Ever Since I have started earning money, the day of income tax filing has become an important date in my life.
Whenever I got a promotion, it gave me happiness, but along with a sense of anxiety when I used to realise that I had entered the new tax slab and now I had to pay double income tax on whatever I was earning to the government.
🔍✍️Research : Himanshu Singh Chauhan
But can I accept something? I have never been against the idea of 'taxes' but for me, the major disappointment is regarding the purpose my taxes serve for my country. I pay taxes so that I can contribute to the quality infrastructure of India, enjoy the healthcare facilities, and contribute to the defence advancement of my country.
But what do I get in return? Falling airport ceilings, congested roads, ever-increasing taxes even on my savings and houses, and no extra benefit or recognition as a tax payer, let's say the government is saying that we are still a developing country, so we are primarily focusing on the inclusivity of the lower section of society—but even after this, India is one of the leading countries in terms of income inequality.
This is one of the most detailed videos you will find on the internet, discussing the loopholes in the Indian taxation system. I have discussed various aspects, like
1) Who is actually bearing the burden of tax in India?
2) How are we paying tax?
3) How are our savings getting taxed?
4) The tax situation in other countries around the world
5) Why are taxes the necessary evils of India?
6) How do we solve the tax problem in India?
Do like and share the videos, and don't forget to share your perspectives in the comment section.
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Jai Hind, Jai Bharat !
