Mohit

An aspiring Singer/Lyricist/Composer.

[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?

[Mohit @mparakh5]

@ccg33k If I get T1 now, and spend 1L, is there any scope of bonus 3k points getting credited before the accor bonus transfer window ?

[Mohit @mparakh5]

@vivek_kumar1007 @PointsPro Hi, you apply through the referral - https://t.co/bDxwT8RDby and spend 5k, you will get 4k bonus points and spend 30K in 90 days to get additional 11K bonus points.

[Mohit @mparakh5]

@talok253 Name please

[Sagar @sagarcasm]

Hey, I have seen this one. It's a classic 😍

[Mohit @mparakh5]

@SavingsSimpl @DealDigger_ @PaisaPrinciple @nikunj_kb @TheRetailIndian What's the process?

[Mohit @mparakh5]

@akshat_money EPM

[Mohit @mparakh5]

@MagnifyClub Yes

[Mohit @mparakh5]

@akshat_money What are the criterias to get this one?

[Shafiq Ahmad Adv @ShafiqAhmadAdv3]

It’s hilarious 🤣🤣🤣
#INDvsPAK

[Mohit @mparakh5]

@GemsOfCricket @khuswanth

[Sagar @sagarcasm]

Contribution of other South Asian countries in yesterday’s event is as much as contribution of cheese in vegan diet

[Mohit @mparakh5]

@SatishRay_ One Piece

[Mohit @mparakh5]

@GemsOfCricket @khuswanth

[Shiv Aroor @ShivAroor]

I just watched this 25 times 😂

[Go Homestays @GoHomestay]

What Work From Home dreams look like 😍

[Mohit @mparakh5]

@khuswanth Bhai, jazbaat hi badal gaye 😅

[tmkoc out of context @tmkoc_daily]

This scene has a separate fanbase

[Mohit @mparakh5]

@BeFitClub_ ...

[Poonam Datta @Poonam_Datta]

Uske Baad Kya 👌👌👌👌