‘Finance Ministry Treats You Like…’: Mohandas Pai Has This Request For PM Modi | Budget 2024

In less than a week, Modi 3.0’s maiden budget will be presented by Finance Minister Nirmala Sitharaman, but there’s distress on the jobs front, the number of rich surrendering their Indian passports is likely to end at a figure higher than last. The middle class wants a break. In this exclusive interview, Mohandas Pai, Chairman of Aarin Capital talks about the industry, middle class, and startups’ expectations. Watch the full interview to know more.

#mohandaspai #budget2024 #modigovernment #nirmalasitharaman #financeministernirmalasitharaman #incometaxslab #budgetexpectations #angeltax

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[madhun]

Our FM is insensitive to middle-class paint points, inflation and high direct tax is torturing us.

[DESERTYT-kfdn]

This is the ground reality for middle class in India. This is the right time to look beyond middle class and foucs on corporate india, rich and ultra rich. Every time middle class is being taxed heavily.

[Mdevendra]

We need Mr. Pai as FM not bureaucrat kind of Mrs. Nirmala Sitharaman

[JohnnyRotten-ufxw]

Love this, we need more industrialists in positions of power than unproductive caste-based politicians who have never worked a real job. Mr Pai should run for office please.

[sarathchand]

Very well said. Modi ji hasn’t been up to the mark in controlling Nirmala Sitaraman making stupid taxation policies. The middle class is paying 30% tax. What’s left to eat or save after that? We are all a family of 4 & 2 dependant parents. Modi ji please save us from taxes. I guess the country already has adequate money. More taxes goes into pockets of corrupt politicians. What’s the use of that?

[nn]

Brilliant !!! Mohandas Sir Backs each stmt with data !!

[RKV]

education and health is not for Nirmala ji

[jyothikumar]

More middle class must raise voice.
Nirmala is useless, rightly said, PM must walk the talk.

[qlxkcyz]

Thanks. This is the dilemma we middle class pensioners face.
Even mutual funds capital gains tax needs a relook for the pensioners.
Wish Mohan Das Pai would write to PM on behalf of all of us.. The middle class always suffers.
Wonder now can Sitharaman do any changes, the budget must be ready and waiting for 23rd speech right???

[bidyasagarboruah]

Tax terrorism is the correct word only the sufferer will understand. I have a family of 4 to support from my salary, but the government tax policy is so stupid paying 30% tax from hard earned salary is like extrotion only by the government.

[vaibhavpatil]

Kick the person out who initially suggested Sitharaman as FM first

[LiveInPeace]

Thank you so much for raising this issue. Throughout our careers we the salaried class would have easily paid a couple of crores in income tax, let alone all other taxes. After paying so much taxes, god forbid something happens to the main bread earner we cannot expect anything from Government. At least we don’t have good road infrastructure, except for the main roads. Garbage being dumped on street, raising healthcare costs, rising educational costs. The constant pressure of carrying the tax burden is back breaking. At least this man has raised this issue, enough of glorifying the PM. He is the chief public servant at the end of the day, not god or even our father or grandfather.

[nishithpadman]

Modiji lost contact with common Indians. GST is breaking the back of Indians. FM has no sense.

[vichu]

Brilliant... Truly upsetting.. To see middle class 2-3 % pay taxes... What kind of equality is that? Additional to TDS... We have to pay 18-22% GST....

I STOPPED BUYING anything but essentials.

People have crore spent in wedding... This is slowly looking like a African country.

One fracture for a senior at home and school fee is killing us.... If I could I would leave India. 😢

[sureshiyengar]

Sir pai, why do you waste time, BJP is going to tax only middle-class people. They will harass only form 16 middle class people. At least they should take advice of Dr. subramany swamy .

[shubchatt]

Nothing will change. Life will continue as usual 😌. Sad but true. I agree with Mr. Pai, that agencies have tremendous power which is often misused.

[prabhakarguptas.]

Tax Administration is not fair and unreasonable and unfriendly. Look at LTCG on shares and MF 's. And Next is AIS with full of Mistakes and double entries and even updation till June middle. If there is mismatch and does not tally, you may get IT notice, scare from news report.

[anishmathew]

Mohandas Pai - pride of India. Pinpoint accuracy with facts and data to back up each statement ❤❤❤

[shanmugamkannan]

As subramania swamy said all IT should be removed. All citizens are paying from 5 to 28 % taxes in the name of GST. No limit. So govt should stop IT.

[manthramurthy]

Middle class pay tax honestly and also vote for Modiji the PM distribute to the so called farmers who don't even vote for PM please wake up..😂