Here is Ashneer Grover's point of view on Tax

🗣️ Ashneer Grover, shares his insights on India's tax system and the role of taxpayers at the prestigious Economic Times CIO Annual Conclave 2023.

Join him as he explores the challenges, opportunities, and the path towards a more efficient and inclusive taxation framework. 💼💰

#ETCIOAC23 #ETCIOConclave #ETCIOConclave2023 #IndustryInsights #GoaGathering #AshneerGrover #KnowledgeNuggets #Doglapan #SharkTankIndia

[gursharandhillon]

He is absolutely right, in India paying tax is a charity where you don't expect anything in return. In charity, at least you earn some goodwill.

[AshishGupta-npld]

I know there are many accusations on him regarding his work at BharatPe, but what he just said now takes BALLS to do. Massive respect

[ThDaniel]

He is right. Tax payers pay at-least 20% to 30% tax, and from the balance net income we have to pay GST on every purchase.
Politicians eat this hard earned money, corruption and freebies are looting the tax payer.

[milanashara]

Indian Tax is punishment for salaried for not becoming entrepreneur or Starting business or staying in India.

[Tradewithdipesh]

Government should give more benefits for the one who pay more taxes...for eg. Free tolls, concession on fuel, subsidy for children education and medical expenses for the high tax payers

[sumitkumar-wgwx]

Ashneer is so right, middle class is fucked

[MrPreet]

He is making absolutely sense … You are doing charity for government

[RD-ijsz]

Problem is : Only salaried people have to pay taxes as compulsion . Rich and Poor will evade / avoid / not required to pay taxes. Most businesses and non salaried people pay taxes to the false minimal extent so that they don't get attention of tax authorities .

[LifeGeneralist]

He is right.
Govt should make sure Businessmen pay the right tax (not under-report income) and Farmers earning above certain bracket pay tax

[SuganthanMadhav]

He is absolutely right. I moved out of India when I paid 8.5L as tax last year with no returns.

[flaminmongrel]

He is not even talking about land registration fee in a land where it's already too expensive they charge about 10-20% of the amount in most cases.

[pumce]

This very true especially in our country where you have no free education and health care, paying 30% direct tax and 20% indirect tax in everything+20% cost of living means basically you earning 30% only as savings. But atleast in countries like US, UK, Canada etc.. they provide free world class education and health care. Here the remaining 30% also goes in healthcare, education, housing etc.. basically we have become labourers for these crook politicians.

[flaminmongrel]

India is one country where I would support the argument in favour of tax evasion by middle class and even other "thefts" which I see as "reclamation" I don't have the balls to do it but I am happy to hear about it in form of rumours every now and then about some guy doing it.

[JaiHind]

Very well said, govt is looting salary middle class 😡😡😡

[rajatsingh]

India should adopt mass taxation policy rather than elite taxation policy and lower GST so that upper middle income and middle income population can get some relief

[raghunandanmutalikdesai]

I fully agree with Ashneer ji. Simple statement of facts without sugar coating in the name of Nation building.
I'm not against paying tax, but it should be equitable to all.
In a country of 130cr plus population, not even 5% are paying taxes and poor Naukarishuda people are shouldering the burden of entire population when it comes to paying taxes.
Ideally, there should not be a double whammy for taxation. Salaried people are paying taxes on income as well as in the form of GST on almost everything.
Why there can't be only one tax, common for all? Let there be no income tax, only consumption tax.

[PiyushKumar-ruio]

I think he is just talking about income tax and not taxes on commodities.

[ranganathpolur]

Someone should file PIL on IT Dept. Why everything cannot be on indirect taxes. No Direct tax.

[mayurchavhan]

In Norway, you pay 50% tax but you will get free healthcare, school and other services. In India you'll get broken roads, less security, high petrol tax, expensive healthcare and if some party provides free services to tax paying people they will call "free ki revadi" where politicians gets free discounts on everywhere and gets black and corruption money (tax payers money) for services where pays their salary from our tax.

[thinkbig]

This is what every corporate employee feels.