Key Features of Indian Budget: July 2024 - Page 6

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Sutapasima thumbnail
Posted: 1 years ago
#51

*Why do Indians resist paying taxes ?*

_Interesting thoughts on why Indian resist paying taxes, in an open letter to the Hon'ble Prime Minister_.


_Dear Modiji,_

_This is what we honest citizens feel about our Governments - Central and State.._.

_On behalf of professionals & businessmen, I am sending you some facts .._

_Please try to unnderstand_.

_We are not doing Tax '"Chori"'... this is tax saving (a bit of evading too)._

_This is to ensure security of our family, kids and their future for any adversity._

1. _We bought Generators/Inverter in our houses, because Govt. failed to provide constant electricity._

2. _We installed submersible pumps, because Govt. failed to provide water._

3. _We hired own security guards, because Govt. failed to provide security._

4. _We send our kids to private schools, because Govt failed to provide good education in public schools._

5. _We headed for private hospitals to avail proper care and treatment, because Govt. failed to provide good public hospitals._

6. _We bought cars because Govt. failed to provide good transportation._

_Finally.., what the tax payer gets in return at the retirement, when he needs most to survive ?_

_Nothing, no social security_.

_But instead all his hard earned income resource is used by Government to distribute subsidies and freebies in the name of welfare schemes among masses to buy "free votes" to those who don't pay any taxes._

_Above all what Govt do with our (tax) money?_

_Open courts-which do not give judgement._

_Open police station which works for politicians only and not protect citizens._

_Open hospital which do not treat us well._

_Build roads wherein 40-100% of money spent goes in vain due to corruption._

_Endless list...._

_Like western democracies, if Indian Government could provide all the above, why would anyone save taxes ?_

_We all know that the major tax revenues collected from us are consumed by Government officials and politicians (billions of dollars are lying in foreign banks)._

_A manufacturer works at a margin of between 2% to 10% , whereas government needs 30% of his income to cover it's expenditure. How fair it is all ?_

_That's the reason no one wants to pay taxes._

_We save taxes for our necessities, family, for our old age, for our safety, security and this phenomenon is the sign of failure of Government in discharging it's own functions fairly and efficiently. Government alone is responsible for this.😡_

_But on the other hand.....We challenge that if Govt announces that Rs.1000 crore is required for Indian Army or floods or earthquake victims !!!....The same amount will be deposited within couple of days by these "Tax Savers" only....We will come forward with open hearts._

And 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????

anonymouse1 thumbnail
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Posted: 1 years ago
#53
anonymouse1 thumbnail
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Posted: 1 years ago
#54

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nutmeg7 thumbnail
Posted: 1 years ago
#55

https://x.com/Radhika8057/status/1752948195007807722


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nutmeg7 thumbnail
Posted: 1 years ago
#56

Please note that in this chart, deductions include Standard deductions.


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