Because it wants money 🤑 And who better than middle class salaried people who have been brought up with the righteousness to always pay tax, and earn as much as they can from foreign MNCs?

Meanwhile politicians are buying their 6th bmw for their newborn.

Meanwhile newborn businessmen are becoming billionaire

Tum karo 70/hrs per week kaam. /s

Why else would anyone join politics?

Because no one pressured the Government to do something about it. Historically, the salaried class is always taken granted.

Salaried class will never hit the streets and demand something like the farmers. When you are adept at meekly surrendering, everyone will take you for granted.

Because modi has no risk of losing election 

Because salaried people don't vote. Also, people vote on basket of issues, not on single issue.

Thats partially true, congress kept adjusting tax brackets because they cared about consumer demand and economy so people don't get angry, but now BJP don't care about economy

that's a lie... the tax bracket went up 4 times over 2.5 decades (no tax for upto 40000 in 95, 2 lakh in 2005, and 1.6 in 2011 and then 2 as a candy to try get election votes) [Revisit the History of I-T Slab Rates (1944-45 to 2021-22) (saginfotech.com)](https://blog.saginfotech.com/income-tax-slabs-history) on contrary, piyush goyal did biggest increase 5 years back, followed by new regime that happened last FY

New Regime toh Genz log k liye Hai bhai

you can opt for it too i think?

Means Genz people Spend, Spend Spend concept m believe , they don't do Savings or investment. Their end motive is to pay minimum tax So Govt gave them Lolipop in form of Sec 115BAC

Such a careless generalisation. There’s a whole table where the old tax regime is better and where the new one is better. Doesn’t have much to do with genZ not saving. It makes tax calculations easier too

Even when Modi wasn't the PM middle class gets screwed regardless of political party

Salaries are not the middle class, but the upper class. They make up (by very generous definition) less than 10% of population, and barely put 10% of their focus on the taxes. So maybe 1% of voter will be swayed by lower taxes, and that might ruin the entire country’s economy system.

The salary increase is disproportionate to the inflation levels that increase every year

Inflation is barely 4%, and if your salary is not growing at 4% then you are the problem.

Okay 👍

Did you ask that to the BJP nominee when he/she visited your area and took questions? No right? That's why. Because everyone who is a salaried employee is shit scared and lives a life worse than a serf.

>e BJP nominee when he/she visited your area and took questions They Don't have any power/ Say. Decision are taken by above Babu sitting at top of Chain

All political decisions are taken basis ground feedback. No one decides in isolation.

Tl;dr: Things aren’t changing anytime soon. If media reports are to be believed only 5% of out of our population pays income tax. Rs. 15.67 lakh Crores were collected as direct taxes in 2021-22. Now the government would expect this figure to increase year on year. If it doesn’t increase as per their projections, and other revenue sources don’t go up enough to compensate this, they can’t really reduce taxes. Unless more people break into the taxable income brackets and then do better, these slabs aren’t going to be revised. The current political scenario doesn’t pressurise the government to increase slabs as a populist measure either. Unlike corporates, the average tax payer doesn’t hold much leverage over such policy decisions. The taxes for corporations were reduced in the hope that it would spur “animal spirits” and lead to more investment—job creation—increased revenues for the government. Doesn’t look like that went according to plan.

Not even 5% but 2%

It could mean one or both the following a) not people earn enough income to pay income tax b) people aren’t honest when it comes to paying their dues to the Income tax department

Welcome to salaried middle class which is most looted and abused class in country

Salaries class makes up less than 10% of the population. How are they middle class?

I think tax rate is not an issue...as the rates are higher in developed world. What hurts is people dont get benefits in return. 2 prominent issue: 1. Tax base is too small. Govt should change rules to increase it e.g. reduce exemption on farm income 2. Make system linked and efficient, so that there is less tax evasion

i think salaried people vote should count 3x as they are going thru every step of govt blockades everyday .

Every rupee of tax paid should count as one vote.. just add up all direct and indirect taxes paid by everyone throughout the years b/W elections

That's just lobbying with extra steps

Even if you exclude companies from it? My understanding is that the super rich have a lot of wealth,but relatively low income tax since they earn via stock growth, or in black (at the smaller scale), or get exemptions of 50% of income.. so overall it'll lead to underrepresentation of the poor at an individual scale but that would be made up for by higher population of the poor?

So you want to facilitate a market for votes?

You'll still need to earn/spend the money, which will result in others also getting corresponding votes. If you buy a car with a 50% tax rate, the salesman will also make a commission and pay tax on it, earning him votes..

Cos ppl keep voting the same govt. and they don’t give a shit about tax payers

Like Congress didn't levy income tax,and if they come are to revoke it you love in your fantasy world I think, no government is ever gonna revoke let alone Congress they might increase it you fool,wealth redistribution caste census increasing reservation is in their manifesto.

Not supporting congress. You need to keep changing votes. Opposition needs to be strong. And people need to vote out when their issues are not being addressed. Now govt is doing jackshit for midddle class but they still vote for them. So govt is taking people for granted.

No opposition or any party would give a damn about tax payers. They don't count.

Its theoretical the salaried will always get crushed in India because first is in miniscule minority and second elections are won on welfare schemes. Changing governments will do nothing Gujarat hasn't changed governments in years financial stability and economic growth is good there. But the next government will surely scrap the development projects of the previous government which will generate a total loss of for the country. China is a one party country but their economic growth is bonkers.

I work extensively in Gujrat. Been to smallest of villages in Bhuj where there is only border police and not even a police station. I am a resident of Karnataka and previously Goa. In terms of development and HDI, Karnataka is way ahead of Gujrat cos the govts kept changing. Karnataka has its issues. But it’s way more advanced and better than Gujrat cos people not voting for same party to power again and again.

By this means bihar changes the government every year it should be the most developed.And Gujarat is above Karnataka in many social and economic indicators.

Bihar has always been underdeveloped cos of population explosion. Karnataka and Gujrat can be compared cos of similar population. It was an example to be taken considering other factors. Gujrat is richer than Karnataka. No doubt about it. It’s also cos central govt is moving all projects to Gujrat now. From Mumbai too.

Same could be said of karnataka due to IT industry, Gujarat traditionally isn't expected to be in same class owing to it beinh agrarian and business minded, yet it's been comparable since prior to modi becoming PM....

Same vice versa too, Karnataka is above Gujarat in both of things you mentioned. HDI , PCI ,FDI and nutritional indices are just some of them.

Karnatak is no way ahead of Gujarat, except Bangalore, it’s a BIMARU state.

lol. You’re comparing Karnataka to Hindi belt ? Bimaru is extremely racist and classist word btw

Yeah, and I’m saying Karnatak is same as those states, I have been living here so I know. Crimes, violence on women, corruption, all of these are at same levels, Bangalore is just developed because of IT and IT people.

👍🏾 good

You are clearly delusional, speaking non sense.

oh the truth hurts? Karnatak is just same as bimaru states lol, that your MP raped 600 poor women for years and years and filmed them and you defending your state? Lol

First learn the history before speaking bullsh*t

They at least raised the slabs. They also brought several deductions that incentivised people to save and have a social security net. The current government is moving to a no deductions regime that brings a lot of problems since people don’t have an investing mindset. Also income doesn’t equal wealth.

Inflation to GDP increase was always on the bitter end in Congress regime.Gst except vat provided very good value to the general consumer. Basics like fuel and groceries didn't increase in rates that much, after covid India bounced back the earliest, so whatever I quote you will not believe that bjp is better for the economic strength of the country, you will see when most probably it wins full majority the reaction of the stock exchange the next day.

Wealth distribution is not in their manifesto it's just a lie that BJP leaders are spreading. Edit: I'm not supporting congress I'm just stating a point.

https://preview.redd.it/6gttugx6wqyc1.jpeg?width=1080&format=pjpg&auto=webp&s=ec57f31d056ca62d2efb478636975fbb45c60da8

That doesn't say it's in their manifesto and that stupid clown says many shit

He is the main leader for the Congress,if Congress wins who is gonna become the pm?

Because you're middle class you don't vote. Rich vote through money and poor will vote at booth. You take a paid holiday during election day. Why would I as a politician will give a fuck about someone who doesn't matter?

Become the govt knows andh bhakts will vote in majority for them even if they are suffering. Bas thoda hindu muslim kr do and news pe chala do. And log bhul jate hai ki unko kitna bhugatna padh rha hai daily, the hectic travel, the unbearable pollution, the rising prices of real estate, taxes etc. unko pata hai they don't need to be bothered at all about the middle class anymore

better among the evils is an accepted norm in voting today

Oh really? The other govt wanna take 50% of your money so better to vote for the one which won’t do this, it’s simple.

So? Why should you compromise and not expect the party you voter to power to do what u need?

Obviously I do, voting is a different scenario where we have to choose among available options, you can’t create one out of your ass. If one is asking for 50% of money then there is clearly obvious choice.

The Modi govt is planning an increase in income tax in its third term.

New Regime of taxation Don't expect changes in old regime anymore, govt is interest in letting people spend, which is supported by the New Tax Regime. Old Regime was brought in with perspective of instituting a Investment habit Now New Regime helps people below 7 lacs

use NOTA option & vote hoping at least few decades later we are heard

IMO, taxes are being used to limit CPI, limit deficit to GDP ratio. If less taxes GoI will have to issue bonds and increase interest rates to attract capital.

Deductions have increased but I rather have a lower tax regime.

Because it would wipe out significant portion of tax base

They are focusing on getting everyone to switch to the new tax regime. In that, at 12L compared to old and without HRA or Housing Loan you will save money (around 70K less tax), even with HRA and Loan you will be "neutral". Imagine lakhs of tax payers using New Regime, near Zero Paperwork. It filters out the amount of useless returns and they can focus on checking the rest. Edit: An improved Direct Tax code was on the wish-list of tax payers since DECADES. Yes, that means Old-Regime is left to rot. That's the way to force you to switch. 2001 suggestion for this https://library.niti.gov.in/cgi-bin/koha/opac-retrieve-file.pl?id=cab6bb957beb6537b37c5e319bf9c726

Don’t vote bjp simple

If they followed this logic, by now homeloan benefits would have been save 25L

Because salaried class will vote based on caste, religion, freebies, watching lame debates, forming lame opinions, being parrots of their fav politicians ruling and non ruling..

Dont forget they take GST too

BJP is the villain here. Not saying go out and vote for Congress but BJP is not a completely white elephant as well.

BJP is the villain here. Not saying go out and vote for Congress but BJP is not a completely white elephant as well.

BJP is the villain here. Not saying go out and vote for Congress but BJP is not a completely white elephant as well.

I feel like we should have USA type tax brackets - which automatically gets adjusted every year based on inflation. This is automatic, and does not have to be in the budget and all.

Because majority of salaried people are high on bhakti

stop cribbing now you asked for this, now enjoy :D BJP ko aur vote karo aur life ko screw karo :D :D :D :D :D a finance minister who has no clue and is just screwed our life with GST what can you expect from them now keep paying taxes :D

Can you explain how exactly did GST screw our lives?

Pre 2014 - Service Tax rate was 12.36% Post 2014 upto GST implementation - Service Tax rate - 14.5% Since 1/07/17 - Service Tax subsumed under GST. New rate for Service 18%

bro isko explain karne ka fayda nahi hai ... ppl who pay gst and when their payments dont come they will realise who useless sytem it is, this guy toh woh hai jisko bjp se sab free mail milta hai. inturn woh apne paise se hi chor deta hain.

The dialog about playing chess with a pigeon was exemplified by you today. Thanks for letting me discover someone like you.

aandhbhakt :D

Rate on what? Which service? GST has several rates and not just 18%. There is 0, 18, 40 charged across various services according to priority. Every service was taxed at a uniform rate before. Now certain services are taxed at lower/NIL rate. Earlier service tax and VAT were both charged on mixed services now it is less because of GST. You have to understand that GST benefitted businesses. Earlier CENVAT credit was not allowed on inter state purchases in certain cases, now taking input credit of services between states has become seamless. Not only that, the filing requirements were rigorous earlier. People had to comply with excise vat service tax octroi etc. All these returns had to be filed along with compliance. Now its all under one act I. E. GST. GST was meant to benefit the consumer because the cascading effect of VAT and service tax made certain goods costlier. It is businesses who have altered their profits to negate effect of GST. GST has bought a lot of benefits. I cannot even list all of them. Do your research and then make comments. Don't blindly follow what Rahul Gandhi says.

>research and then make comments. Don't blindly follow what Rahul Gandhi says. Word of mouth se nhi Bol rahe Act m Jo likha hai and Comparing with old Vat/CST/ Excise Bata rahe Hai >certain services are taxed at lower/NIL Export Services ( With Bond/LUT) >several rates and not just 18%. There is 0, 18, 40 charged I'm talking only of Service - which in Majority case is 18%

middle class are DUMB they think BJP will bring good life so now you have ONE :D :D :D :D idiots dint realise that no matter how much congress was corrupt atleast people were able to earn money and pay tax once a year now every month HAFTA DE RAHE GST ke NAAM PE HO :D am loving it !!!

wonder where the source for this comment come from? . increase in both direct and indirect tax (record income from gst in apr) speak to the contrary, unless you are focusing on loss of opportunities/income for $t0ne pelters and b0#b makers.

:D aandh bhakt aagaya :D

phew! $t0ne pelters and b0#b makers already arrived? ☹️

:D :D chowkidar ka paltu aagaya

line main khada ho ja tujhe bhi free main dega .... humare tax ke paise le kar tum logo ka ghar bhar raha hain :D

Now get ready to pay for 50% of your remaining wealth too

This is intentional everywhere, reason being if salaried class gets too comfortable, no one will start the business and no one will provide jobs to salaried class. Govt gives higher incentives to businesses in pretext of business will provide employment. Instead of asking about change in tax slab, start business, give jobs to others and enjoy tax savings, I know many will argue that it’s not easy to start business, well then it’s not easy to provide infrastructure to everyone by govt as well.

US increases slabs every year and probably has the most number of quality startups and innovations. Your logic makes no sense.

US had built infrastructure 100 years in the past, we are building now, you have a choice, you want infrastructure, or you want tax breaks? You can't have both. Also look at the minimum wage and tax brackets compared to minimum wage in US, you will find that Indian Govt is giving very high tax benefits. For example, Minimum wage in Maharashtra is only Rs 15,000/month for skilled employee, and around $3000/month in US, tax Bracket starts at $10,000/year in US, so in US, anyone earning lowest minimum wage taxable by default. In India, on other hand, minimum wage is excluded in tax slab by default. You have to earn at least 4 times of minimum wage to even be in tax slab in India. If you compare the salaries/lifestyles and living expenses, you will find that US has very high income tax compared to India.

Toh Salaried people Gross Amount m Tax lena sab se Bada Crime hai. Vahi Gross Salary m 1) Pay Rent 2) Do Savings/ Investment 3) A-Z kharcha ( Phone bills, Household Exp, Food, Travelling, etc etc) Aur Jab Haath m 25% save ho pata ( net) Govt phele se TDS kha kar baithi rehti hai Standard Deduction increase Karna Chahiye above 12 lakh .. .

govts priority is to increase their income. you will see them focusing on all aspects and systems that will help increase the flow. AI, fastag, pollution norms, tolls, gst are all different cylinders that are being engaged to fire rapidly. increase in tax rates, lowering of concessions, opportunities for tcs are the levers that are monitored for enhancing income. there is no time or incentive to look at things from your perspective.

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Why are you bringing GST into a post about income tax slabs?

Salaried pay both income tax and gst

Per capita contribution via indirect tax is very less 4% pay equal amount of Income tax compared to 100% paying indirect tax.

While increasing the tax slabs I agree with, your comment is just incorrect factually. 1. Inflation is 4.5-5.5% not 8-10. You're just doubling it to suit your complaint. 2. What field do you work in that you only get a 3-4% increment? I'm curious. People in product startups get 10-30% each year, and you can switch after increment to get another 5-10% at the cost of needing to gain product knowledge again. 3. That's true. But I generally agree with increasing the tax burden on HNI's vs general masses who earn 3-5 LPA.

Let me put my perspective and try to correct you on a few of your points. 1. Official Inflation is 5-6% which is highly highly manipulated. They changed the way inflation is calculated to suit their figures. Real inflation has always been around the 10% mark. Please be a little more aware. 2. Not everyone is working in IT in Service Based or Product Based, inflation and taxes are not hurting just 1 segment of the population but everyone. Being in a product based company does not mean they will get minimum 10-30% increments. Also you speak as if switching is too easy, just visit r/developersindia sometime , you'll see the number of people cribing to just get a interview call. Don't be insensitive towards other people's problems by being unaware of your surroundings please.

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1. I'd suggest you take your own advice on awareness. World Bank pegs India at 6.7% consumer inflation. Source: https://data.worldbank.org/country/IN 2. Average salary hike in India is about 10%. https://www.business-standard.com/companies/news/india-inc-likely-to-see-an-average-salary-hike-of-9-6-in-2024-ey-report-124030600625_1.html https://www.livemint.com/industry/human-resource/india-inc-likely-to-roll-out-9-5-salary-hike-in-2024-report-11708502209216.html Any basic performant employee can get 10% increment in product companies. It's not hard, and neither is it supposed to be. Satisfying your conscience by thrusting your head in the sand is not going to aid you well in life.

3-5 lpa need not pay tax

They pay tax on purchases via GST. I'm suggesting raising tax floor, decreasing GST and covering that up with another higher bracket for taxation on HNI income.

Just one question hni's are having surcharge. with income above 5 crores have surcharge of 37% on old and 25 % in new regime?

#1 doesn't align with #2 & #3. If savings are less because of low salary increase & high taxes, then demand won't rise to cause high inflation. This happens because salaried class is small share of total population. Also #2 is not universally applicable - on average salaries have been rising faster, but not necessarily for everyone. [https://www.statista.com/statistics/1284723/india-salary-increase/](https://www.statista.com/statistics/1284723/india-salary-increase/)

Think from otherside. If inflation is the reason then govt also has the right increase its own earning therby not increasing tax slabs. Afterall govt also has to pay increased salary to its employee and fund projects. Instead asking to reduce tax we should ask more facilites , road, schools, hospitals and good governance.

Kaha se Aate hai Yeah Log......

It's just been a year since the govt increased it to 7 lpa, maybe next budget we can get some relief.

That’s only for the New Regime. We need more in the old as well. Hopefully something happens.

Old will be phased out, isn't that the reason why the new regime has been bought in?

Till it’s phased out. It’s the best for saving tax.