Number of income tax payers hit new low in India

Oralmat

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Quote from: bryant.coleman on May 02, 2016, 12:49:44 AM

Quote from: Hirose UK on May 02, 2016, 12:39:52 AM

Quote

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

how surprise! I think IT professionals get more income because of their intelligence. then if they should pay taxes, their income will decrease.

and I thought if we get much income, we should pay taxes, but it's not the rule in India. maybe it's good idea to be a farmer in India Grin

The IT professionals in India are not much organized and they rarely take part in the elections. So they are overburdened with taxes (in addition to the income tax, there are other taxes such as the labor tax). On the other hand, the farming lobby is quite strong. Large-scale farming is extremely profitable in India. You will be provided with free electricity, subsidized fertilizer and pesticides.etc.

This is the major issue of the third world countries

Joel_Jantsen

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Get your game girl

Quote from: Slowturtleinc on May 03, 2016, 01:00:07 PM

What I would really be interested in is a thread where Indians answer questions about India for us dummies.
Would love to learn more about the different areas and how things work politically on a local level.

Mate,I'd love to but not many will be interested to know as their idea of India is still of 1960's where people lived in faeces.Trust me ,India can be the richest economy around if Politicians here wanted to.You can basically get away with anything in India.80% of the money in Swiss Banks is Indian Black Money which is suppose to be paid as taxes and other revenues.

Slowturtleinc

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Quote from: Joel_Jantsen on May 03, 2016, 12:54:02 PM

Quote from: gentlemand on May 02, 2016, 10:36:25 AM

Hey, India, wanna stop people from living in buckets filled with faeces and eating it too? In non shit eating countries you customarily pay a bit of tax no matter what job you do. Crazy but true.

Okay ,you sound like a dumb one here.I'm an Indian and a Software Engineer who pays taxes every year.

Now,I don't live in "buckets filled with faeces" .I have a 3 bhk apartment on 24th Floor in a very rich locality of the Mumbai City.Also,I eat a good healthy diet on daily basis.I have a good internet speed of about 50 mbps for $12 a month.All my friends belong to the same category I believe.

You Sir are a dumbfuck who can't understand jack shit about the Indian economy.I'd coach you but not worth my time.Do your damn researches before posting insensible comments .

@OP : - Share a coffee with me someday and I will teach you the basics of the Indian System.Its too early for you to make absurd statements what you think are called "Facts".

What I would really be interested in is a thread where Indians answer questions about India for us dummies.
Would love to learn more about the different areas and how things work politically on a local level.

Joel_Jantsen

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Get your game girl

Quote from: gentlemand on May 02, 2016, 10:36:25 AM

Hey, India, wanna stop people from living in buckets filled with faeces and eating it too? In non shit eating countries you customarily pay a bit of tax no matter what job you do. Crazy but true.

Okay ,you sound like a dumb one here.I'm an Indian and a Software Engineer who pays taxes every year.

Now,I don't live in "buckets filled with faeces" .I have a 3 bhk apartment on 24th Floor in a very rich locality of the Mumbai City.Also,I eat a good healthy diet on daily basis.I have a good internet speed of about 50 mbps for $12 a month.All my friends belong to the same category I believe.

You Sir are a dumbfuck who can't understand jack shit about the Indian economy.I'd coach you but not worth my time.Do your damn researches before posting insensible comments .

@OP : - Share a coffee with me someday and I will teach you the basics of the Indian System.Its too early for you to make absurd statements what you think are called "Facts".

bryant.coleman

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Quote from: Slowturtleinc on May 03, 2016, 12:13:03 PM

Stats out of India I would take lightly,hell most stats anywhere for that matter.
That said India's tax collection is direly in need of a push in the right direction.

1 percent seems pretty low though.

Tax evasion is a problem everywhere. Even western nations such as the United States and Germany lose billions of USD as a result of tax avoidance. However, the problem is more acute in developing nations such as India and China. India is the worst, because the entire system is broken there. In other nations, at least the judiciary is free from corruption. But in India, judiciary is the most corrupt sector.

Slowturtleinc

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Stats out of India I would take lightly,hell most stats anywhere for that matter.
That said India's tax collection is direly in need of a push in the right direction.

1 percent seems pretty low though.

bryant.coleman

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Quote from: designerusa on May 02, 2016, 11:10:04 AM

India is the best example for showing us how a country can be so ridiculous.

Unfortunately, I need to travel to India regularly, for business purposes. Every time, it is a torture to get around the red tape and bureaucracy. Services are overpriced and lacks quality. A 512 Kbps (64 KB ps) connection costs around $25 per month (that too prone to disruptions), while in my country I can get a 300 Mbps connection for similar amount.

BADecker

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What will happen when the American taxpayer scene gets that low? ...

Nothing Is Real… All Of This is Being Played

Quote from: http://www.shtfplan.com/headline-news/market-analyst-nothing-is-real-all-of-this-is-being-played-to-keep-people-believing-the-system-is-working_04292016

We exist, beyond any shadow of any doubt, in an environment of absolute fakery where nothing is real… from the prices of assets to what's occurring here with regard to the big Wall Street banks, the Federal Reserve, interest rates and everything in between.

…All of this is being played in a way to keep people believing, once again, that the system is working and will continue to work.

EUROPEANTURK

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Quote from: designerusa on May 02, 2016, 11:10:04 AM

Quote from: bryant.coleman on May 01, 2016, 08:47:11 AM

According to the latest stats from the Indian government, some 12.5 million out of the 1.3 billion citizens paid income tax in 2015. That represents somewhere around 0.98% of the population. This is the first time in history that the number of tax payers have dipped below 1% of the population. India might be the only country where 0.98% of the population subsidizes the remaining 99.02% with the taxes. (In India, farmers, businessmen, politicians.etc don't need to pay their taxes).

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

india is the best example for showing us how a country can be so ridiculous. farmes are getting more income than a it professional and then they are not forced to pay taxes.. this is a load of shit for sure

i think that this is not surprising because india is a too delusional country to handle.. so this legal act is really normal for india .on the other hand indian people the best people on earth .

designerusa

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Quote from: bryant.coleman on May 01, 2016, 08:47:11 AM

According to the latest stats from the Indian government, some 12.5 million out of the 1.3 billion citizens paid income tax in 2015. That represents somewhere around 0.98% of the population. This is the first time in history that the number of tax payers have dipped below 1% of the population. India might be the only country where 0.98% of the population subsidizes the remaining 99.02% with the taxes. (In India, farmers, businessmen, politicians.etc don't need to pay their taxes).

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

india is the best example for showing us how a country can be so ridiculous. farmes are getting more income than a it professional and then they are not forced to pay taxes.. this is a load of shit for sure

gentlemand

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Welt Am Draht

Hey, India, wanna stop people from living in buckets filled with faeces and eating it too? In non shit eating countries you customarily pay a bit of tax no matter what job you do. Crazy but true.

bryant.coleman

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Quote from: alyssa85 on May 02, 2016, 08:16:29 AM

Politicians are exempt?

Does India levy any other types of tax such as property tax or VAT?

Indian politicians get most of their income in the form of commissions and bribes. So obviously they don't have to pay taxes over that income. And regarding property tax and VAT, India is having one of the highest rates for these taxes. In addition to all this, there are dozens of other taxes such as service tax, octroi, state taxes.etc.

BADecker

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Google "percent of Americans that pay income taxes." Cool

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Quote from: bryant.coleman on May 01, 2016, 08:47:11 AM

According to the latest stats from the Indian government, some 12.5 million out of the 1.3 billion citizens paid income tax in 2015. That represents somewhere around 0.98% of the population. This is the first time in history that the number of tax payers have dipped below 1% of the population. India might be the only country where 0.98% of the population subsidizes the remaining 99.02% with the taxes. (In India, farmers, businessmen, politicians.etc don't need to pay their taxes).

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

Politicians are exempt?

Does India levy any other types of tax such as property tax or VAT?

bryant.coleman

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Quote from: Hirose UK on May 02, 2016, 12:39:52 AM

Quote

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

how surprise! I think IT professionals get more income because of their intelligence. then if they should pay taxes, their income will decrease.

and I thought if we get much income, we should pay taxes, but it's not the rule in India. maybe it's good idea to be a farmer in India Grin

The IT professionals in India are not much organized and they rarely take part in the elections. So they are overburdened with taxes (in addition to the income tax, there are other taxes such as the labor tax). On the other hand, the farming lobby is quite strong. Large-scale farming is extremely profitable in India. You will be provided with free electricity, subsidized fertilizer and pesticides.etc.

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Quote

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

how surprise! I think IT professionals get more income because of their intelligence. then if they should pay taxes, their income will decrease.

and I thought if we get much income, we should pay taxes, but it's not the rule in India. maybe it's good idea to be a farmer in India Grin

bryant.coleman

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Activity: 3766

Merit: 1217

According to the latest stats from the Indian government, some 12.5 million out of the 1.3 billion citizens paid income tax in 2015. That represents somewhere around 0.98% of the population. This is the first time in history that the number of tax payers have dipped below 1% of the population. India might be the only country where 0.98% of the population subsidizes the remaining 99.02% with the taxes. (In India, farmers, businessmen, politicians.etc don't need to pay their taxes).

Also, it is quite funny to note that an IT professional with a salary of $5,000 per year need to pay the tax, while a farmer with an income of $5,000,000 per year is exempted from the taxes.

Topic: Number of income tax payers hit new low in India (Read 611 times)