Suresh

Learner for life. I am here to learn about investing. Software Developer by profession.

[Suresh @SureshLTI]

@Vivek_Investor 2047 is for politicians, not mere mortals like us 😂

[Suresh @SureshLTI]

@Vivek_Investor he is impersonating you. I have reported. Vive_k (@christinablatz) / X

[Suresh @SureshLTI]

@VedicAstro1991 Ketu in 8H Scorpio, Aries Asc

[Holistic Astrology Insights @theastrodecoder]

Mars transit to Cancer

For the first time in years, Mars is conjunct with an exalted Jupiter in transit to Cancer which is its debilitation sign and will spend considerable time there

What does it mean for each of the ascendant signs?

Thread 🧵

[Suresh @SureshLTI]

@mainbhiengineer Tax paid in 2014-15 for 12L salary.

[Suresh @SureshLTI]

@Neha_S_Patel True that

[Suresh @SureshLTI]

@marinebharat That regime will be there, otherwise how govt babus and netas claim the deductions which are not available for general public in old regime.

[Suresh @SureshLTI]

@CAChirag If you have individual income less than 12L you will get tax rebate and you don't need to pay any taxes. If you have taxable income of greater than 12 lakhs then 4L is tax free.

[Suresh @SureshLTI]

@R_N_Vaghani @CAChirag @narendramodi @nsitharaman The number of such families in India are Zero.

[Suresh @SureshLTI]

@featherlytouch Yes, no govt should be given more than two terms at a stretch. We have given three terms and facing consequences. My friends mocked me when I said this, now they are regretting.

[Suresh @SureshLTI]

My gift to Tai this year. Tomorrow if I lose job, I will be literally on road. Even after this I need to pay GST, VAT on Petrol, LTCG, STCG and STT on savings. Taxes are endless after paying #incometax. But political parties, farmers, #BCCI don't pay any tax.
#abolishincometax

[𝕲𝖆𝖓𝖊𝖘𝖍 * @ggganeshh]

A friend of mine got laid off end-financial year right after paying his advance tax. To make matters worse, his severance package pushed him into a brutal tax slab - blowing up his investment tax liability.

As if losing a job wasn’t painful enough, Tai dropped by to take her cut

[Suresh @SureshLTI]

@E20Party We need choice, E0 should be easily available at a reasonable price, not for Rs 170.

[Suresh @SureshLTI]

@mainbhiengineer Exactly my situation.

[Suresh @SureshLTI]

@XPurplePill Sad reality of salaried employees 😭. What I showed is just TDS. LTCG, STCG, STT, Dividend and FD income are paid while filing tax returns.

[Varun Bhatia @vb34920]

@CAHimankSingla Genuinely first 12 L should be exempt for all taxpayers instead of persons earning upto 12 L, high earner feeling pinch why rebate us 87A not available to them when law same for all salaried class

[Suresh @SureshLTI]

@Mrsinha @narendramodi @nsitharaman I paid Rs 14,51,016 as just TDS with 56L Salary income. Please request madam to cut my tax to 10%. I would be grateful. I pay #incometax, then surcharge & Edu & Health cess. Then pay GST, VAT on petrol & L/STCG, STT on remaining.

[CA Niraj Dugar @contliving]

A company earning ₹1 crore profit pays 25.17% tax. Flat. No slabs. No surcharge games. ₹10 crore profit? Still 25.17%.

An individual earning ₹1 crore salary pays 28.1%. Earning ₹1.5 crore? 31.6%. Earning ₹2 crore? 32.6%. (Approx tax rates)

Same country. Same tax department. The company gets a flat rate. The individual gets punished for earning more.
And the company deducted rent, travel, internet, training, equipment, meals before arriving at that profit number.

The individual?

Taxed on gross. ₹75,000 standard deduction. That’s it.

The salaried professional is taxed on revenue. The company is taxed on profit.

How should it be?

Basic exemption: ₹25 lakhs. After that, flat 25%. No slabs. No surcharge. No cess.

What this looks like?

₹40 lakh salary. Tax on ₹15 lakhs at 25% = ₹3.75 lakhs.

Effective rate: 9.4%.

₹60 lakh salary. Tax on ₹35 lakhs at 25% = ₹8.75 lakhs. Effective rate: 14.6%.

₹1 crore salary. Tax on ₹75 lakhs at 25% = ₹18.75 lakhs.

Effective rate: 18.75%.

₹2 crore salary. Tax on ₹1.75 crores at 25% = ₹43.75 lakhs.

Effective rate: 21.9%.

The effective rate never crosses 25%. No individual pays more than a company on the same income.
Simple. No 80C circus. No regime comparison every April. One exemption. One rate. File in 10 minutes.

What do you think?

[Spice @VnsSpice]

Income Tax surcharge starts at 50L in 2015! Now compare this
2015: Amul Gold (Full Cream): ₹48 per litre
2026 Amul Gold -₹ 70
A 146% increase, but Surcharge limit remains same! #AbolishSurcharge
#AbolishIncomeTax
@IndiaNewGen @indtxpyr

[Venkatesh Alla @venkat_fin9]

Good Morning! Securities Transaction Tax. Long-Term Capital Gains Tax. Short-Term Capital Gains Tax. Dividend Distribution Tax. If you invest your post-tax money, the government taxes it again. Loop of despair.