From 97% To 42% | How Tax Rates for Individuals Changed? Budget 2024 | Economy | UPSC

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In this video, we delve into the significant changes in individual tax rates over the years, culminating in the latest updates from Budget 2024. Understand the historical context of tax rates, the factors influencing these changes, and their impact on the economy. This analysis will provide valuable insights for UPSC aspirants and anyone interested in economic policies. Stay informed about how these tax reforms affect you and the broader economic landscape.

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Batch Starting on 27th July 2024 | Daily Live Classes at 6:00 PM


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Offline Classes Starting on 30th July 2024, 6:00 PM

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बैच 27 जुलाई 2024 से शुरू हो रहा है l बैच का समय शाम 6:00 बजे

UPSC IAS Long Term P2I Foundation LIVE 2026 Pratigya Batch
Admissions Closing on 31st July 2024 | Daily Live Classes at 6:00 PM

[shaktipatnaik]

Let's disect the Tax system.
Income tax 30%
Long term capital gain 15%
Gst 28% & 18%
Entertainment tax 5%
Property tax 20%
Swach bharat cess 2%
When you buy a car after all deduction-
Gst on ex showroom 28%
Roadtax 15%
Gst on insurance 18%
Tax on petrol and diesel 130% approx
Toll tax 5%
Parking tax 2%

Inshort you pay in European slab and get Service like African union.

[deepak_]

Taxes like Europe,
Services like Uganda

[theshorts]

Paying 30% tax for 0 facilities from govt

[_iitian]

I will pay 50 % of my income, but i want 50 lakhs/ month salart,
Currently I am unemployed😂

[parihar-shashwat]

Income tax payers are the last people any govt thinks of.

[haridasyamkartheek]

Direct tax 30 to 40%
Indirect 30 to 40%
Roads tolls+health +education 20%
Saving of individual 5 to 10%
🙏

[Sarridon]

•GST on Helicopter, Airplane, Cruise Ship - 5%
•GST on Bike, Scooter, Car - 28%

😭😭😭😭

[pingping]

Manmohan Singh: TAX shouldn't increase 45%.
Le Manmohan Singh: Give 56% Tax
😂😂😂😂

[Prayob]

USA me tax 37% lagta hai oh v 5 cr kamane walo pe....or unke quality of service dikho...or yaha dikho..kabhi bridge humpe girega to kabhi airport...govt hospital pe koi Jana nhi chahta, govt school ki to halat hi mat pucho..for hum puchhte hai ye educated kamane wale log india chhod ke kyu Jaa rahe hai

[FreeCHT]

Tax should be imposed according to the number of people in the family, population will be controlled automatically....

[lakshya]

Sir aapne surcharge galat explain Kiya hai.. surcharge bhi slabs pe lagta hai aapne 10L pe lagake 37k bata diya which is totally wrong it starts from 50L and goes upto 5 Cr. Plz correct it, I am a CA finalist and it really hurts to see people not knowing this till now

[v-rex]

Still 42% is more 😑
Tax lo jarur lo lekin Bihar ko mat dho bridge banane keliye

[rjtv]

Aaj tak tax slab me aya hi nahi.. 😥😥😥 kya hi fayda in Sab chizo ka..

[HarshitSharma-cxxt]

I won't pay tax unless I get equal goods and services in return.

[ARYASHAH]

Nirmala Ji Today : 3 Gunah Lagan Dena Padega 😤😤

[indianpoliticalvideo]

Now the highest surcharge is 25% right? 37% surcharge was removed and brought highest rate to 37.5 and if cess is added its 39...

[rosangapachuau]

As a Northeast Indian, I think the government should stop exempting us from paying income taxes. There are many rich people here who reaps all the benefits of the society while a majority of the population lives in poverty.

[OO-Il]

👍टैक्स कोई देता है और खटाखट खटाखट मुफ्त में घर बैठे किसी और को मिलता है, , टैक्स देने वाले को भी तो सुविधा चाहिए उसकी कोई बात ही नहीं करता सड़क चाहिए उसको अच्छी अच्छा रेलवे चाहिए अच्छी सोच हवा चाहिए अच्छी सुविधा चाहिए जो टैक्स देता है उसको भी तो चाहिए

[yuvrajvaish]

NIRMALA SITARMAN AND EDUCATION MINISTER SHOULD RESIGN