Shaunak Banerjee

Indian Taxpayer

[Gems @gemsofbabus_]

Please pay your taxes and file your income tax return before the due date.

[Dr. Rajeshwari Iyer @RajeshwariRW]

Once you visit random cities in China and come back to Indian streets, you realize how much you’ve been scammed by your local MLAs, MPs, IAS and the whole system.

[#YeThikKarkeDikhao @YTKDIndia]

This is Kanpur, officially India’s 13th cleanest city. 🤡

If this is what No. 13 looks like, imagine the condition of the cities ranked below it.

[Kaira @Kaira94124647]

Employer reports the salary.
PAN is linked.
TDS is automatic.
Every rupee is traceable.

Meanwhile, the employee carries the risk of layoffs, medical bills, school fees ,rent and retirement.

Being easy to tax shouldn’t make us easy to exploit.

#AbolishIncomeTax

[Dhruvaa @ripper_dhruvaa]

Hindutva goons are breaking the lake's safety nets so that they can pollute the lake by immersing idols.

Literally when will Indians stop polluting rivers, lakes and oceans in the name of religion? 🥀

[Neha Patel @Neha_S_Patel]

Every time Indian Railways gets criticised, BJP supporters pull out Vande Bharat photos like it's some UNO reverse card.

Brother, nobody denied Vande Bharat exists.

We're asking why ordinary Indians are still travelling like THIS after 12 years of Modi Govt.

One shiny train doesn't magically erase overcrowded coaches.

[#YeThikKarkeDikhao @YTKDIndia]

India's Richest Municipal Corporation, BMC, has an annual budget of ₹74,427 crore, plus MMRDA's budget of ₹40,187 crore.

It has a larger budget than many small states.

The work they do 🤡👇🏼

[Civic Opposition of India @CivicOp_india]

How is this incident any different from the one involving Sia? Why should they be not tried for an attempt to murder?

[Vineeth K @DealsDhamaka]

No more tweets about E20.

My mileage has dropped to single digits, or barely touching double digits.

And honestly, I think it’s over.

We live in a country where we have hundreds of things to worry about every single day.

The government knows this.

Make enough noise, wait long enough, and people move on. We have jobs, EMIs, kids, parents, health, inflation, taxes… life keeps moving.

That’s probably the real game. Keep people busy enough, and they won’t have the time or energy to fight every battle.

[Neha Patel @Neha_S_Patel]

My friend bought medicines worth 2,180 yesterday.

She scanned UPI.

Chemist Said: “UPI karoge toh 15 extra lagega madam"

She knew the charge isn't even supposed to start until 15 October.

Still paid.

Why?

Her sick child was waiting at home. She wasn't going to stand there and debate MDR rules with a chemist for 15.

This is the ground reality Nirmala Sitharaman doesn't seem to understand.

Govt can charge merchant 8 rs and announce 50 times that “merchant cannot pass it to customer.”

This is India.

Govt will take 8 rs from merchant and merchant will take 15 rs from customer.

Your Parliament statement won't be standing next to every QR code.

That's why stupid policies designed on paper become even worse when they reach ordinary people.

[Cockroaches of India @CJP_for_India]

माननीय प्रधानमंत्री के बर्थडे के बीच फँस गया बेचारा मरीज,

जो लोग एंबुलेंस निकालने का दिखावा करते हैं उनको यह वीडियो जरुर देखना चाहिए।

बिहार।

[Kaira @Kaira94124647]

Outrage works when it becomes collective action.

So don’t just scroll—post. Repost. Comment. Amplify.

One person is easy to ignore. Thousands demanding the same thing are impossible to overlook.

One hashtag. One demand. One movement. #AbolishIncomeTax

[#YeThikKarkeDikhao @YTKDIndia]

Take a look at the condition of roads in Bihar’s villages and what teachers have to go through just to reach school.

Getting to the classroom itself has become a daily challenge.

[Kaira @Kaira94124647]

Hey, silent Income Tax payers,

Did you see the outrage over UPI charges?

Now where’s your outrage over INCOME TAX?

Your salary belongs to you and your family . Stop sacrificing it .
Raise your voice. Stop silently accepting this tax burden.

#AbolishIncomeTax , lets unite

[Kapil @kapsology]

People with criminal mindset are roaming freely in Delhi NCR.

Arrest one and hundreds with come out from the caves in the support.

[#YeThikKarkeDikhao @YTKDIndia]

Loni, Ghaziabad: Where the road ends and the sewer begins, nobody really knows.

Development so seamless, even the drainage system has merged with the road.

[Nithin Kamath @Nithin0dha]

I think MDR on UPI was probably inevitable at some point, especially given how widespread UPI adoption has become. It could also lead to more competition, instead of just three apps accounting for more than 95% of the market.

That being said, there are some use cases, like investing and broking, where the proposed MDR structure doesn’t really make sense.

The problem with broking is that there is no guarantee that money transferred to a broker will actually result in a transaction.

As brokers, we can’t force a customer to trade after transferring money. And if we can’t pass the UPI charge on to the customer, there is essentially no limit to the cost a customer can impose on a broker without generating any revenue.

Just as an example, 10,000 customers could each make 50 UPI transfers of ₹2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around ₹2 crore, without generating any business.

What makes this even more challenging is quarterly settlement (QS). This is a SEBI regulation that requires brokers to send unused funds back to clients every month or quarter.
Most customers then transfer these funds back to their broking accounts, with more than half of these transfers happening through UPI. So regulation essentially forces this movement of money every month or quarter, and the broker could end up bearing the cost when the money comes back, without any incremental benefit or revenue.

By the way, we currently don’t charge brokerage on equity delivery trades because the economics allow us to offer them for free. But if every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely.

I think having an MDR is okay. It still doesn’t solve the problem of customers transferring money without transacting, but something like 0.02% with a cap of ₹5 or ₹10 per transaction seems much more reasonable for broking, instead of a cap as high as ₹300.

[Chota Don @choga_don]

The Plight of a Salaried employee in India

Earn salary
>Pay 30% Income Tax

Buy something from taxed Salary
>Pay 18% GST

Withdraw remaining salary
>Pay ATM charges

Pay through NEFT RTGS
>Pay Bank Charges

Spend remaining salary by UPI
>Pay UPI MDR Charges

Invests in Mutual fund
>Pay 0.02% MDR, 300 cap

Buy car
>Pay road tax

Drive the car
>Pay toll

Take loan
>Pay stamp duty

Buy house from that loan
>Again Pay stamp duty

Live in that house
>Pay property tax

2 mins silence of India's middle class who is being Taxed when it earns, taxed when it spends, charged when it saves and billed when it moves 🤡

[Neha Patel @Neha_S_Patel]

Govt calls this progress because admitting failure isn't part of the Vishwaguru vocabulary.

[Sabeer Bhatia @sabeer]

The problem with some vegetarians in India is the belief that their food choices somehow make them morally superior to others. I have news for them: what you eat does not determine how you think—or the kind of human being you are. Character is earned, not thrust upon others.