rahi hey agara tum futures option kar rhe to tum clearly middle class nahi
mahne ke 2 lakh ka a ke agara khud ko middle class bologe to yahi hoga
koi bmw kharod ke bolega middle class kyu nhi kharid sakta to kese hoga
Voh toh aise bhi bolegi kal uthke k gold middle class buy nahi karta sirf rich log hi kar sakte hai ,matlab ghar mein thoda thoda karke log bachate hai naa ki ek jhatke mein amir,
Ltcg jiske pass 1_2ghar ho unpe tax kyu lagana ,jabki logo k pass bunglows aur sab hai unpe tax maro
Till 7.75 lakhs there is no tax...
75k is standard deduction...
Rebate under 87a is 25k..
So till 7.75 lakh no tax... Then why people are crying so much...
Apart from capital gain which is just 2.5percent increase from 10 percent..
tell me wt made u upset about budget apart from capital gain tax?
@@shindeviraj tamatar garib log nai kha sakte sirf amir log hi kha sakte hai aise bolegi
By watching and listening to these statements, Congress may form government in the next term
That's the nightmare I am fearing more than that actual budget itself.
😂 this budget is for only 1 year brother not for entire 5 don't be very extended about upcoming elections abhi bahut time hai bahut kuch hone wala hai ! Early celebration is bad for you.....
@@shettydinesh9113 bro just to remind you this govt can fall any moment of time.. dnt keep too much trust on Mr Nitish kumar or Sir Naidu.
Indeed
Politics isn't my cup of tea but from last 10 years I used to support Modi govt but this budget offset me more. This govt is looting common man in the name of tax. If i earn they took the tax, if i spend they took the tax if i invest they took tax. Interest rate in savings scheme going down and tax from return is high. A good govt should increase interest on savings and bring down tax in salary, expenditure and return earned from savings and investment. Will pray 🙏 to God this govt won't come again.
Did you guys notice her tone?? She literally saying that F&O(Future and Opportunities) are NOT for middle class people and they can't/don't deserve as it has risks. If that's the case why middle class need to give 30% tax to govt when they can't do something favorable for middle class. Senseless FM. Now I feel very regretful for voting BJP. She single handedly has the potential to ruin BJP career as well as ours🚮
Middle class and so called middle class are different.
FUTURE AND OPTIONS NOT OPPORTUNITIES??? BREH many middle class citizens having tried it and failed miserably in that usko satta ke tarah jua ke tarah middle class is doing...stocks and real estate mei bubble create horaha h and thats why middle class has to be discouraged on doing such things when they obv cant take risks related to money
@@whysoserious1193Let them decide how to earn, it's their choice
@@VijayVerma-pt3cf the world doesnt work like that because due to all this a bubble is being formed in the stock market which is followed by crashing of the market and i think there are n numbers of examples for consequences when the market has crashed which will be bad for you and me as prices of goods will be increased and people wud lose their jobs as well.
today a stupid guy from FM team was saying more than 1 year is investment hence any thing under a year is speculation. Stupid - Morons.
Nowhere has FM even remotely replied. Very Foolish.
This budget was criminal.
She is tax minister
She is not Finance Minister she is the Tax Minister and the Onion Minister
Now halwa minister too
The main reason she did not contested in elections is because she is much aware of the fact that she doesn't even get deposite. There is no mercy for for middle class person who recently started earning. She thinks that everyone earning more than 10Lak is a rich person and puts tax both source and expenses. Such a shameless behaviour in public meetings as well. Waste of time to think about tax relief for midclass in her tenure as FM.
Very disappointing to see FM doesn't seem to understand the pain of honest tax paying citizens and want to keep taxing more and more. I think this is going to be the end for BJP
Iam confused . Upto 70k per month there is no tax . What is it we are paying tax
@@jayakishore565Really 😢😢. Under the old tax regime accounting for various exemptions and deductions availed in entirety, you will not be liable to pay tax even while earning Rs. 10,00,000/- per annum.
While under the New tax regime without any exemptions, there was a tax break provided at Rs 7,50,000/- which has now been enhanced to a paltry Rs. 7,75,000/-.
The old tax regime accounted for HRA which constitute 20-25% of your salary, while the new tax regime even disallows that and compute gross salary in its entirety.
So where do you think your Modi Govt offered any tax concession in the first place?? LoL 😂😂😂😂 Even savings bank interest and interest on refunds are not being spared by this stingy Govt.
The income tax exemption limit under the old tax regime was Rs 2,50,000/- in 2014. This has stagnated for the past 10 years even without taking into account run away general inflation and wage inflation.
So what are you really talking about?? What is more disconcerting is that a committee has been constituted to review the old tax regime and it would be disbanded permanently consequently resulting in more tax liabilities and disincentivising savings completely.
And even more annoying is sympathisers of this Govt., feigning nothing happened. 😂😂😂😂😂
@@jayakishore565lo bikhari agayr
@RIP_Annamalai dude Iam not even bjp fan . I nvr voted for bjp. Why are u guys scolding instead of discussing
@@MoHz-rx5my dude instead of discussing why u guys use wrong words . You can discuss with civil na
doesn't matter in whatever way she tries to justify.... this is unreasonable.
Middle class has always been in bjp's support but they dont seem to support middle class. There will be consequences.
Govt role is good governance and not manipulate people's decisions.
2.2% of the population even pays income tax lol, the real voters are someone else not you.
salaried middle class getting punishment for electing BJP
They donot even support their own journalists n patriot media. How can we think of that #Betrayal_Janatha_Party would take care of tax payers
Aunty gets angry at every question 😂
Because she has no appropriate answers.
“What what !!! “
Yes she a thief minister
She is the sleeping partner 😂
Aunty is wrong word
WITCHY GRANNY is the correct word.
Luckily she is tamil telgu sanskrit hindi hybrid.
She stays in bangalore as usual don't know kannada 😂. We are very happy she didn't pollute my language even she is karnataka rajyasabha mp
She always used to do that
She says F&O is not for middle class.....ok , but what about Long term capital gains? If in India investment in Stocks for more than a year which almost every small investor is doing...then i don't think its a good strategy to increase capital gains tax...... Everybody knows that in India approx 6-8 % people invests in share market , after that also they are increasing taxes ?
Let's forget stock market, what about indexation for real estate? In India real estate has been one of the major investment area where almost everybody is invested somehow or want to invest.....why you removed indexation from real estate?
If this goes on like this then in future FDI (Foreign Direct Investors) will never invest in India and our country will remain poor as before
She is too arrogant and blind. BJP will pay high price for this
You think on her own everything is happening.
No she is just a speaker but voice is coming from somewhere else.
@@purnachandra6986thats right
@@purnachandra6986 Yes. It is basically Modi is speaking. Modi does not give a fuck about anyone else except himself ... 😢😢😢😢😢😢😢
Nothing will happen. When elections will come, the Bhakts will again start rattling and people will forget!
Not only Blind and also dumb and mentally ill. People will forget all this at the time of election.
Finance Minister thinks that she just made small changes this time. She won't even realize that over the last 10 years, BJP is killing middle class slowly. They are putting taxes on all the ways which allows middle class to save a bit for his family. Here are a few actions from Modi Govt. Reduced benefit for interest on Housing loan, Life Insurance is taxable now, Dividend earned in taxable by payee earlier companies have to bear it, second house is luxury now, reduced corporate taxes and added more to middle class for compensation, above all interest received from Income Tax dept is now part of your income. Height of blood sucking. It's only a small part of a huge list.
There is no justification for increased taxes. Simplifying taxing doesn't justify the extra burden. If you wanted to simplify add indexation on all LTCG gains.
Taxes increased?? But my CA says they got reduced.. Only LTCG tax increased right?
@@phanirajsrinivasch8108 Ig you don't have LTCG or STCG then for you it reduced by 20k
exactly my argument. How does changing tax slabs again in New Tax Regime is a Simplification?
U need to change ur CA .. new tax regime saw some minor benifits but look at bigger picture.. old tax regime got nothing.. removal of indexation.. increased ltcg stcg on everything ie:gold/property(everything).. increased tax/service charges everything u do in stock market investment @@phanirajsrinivasch8108
good one!
If one day BJP loses in election, Nirmala will be a reason.
Person earning 10 crores per annum will pay 30% tax… and person earning 16 L per annum too will pay 30% tax….
Waah didi waah..!!!!
It will be around 37% for more than 2 cr
@@ayushkhandelwal1991yeah
10cr needs to pay 44% tax - 30 % + 10% surcharge + 4 % educational cess
Do you know a term called surcharge ?
She is saying revenue neutral. How can it stay revenue neutral, if your tax brackets are not adjusted for inflation?
The tax slabs remained same for around 10 years now. So basically increased revenue for the GOVT, and declining revenue for the middle class.
Reporter:-what is Alphabet?
FM:-I ate Apple every morning🤡
Seriously.. Answering so irrelevantly
@@dr.seemagupta1360 😢
The way she talks about middle class investment in F&O speaks enough about how unemphatic this govt. is for middle class. What about LTCG on stocks and MFs? Is that also something which middle class shouldnt do? "So called middle class" just sounds so damn rude! You increase taxes but provide no benefits to the taxpayer like it is done in the developed countries? Where is the pension, social security, healthcare facilities that taxpayers get in other countries? Unemployment and inflation are at peak, pathetic infrastructure with bridges collapsing, roads caving in, dirt everywhere. Where is the money collected from tax collection going?
It's going to the most corrupt state Bihar from where more black money can be accumulated in the name of development.
@@supriyasuvarna4700 True..the state allocation is just to please the coalition. Tax rebates are also just an eyewash. Unfortunately, middle class pays the highest taxes, but, when it comes to the vote share, it is a minority.
@@supriyasuvarna4700 Aap kaha se ho.. ?
If you earning through share market or mutual fund you need to pay high tax as simple as that.. More than 85% of population India dont know about LTCG.. n also due to recent increase of money flow in share market it will create imbalance.. India me banks bhi hai yaha FD , savings account etc me paisa kon dalega.. and also share market maximum log ko loss hi hota hai..
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.
I've seen cases where investors overlooked tax planning, only to face unexpected tax burdens that eroded their portfolio returns. It's definitely something worth paying attention to and incorporating into your overall investment strategy.
Plus, tax-efficient investing can contribute to long-term wealth accumulation. That is why i have an experienced licensed tax advisor who has been guiding me for 19 years now
Very wise. Taking proactive steps to optimize tax efficiency can lead to greater wealth preservation. Who is your advisor?
If you can't convince them, confuse them. 😂
Right
U are absolutely right 🎉😅😂
When the PM said "GHAR ME GHUSKE MAARENGE", perhaps he was referring to the middle-class of India and not the enemy countries. So it's important for the citizens to understand the hidden meanings of the PM's statements.
Completely right
Not the perhaps .....he said it will be
Paying taxes isn't painful, but paying taxes and still living with broken infrastructure really hurts.
That's so right.
❤❤❤
So accurate..... bihar bridge, Mumbai potholes and in Delhi upsc aspirants dying.... cannot be justified...abhi toh health care and education ki toh hum baat b nahi kar rahe hai...
chutaki bajate hi sab theek nahi hojata..rich already paying 30-40 tax stop crying that's why most of them leaving..middle class and rich are carrying most of the weight of our nation..what other options do we have..there is huge spending on infrastructure, Defense,services etc..pls bear with it a little bit more my countrymen.. after all we r same people who collapsed Atal ji's government over onion prices and later regretted it..don't do the same..
@@princechaturvedi3128 so tell me what's about neet ,net exam also other exams like UPSC??
This lady is so insensitive. How can someone like this be our finance minister??
This is what happens when one person rules for too long......
Worst fm without any sympathy for the taxpayers. Taxes and inflation are going through roof. Tax on salary, tax on spendings and tax on savings. Every budget they keep in increasing taxes. This govt is living in eco chamber and lost touch with common man.
really.. kute.. bhok bhok ..
@@skdangi tax on PF too ..Soon she will introduce Gutter cess for cleaning your gutters, natural calamity cess so that the mountains don't fall,.extreme weather cess, monsoon cess, babaji cess to support Baba's , protest cess to support the protestors
You forgot that since you were born the cradle in which you were born till your antim sanskar fucking everything is taxed ... 😢
you forgot tax on tax 😢... surcharge...
Why politician is not paying any tax ? Shameful act .
Okay okay stop your nonsense. The questions you are asking and the arrogant reply from this old lady is a big non sense and heart rate increasing discussions.
After paying 30% income tax , why I have to pay GST for purchasing goods.
Agreed those who pay taxes they must be reimbursed with that much amount as much as there tax is paid and after thaat amount must be taken from them as form of tax in gst
And on top of indirect taxes why do I still have to pay bribes in the police station or any other govt offices? 😢
Yes bro😢
politicians are surviving on tax money. you don't know that?
Bring indexation to every assest class that is correct and simplified as well
Why should every asset class have similar taxation rate when the returns and risk level of every asset class is different ?
Wonderful question 🎉
Our best FM answers it simplification & Rationalisation
Also why stcg is increased to 20 and not 12.5?
Great question
@@nickelvikky9707 Why not completely simplify it just take away all the money and then there the tax payers wouldn't even have to spend 1sec to calculate how much they have to pay. India will get get the title of the easiest to understand tax system globally
If i tell my school teacher, she punished me but not my friend, she'll throw me outta class..
I cant question the police, why i alone was charged for Helmet, when so many just passed without punishment!!
Somehow our grownup, mature, OLD politicians always get to justify crime by quoting the crimes of predecessors .. all North, South, East, West, Dravidian, Aryan , Hindu, Muslim, Kuki, Jat - no discrimination ONLY in this?!
There's a reason why she didn't fight lok sabha elections.
Yes otherwise people would have shown her the true face
She has video of modi ji 😂
And she gave a ridiculous reason for not contesting elections- She said she has no money to contest election. No funds available.
She knows she will lose. That's why 😂😂😂
Manmohan came through which way? No sonia came through which way?
"so called middle class." as a middle class im eagerly waiting for election to reply this lady
As i earn 15L and pay 30% tax already and again i have to pay tax for each and everything i buy... then how can i pay for hospitals and for my kids education... you are not even providing healthcare and education as like other countries when they pay good tax.. then where was all our money???? How do all politicians are so rich... frok whose money Modi is wearing all expensive dresses... just a shit government in India.. young guys better go out of country and live a good life. Even though you pay tax there they will provide a good environment for sure...
It’s not BJP or Modi’s fault. The tax system has been rotten since ages. The politicians have always been incompetent since the last 4-5 decades. They don’t give any benefits to the people
How you pay 30% on 15L income? 😂😂😂
@@ajraol903211 year BJP rule. It’s still fault of Nehru in 1000 BC?
@@ajraol9032shut up what did Modi do in last 10 years
are you a middle class? Highly unjustifiable,
If such budgets will be placed, the all the good work done by other ministers will be washed out. We are sorry to say this.
Risky asset cannot be equal to other asset classes, how can all the asset classes equal? Are we fools?
Excatly, She is dam stupid every assets has its own behavior , she is trying to manipulate and justify it.
FM is fool
Why don't you find a way to bring 93% people into tax bracket instead of going after 7% or 2% who pay tax.. and please give sensible arguments FM
She doesn't have an answer
If you have an answer please write it. Finance isn't so easy for a family. Let alone the Nation. Well its fine to disagree with negatives of the budget but at least at the same time, appreciate the positives of the budget na
@@chaitanyasabharwal72003 only for corporates, celebrities, BCCI, millionaires, doctors,
If you will ask this question to the honorable FM, then your demat, savings, current accounts will be blocked by the government and INCOME TAX DEPARTMENT, ED ENFORCEMENT DIRECTORET will raid on you and if you are not linked with the black money, then also you will jailed for the black money allegations
@@chaitanyasabharwal72003you need answer try investing more on education and skill training, also support more startups and manufacturing rather than making 6 lane stupid highways
She wants to say that the middle class should not take risks. Put your money in a savings account and get a 3% annual return where inflation is above 6%. LOL. She didn't even reply to our Ex-Finance minister.
Matlb agar koi gareeb hai vo dr nhi ban skta 😂
Looting is so much that they are going to lose because of this
Voter of BJP SINCE 2014 TILL 23/07/2024.BYE BYE TATA KHATAM 🎆🎆🎆🎆🎇🔥
Same with me
Yeah it's not even Congress & INDIA bloc suddenly becoming a better party overnight, BJP is shooting themselves in the leg starting off their 3rd term with NTA/NEET issue and now this
Futl Le. Noone cares. Focus on caste census.
Look at her arrogance. Would she be kind enough to also let us middle class know what we are getting in return. What is the sin we have done to pay every kind of tax and get absolutely nothing in return. Will the quality of government services go up if we pay higher tax?? Or this will fund other dozens of bridges that can fall any day on our heads?
@@jedediahjehoshaphatTata tata bye bye🆗️😁😁😁
She is helping the opposition gain votes. Rahul Gandhi should be grateful to Onion Minister ji!
Sad.....
Due to this....
Hindus are going the wrong way and will become the reason for their own destruction
1:28 .... so do you dare to put a restriction .. saying that .. those who have a income of above middle class should invest in futures and options .......... make this happen ... see what will happen to stock market........ middle class life became a joke now a days .... every year they are making changes to tax rate .. then why they maintaining same limits in deduction sections .. for past 10 years?
If someone complains of efforts to wash clothes ask him to not wear clothes. This is how simplification works for our FM.
Extremely disappointing. Leave my salary with me, so that when I go for my child's higher education, I don't have to go for loan and pay interest, when I wish to build a small house for myself, I can do it without borrowed money from bank and paying huge emis. What a vicious circle? The middle class has been reduced to the status of beggars, work hard like donkeys, earn a little and pay taxes, buy a little and pay taxes, save a little and pay taxes. And then for bigger expenses, borrow money from banks and pay emis. Very sorry state of affairs, a semi totalitarian state
Govt should tax high income farmers now. Its high time.
I had been a BJP voter as well. But I think its high time the middle class taxpayers unite . 2% of the population is paying very high taxes and take the burden of the entire population. The solution is not to impose further taxes on the same 2% but bring more people within the tax bracket and distribute tax liability. Why does a person with 15L income taking care of his family need to pay 30% tax and a person with 1cr agricultural income pay no tax ? Why with purchasing power of rupee decreasing by almost 50% in 10 years (basic commodities costs double within 10 years),the tax brackets are not adjusted accordingly? Why punish the hardworkers who invested their life trying to skill up , earn for their family and want to make an honest living ?
Keep voting for bjpee
Pay taxes
Unite for what congress will tax middle class more and sam will say hua to hua
@amrapali-gs3co As if you don't pay taxes under cong😂 ..Hypocrite
I am a modi hater, yes your points are valid but I want to tell you, do you will vote for congress who will also do the same thing by taxing middle class and distrubute freebies to run government, in this case all government are equal.
@@anandms7537yaa you are right thats y im thing why to waste our precious time for electing these idiots nxt time i will going to enjoy my holiday
BJP lost lost....................looting money
they already know that this is going to their last 5 year , so they are looting more now
Haha congress scams got money
@@foodnetwork4309 50 rs from BJP IT cell
@RIP_Annamalai haha I can understand your problem ...kindly consult a psychologist for your anger issues ......Just because you hate modi facts are facts , congress and your support dmk party are the most corrupt ...Thieves calling other people thieve is the biggest hypocrisy
@RIP_Annamalai Consult a psychiatrist for your anger issues ....You want to name call and abuse everybody ..Facts are facts , congress and dmk looted india the most
Well, I am still not able to get the concrete answer on why the indexation is moved? She directly jumped into GST topic. In GST, what's the rationalization of petrol/ Diesel is still not covered?
Govt if deciding on rationalizing the tax reforms then do it at the benefit if citizen by redirecting to invest more rather than taxing & looting middle class.
Pls invite Mr Raghav Chaddha for this interview. All his points put forth in parliament are spot on. I am quite impressed & and that's how the opposition should counter attack their status quo
I think it's high time to either change FM or we middle class have to change the govt..
This debate is simple wasting of viewers time. They never know that there are two classes of people in the society called middle & lower . They only know rich & super rich.
Whoever watched this video wasted 7 f**ing minutes of their life
Every Indian's life is wasted living here
i am about to watch... ☠☠
yep... wasted my time.. she has zero understanding of how the average person feels and is impacted by these taxes.
she is living in her economics jargon ki duniya
thank you i can conform after 2 minute shes so arrogant
This video is for godi media to spread a narrative. Nirmala will only alienate BJP voters further from BJP.
The BJP Government doesn't care about the middle class and poor people .
The Salaried employees already pays Income tax as per slab rate and whatever balance amount invested in Mutual fund/Stock market, we are imposed to pay STT tax, CST Charges, Sebi Charges, STCG Tax, LTCG Tax, Depository Charge and Brokerage. All these taxes are increased by this BJP Government every year. This imparts huge burden on private employees. Equity market was the only way to save some money and get inflation beating returns for the retirement benefits of private employees.
Atleast Long term capital gain tax on equity investment should have been removed.
This government is doing injustice to the tax payers .
Right
I was shocked to find Rs 3,000 as GST on rent of Bank locker.