👋👋👋🙋🏻♂️Better Now itself we pack our things and go to Pakistan or Bangladesh or Nepal even better! Their PMO and Tax Structure are "even better" than Congress 1947 to 2013. C'mon Chello Chello! 🎉🎉🎉
PMO is targeting to kill middle class salaried people in India. 1. Tax on earning. Tax on spending. Tax on investing. 2. Changes in income tax slab is only Jumla. 3. No changes in 80C and 80D in income tax. 4. Can you imagine 18% GST on health insurance premium. However, 80D slab is still 25K. 5. How they calculate GDP growth is 8%? ? All our FMCG company result shows top line growth is around 2-3%. Means GDP growth can not be 8%. 6. We have voted for BJP. But this budget gave us nothing. Never vote again.
Voting for BJP was not a wise thing at all. This was known when BJP tried to extract tax from EPF during the first budget of their tenure. Luckily the PF policy was rolled back. I wonder why people failed to recognise that move from BJP
Superb analysis by Dr. Subramaniam Swamy, Mr. Swaminathan analysis of 33% low income group contributing big on income taxes, Dr.Arvind Chaturvedi has given a wonderful analysis ,Mr. Ramesh Swamy has given excellent analysis of students studying abroad and the cess charged is not being utilised
Income Tax in Japan_ Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan: _National Income Tax:_ 1. 5% on income up to ¥1.95 million (approximately $18,000 USD) 2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD) 3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD) 4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD) 5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD) 6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD) 7. 45% on income above ¥45 million (approximately $410,000 USD) _Resident Tax (Local Tax):_ In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income. _Other Taxes:_ 1. Consumption Tax (VAT): 10% on goods and services 2. Corporate Tax: 30.62% (effective tax rate)
Dr. Subramanyam is speaking in such a simple english that even a person without any formal education in economics can understand the content of his talk in the budget 2024. A rare quality indeed. He is well versed about the ins and outs of finance and budget issue. He is an authority over the subject of Economics. 👌🙏👍
The goal is not to develop India n its people but to retain power. When people are poor and suffering it is way easier to control them on the basis of religion, free food and HOPE. Jitna Hindu tadpega, marega utna BJP ko vote karega.
Income Tax in Japan_ Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan: _National Income Tax:_ 1. 5% on income up to ¥1.95 million (approximately $18,000 USD) 2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD) 3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD) 4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD) 5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD) 6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD) 7. 45% on income above ¥45 million (approximately $410,000 USD) _Resident Tax (Local Tax):_ In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income. _Other Taxes:_ 1. Consumption Tax (VAT): 10% on goods and services 2. Corporate Tax: 30.62% (effective tax rate)
The BJP's victory in 2014 can be attributed in part to his work in uncovering corruption in the coal and telecom sectors. In recognition of this, they should have offered him the position of Finance Minister. As a salaried professional from the general category, I would prefer not to work in India. Even if I had to pay higher taxes elsewhere, I'd choose that alternative.
The country with the highest income tax is Denmark, with a maximum tax rate of 55.9%. This includes: 1. National income tax: 37.3% to 52.1% 2. Municipal tax: 22.5% to 27.8% 3. Church tax: 0.4% to 1.2% 4. Social security contributions: 10.5% Other countries with high income tax rates include: 1. Sweden: 52.9% 2. Belgium: 50% 3. Finland: 51.2% 4. Iceland: 46.2% 5. Netherlands: 52% 6. Norway: 47.2% 7. Austria: 55% (including social security contributions) 8. Portugal: 48% 9. France: 45% (plus social security contributions) 10. Germany: 45% (plus social security contributions) Note that tax rates can change, and individual circumstances can affect the actual tax rate. Additionally, some countries with high tax rates offer social benefits and public services that might offset the tax burden.
So happy to hear Dr. Swamy's thoughts. It is unfortunate we have hisab kitab people in FM instead of an economist who understands Indian micro and macro.
I totally agree with what Mr Subramanya swamy has shown that the base for measuring growth is now the low of covid time and not their own figured of pre covid times. The inflation rate calculation always has been cumulative. Even if we take 2014 as base and even if the inflation rate is 5 % then the price of anything of rs 100 in 2014 is 10X5x4=200. So it is Rs 300 now
Can the opposition assure that they will scrap or revert all the injustice done by BJP , if they are voted to power? The effect of the current budget will definitely come out in the 4 state assembly election results. Also the opposition should thwart the passing of the capital gains tax bill in the Rajya Sabha to teach a lession.
Very sad that this important podcast got less views, this should be watched by every citizen of this country. Thank You Gentleman for this discussion on a very complex topic explaining it in a very simplistic way and presenting the realty behind it.
The poorest class who rejected kahta khat of Rs 1 lakh and gave 240 MPs are ignored. Even PM Kisan is a meager 6000- per year. Middle class senior citizens pensioners are rejected
I saw many years ago Swami sir's debate with Assadudin , and Assadudin asked Sir , Sir why are you not our Finanace miniter? I was Shocked If Owaisihas this much logic and we as a people can understand what Swami sir is speaking, then Minitery should have appointed him atleast as a consultant, this would have improved India and It would only have made PM image more bigger and bigger...
I am strongly against Bjp and Hindutva being a Nair malayalee myself , however I have been following Dr. Swamy for more than a decade and keenly listen to his opinions on finance. We must abolish income tax. It is imperative.
I have been a BJP voter for the last 5 elections. But I am disappointed with this budget. They have always neglected the middle lass and also Karnataka. Being the only state for BJP to get to power we are always on the receiving end.
To get out of this high unemployment numbers, which is a resource wasted, we need drastic measures, like making 3/shifts mandatory in private and public sectors, and reducing power tariffs as an incentive to manufacture more ,there by bringing down prices, more purchasing power for more people. More opportunities for exports and more GST. Collections .which should be a flat rate of about 5%.
I just want to say middle class how brought bjp now every call that party as " modi government". If you keep on increasing the direct tax. The end is near for Modi government. We need a better leader in the BJP to replace modi the finances minister. 1. abolish income tax will best step to get the trust back. So people start spending more and saving more in bank 2. Reduce the home loan interest below 5 % percentage. 3. Bank saving interest rate will > 8 % 4. Identify the MSME on bases of there productions and quality. Government must support them in becoming large scale. 5. Investment into the Education and health will boost the productivity. There must be modernize. I will be interested to hear back from people thought and suggestions 😅
Banks will go bankrupt by ur wishes 2 and 3. Simple logic... Banks have to charge you more interest on loans than they pay as interest to your deposits. That's where they can provide for expenditures, staff salaries and profits. 😅 Ur wishes invert it. Its not possible. Banks can't pay you more than they earn.
Tax payers should approach SC & challenge freebies distributed by various state govts at tax payers expenses. Swamy should take the case on behalf of taxpayers.
DMK should win in 20260election and teach a lesson to these BJP fellows for taxing the salaried and pensioners and Rental in comes in come from interest . Capital gains .
Even savings interest is added to Taxable income. Tax filing is made very complex especially for Seniors and Pensioners and we are forced to go to CA who charges hefty sum.
Even if someone from the finance ministry watches this video, they won't act. That's how insensitive this government is!! Increasing capital gains, removing indexation, not bothering to do anything for the salaried class, charging GST for anything and everything, providing subpar health and education infrastructure. And hailing this as a budget for VIKSIT BHARAT!!! What a Joke!! Kudos to the hard working salaried class of this nation, that continues to survive and be successful DESPITE THE GOVERNMENT!! It only time that this class of the population moves out of this nation, to get good health & education services for the taxes they pay.
If only this discussion was held prior to working out the Budget of 2024 by PMO, and only if the content of this discussion was given wide publicity, among various sections of thinking cells, it would have a practical impact to make changes in favour of the poor and middle claas people in the country.
Income Tax in Japan_ Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan: _National Income Tax:_ 1. 5% on income up to ¥1.95 million (approximately $18,000 USD) 2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD) 3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD) 4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD) 5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD) 6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD) 7. 45% on income above ¥45 million (approximately $410,000 USD) _Resident Tax (Local Tax):_ In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income. _Other Taxes:_ 1. Consumption Tax (VAT): 10% on goods and services 2. Corporate Tax: 30.62% (effective tax rate)
Right, this Swamy thinks he is super intelligent and others are stupid…..he should maintain his dignity and self respect by being humble and and as an elderly politician.
The opportunity of enhancing income by investing in equity market for ordinary people now attracts not only 20% STCGT but on top of that also Education CESS and also GST and also STT. Again taxed when this money is reinvested say in real eastate.
PM s crystallising his earlier promise of depositing ₹15 lakhs in every individual ‘s bank account. These crystals cannot be eaten, Because they are poisonous.. because they are out of black money generated by the system.
Swamyji, how can indexation be applied retroactively? Can this be challenged? Shouldn’t it be grandfathered till date? Any change should only be prospective. Or one should have both options to choose from. You are the only person who can do this or at least publicly announce. That itself will draw cold feet from the ministry!
Shame to see that bjp having such a great economist but not giving him the job just because he is criticiser of modi bjp is slowly moving towards congress culture
But if everyone gets extra money in hand due to the abolishment of Income Tax then everyone can afford things that makes the price go up to keep things in balance of Supply and Demand. I need some view on this.
I was expecting BJP to do something different, a revolution ary step of replacing income tax system by some other effective tax system like expenditure tax or btt which could be extended to at least thirty three percent of the population
Yes you are right but Modi Ji and Nirmala Ji would allow it to happen, this is a old story, Dr. Subramaniam Swamy is kept away for reasons best known to them.
Rotten Modieconomic policies and budgetary actions in the past 10 years in favour of cronies and over taxing of Janta Janardhan left, right and centre has left impoverished Bharat and Bharatiyas struggling on loans, emis to meet familial responsibilities ends besides shoddy failing and falling infra projects implementation across the country exposes systemic rot and losses taking toll on Janta Janardhan ultimately. Have the people heard credible action against faulting thekha beneficiaries after vasooli electral juice accumulation. Nothing much I presume but for insurance losses of govt insurers who will increase premiums the next year on Janta Janardhan to recoup the losses. Indexation removal on shares and properties should be reversed with immediate effect, remove LTCG on shares, property with limits 50 lakhs in 3 year period, over which 10% LTCG. Limit depreciation on suv, cars to a max value of 15 lakh per vehicle p.a disallow depreciation on higher value cars, suv who use this ploy to reduce income tax. for equitable reliefs. Hope good sense prevails ji before it is too late.🙏.
👋👋👋🙋🏻♂️Better Now itself we pack our things and go to Pakistan or Bangladesh or Nepal even better! Their PMO and Tax Structure are "even better" than Congress 1947 to 2013. C'mon Chello Chello! 🎉🎉🎉
@@dinesh6489 👏👏👏Bcos of Congress govt under I/Gandhi's rule... over thirty thousand sikhs, women and the children were killed in 1984. The country was under Emergcy for Two Years. From 1947 to 2013 the country was 8 times under recession... 6 times under famine.
@@dinesh6489 ➢Hi dude! Lets prove the level of your intelligence by proving "facts and numbers" to your claim i.e how do "Pakistan and Bangladesh are better than India at present (BJP)" in the context of their GDP, %Inflation, %Growth & Forex Reserves.
India need professional economists group to work on the reform. Present FM even don't suits with the position she hold...Modi Govt is just trying to extract more and more from middle class...unfortunately Modiji don't hv any experience on economics and neither he has any good team of economist to support abd formulate the right policy...
But Dr. Swamy, who will replace Modi, imagine Amul Baby becoming the PM (Yechuri becoming the advisor ) and the likes of Chidambaram and Marans becoming key policy makers. In my opinion, due to the lack of a suitable replacement , Modi the best under current circumstances.
Swaminathan's opinion about 0-5lac income bracket group contributing larger % of total tax collected than the 50l-5crore income bracket group is a bit misleading. By his own chart there are 2.55crore ppl in the 0-5lacs incone bracket whereas there are only 1.1lac ppl in the 50lac-5crore income bracket. Roughly a ratio of 250: 1. So its not right to compare groups when group sizes are not the same. However I can't believe that the whole country has only 1.1lac ppl with income in the range 50lac- 5cr. Each metro or large city will have as many. Govt needs to do a better job at getting those hiding income come out .. probably by halving taxes for every one..
growth is always calculated on riches not growing riches. 80cr #indians have zero gold ? narsimha rao doubled the dollar rate in india from 17 to 36. #ECONOMY: Dr #SubramanianSwamy
With all the taxes, the back of the middle class is broken so badly, that they cannot dream of any savings, for different contingencies in their life. Adding to this financial burden, the middle class people suffer mentally with all sorts of worries to the credit of BJP-led NDA government.
I am changing my mind now for a better government ❤❤ it's enough to handle such pressure for a middle class 😞
it is too late now
@@winfredj9820Yes, it's too late. And 5years till 2029 will be toooooooo costly for our future, our children's future and the entire nation's future
👋👋👋🙋🏻♂️Better Now itself we pack our things and go to Pakistan or Bangladesh or Nepal even better! Their PMO and Tax Structure are "even better" than Congress 1947 to 2013. C'mon Chello Chello! 🎉🎉🎉
What u want british national rahul khan ??
I wish Dr Swamy was our FM
He is the only one who said PIT should be abolished as he understands economy well
Modi will not make him FM because Dr. Swamy will become a hero.
@@jacobcheriyan 2000% agreed with your statement this man trust me can do wonders and our PM don't want this
How do you join this podcast/stream?
@@jacobcheriyanI 100% agree but anyone is better than congress and don’t forget he got down Atal ji’s gov down
PMO is targeting to kill middle class salaried people in India.
1. Tax on earning. Tax on spending. Tax on investing.
2. Changes in income tax slab is only Jumla.
3. No changes in 80C and 80D in income tax.
4. Can you imagine 18% GST on health insurance premium. However, 80D slab is still 25K.
5. How they calculate GDP growth is 8%? ? All our FMCG company result shows top line growth is around 2-3%. Means GDP growth can not be 8%.
6. We have voted for BJP. But this budget gave us nothing. Never vote again.
Voting for BJP was not a wise thing at all. This was known when BJP tried to extract tax from EPF during the first budget of their tenure. Luckily the PF policy was rolled back. I wonder why people failed to recognise that move from BJP
42:39
@@beena2a absolutely correct
It is ironic that he won because of the Middle Class
@@yj9032 i think middle class will not vote them again
Great to see Dr Swami with his words of wisdom.
Superb analysis by Dr. Subramaniam Swamy, Mr. Swaminathan analysis of 33% low income group contributing big on income taxes, Dr.Arvind Chaturvedi has given a wonderful analysis ,Mr. Ramesh Swamy has given excellent analysis of students studying abroad and the cess charged is not being utilised
I feel it is better that Dr. Swamy meet and convince Modi Ji and Nirmala Ji in the interest of the country.
Abolishing Personal Income Tax..is great idea..which will in turn will get extra for real spender..
Income Tax in Japan_
Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan:
_National Income Tax:_
1. 5% on income up to ¥1.95 million (approximately $18,000 USD)
2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD)
3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD)
4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD)
5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD)
6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD)
7. 45% on income above ¥45 million (approximately $410,000 USD)
_Resident Tax (Local Tax):_
In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income.
_Other Taxes:_
1. Consumption Tax (VAT): 10% on goods and services
2. Corporate Tax: 30.62% (effective tax rate)
Dr. Subramanyam is speaking in such a simple english that even a person without any formal education in economics can understand the content of his talk in the budget 2024. A rare quality indeed. He is well versed about the ins and outs of finance and budget issue. He is an authority over the subject of Economics.
👌🙏👍
One of the most easily understandable language used to explain the reality of the budget.
The goal is not to develop India n its people but to retain power. When people are poor and suffering it is way easier to control them on the basis of religion, free food and HOPE. Jitna Hindu tadpega, marega utna BJP ko vote karega.
Tax like Europe, services like afganistan.
Nope its like somalia
Fortunately ,he is in India.
Brilliant person 🙏🙏🙏
He is old with outdated opinion.
Kindly take up the matter regarding capital gains tax. The indexation may please be restored.
If there is no I.T there won’t be tax collectors the dept. will be closed and that is a saving in its self.
Income Tax in Japan_
Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan:
_National Income Tax:_
1. 5% on income up to ¥1.95 million (approximately $18,000 USD)
2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD)
3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD)
4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD)
5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD)
6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD)
7. 45% on income above ¥45 million (approximately $410,000 USD)
_Resident Tax (Local Tax):_
In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income.
_Other Taxes:_
1. Consumption Tax (VAT): 10% on goods and services
2. Corporate Tax: 30.62% (effective tax rate)
PLS note both STCGT and LTCGT also attract education CESS and GST.
The BJP's victory in 2014 can be attributed in part to his work in uncovering corruption in the coal and telecom sectors.
In recognition of this, they should have offered him the position of Finance Minister.
As a salaried professional from the general category, I would prefer not to work in India. Even if I had to pay higher taxes elsewhere, I'd choose that alternative.
Nothing wrong was found in telecom or coal scams. The biggest fraud since 1947 was Election bonds.
The country with the highest income tax is Denmark, with a maximum tax rate of 55.9%. This includes:
1. National income tax: 37.3% to 52.1%
2. Municipal tax: 22.5% to 27.8%
3. Church tax: 0.4% to 1.2%
4. Social security contributions: 10.5%
Other countries with high income tax rates include:
1. Sweden: 52.9%
2. Belgium: 50%
3. Finland: 51.2%
4. Iceland: 46.2%
5. Netherlands: 52%
6. Norway: 47.2%
7. Austria: 55% (including social security contributions)
8. Portugal: 48%
9. France: 45% (plus social security contributions)
10. Germany: 45% (plus social security contributions)
Note that tax rates can change, and individual circumstances can affect the actual tax rate. Additionally, some countries with high tax rates offer social benefits and public services that might offset the tax burden.
Like PLI government efficiency should be evaluated by independent body and citizens should pay tax according to efficiency of government…
So happy to hear Dr. Swamy's thoughts. It is unfortunate we have hisab kitab people in FM instead of an economist who understands Indian micro and macro.
I totally agree with what Mr Subramanya swamy has shown that the base for measuring growth is now the low of covid time and not their own figured of pre covid times. The inflation rate calculation always has been cumulative. Even if we take 2014 as base and even if the inflation rate is 5 % then the price of anything of rs 100 in 2014 is 10X5x4=200. So it is Rs 300 now
Can the opposition assure that they will scrap or revert all the injustice done by BJP , if they are voted to power? The effect of the current budget will definitely come out in the 4 state assembly election results. Also the opposition should thwart the passing of the capital gains tax bill in the Rajya Sabha to teach a lession.
They will not promise, because its their chance to rob us
Mr. Swamy is every time nostalgic about 1991.
Chaturvedi Sir, beautiful statistics. An eye opener for Govt..
Let the bureaucrats take pension without DA which is a indexation barometer to adjust the pension for cost of living
No single scholar in present government who knows economy
Excellent and realistic analysis. Thanks for enlightening viewers.please keep it up.
Very sad that this important podcast got less views, this should be watched by every citizen of this country.
Thank You Gentleman for this discussion on a very complex topic explaining it in a very simplistic way and presenting the realty behind it.
Swamy the modern Bhisma serves as the moral compass guiding us towards dharma
The poorest class who rejected kahta khat of Rs 1 lakh and gave 240 MPs are ignored. Even PM Kisan is a meager 6000- per year. Middle class senior citizens pensioners are rejected
Time for transaction tax to supersede personal income tax🎉
I saw many years ago Swami sir's debate with Assadudin , and Assadudin asked Sir , Sir why are you not our Finanace miniter? I was Shocked If Owaisihas this much logic and we as a people can understand what Swami sir is speaking, then Minitery should have appointed him atleast as a consultant, this would have improved India and It would only have made PM image more bigger and bigger...
ll Jay Shree Ganesha! ll
I am strongly against Bjp and Hindutva being a Nair malayalee myself , however I have been following Dr. Swamy for more than a decade and keenly listen to his opinions on finance. We must abolish income tax. It is imperative.
I have been a BJP voter for the last 5 elections. But I am disappointed with this budget. They have always neglected the middle lass and also Karnataka. Being the only state for BJP to get to power we are always on the receiving end.
Govt rightly saying that their prayority is youth poor middle class mahila but not in progress but how can they down them insult them
Great video
Intellectual treat on the budget..finer details explained esp about allocation for education. Internship calculations .. nexus. Thank you
To get out of this high unemployment numbers, which is a resource wasted, we need drastic measures, like making 3/shifts mandatory in private and public sectors, and reducing power tariffs as an incentive to manufacture more ,there by bringing down prices, more purchasing power for more people. More opportunities for exports and more GST. Collections .which should be a flat rate of about 5%.
Very nice observations
Swamy may have wishful thinking , but the sadistic Income tax officials will not allow him to remove the income tax.
ll Har Har Mahadev! ll
Dr Swami, please save merit in J&K. The reservation has been set to 70% and meritorious candidates are being given 30%. Please 🙏.
ll Jay Shree Raam! ll
I also sir should come.
Education in India is going backwards .Today education is the worst in India.students prefer to go abroad for studies and employment.
I just want to say middle class how brought bjp now every call that party as " modi government". If you keep on increasing the direct tax. The end is near for Modi government. We need a better leader in the BJP to replace modi the finances minister.
1. abolish income tax will best step to get the trust back. So people start spending more and saving more in bank
2. Reduce the home loan interest below 5 % percentage.
3. Bank saving interest rate will > 8 %
4. Identify the MSME on bases of there productions and quality. Government must support them in becoming large scale.
5. Investment into the Education and health will boost the productivity. There must be modernize.
I will be interested to hear back from people thought and suggestions 😅
Banks will go bankrupt by ur wishes 2 and 3. Simple logic... Banks have to charge you more interest on loans than they pay as interest to your deposits. That's where they can provide for expenditures, staff salaries and profits. 😅 Ur wishes invert it. Its not possible. Banks can't pay you more than they earn.
@@aravindsathyanarayana3256 there something call a repo rate and MSF.
I'm ready for your suggestion.
Tax payers should approach SC & challenge freebies distributed by various state govts at tax payers expenses. Swamy should take the case on behalf of taxpayers.
Middle class ka mudda uthana chaiye
DMK should win in 20260election and teach a lesson to these BJP fellows for taxing the salaried and pensioners and Rental in comes in come from interest . Capital gains .
Bro, dmk is limited to tn, only central can make rules
Modi & Nirmala should watch this video multiple times.
Sir out of total income generated by GOI 30% comes from income tax and other direct taxes. Then how can GOI abolish IT
Even savings interest is added to Taxable income. Tax filing is made very complex especially for Seniors and Pensioners and we are forced to go to CA who charges hefty sum.
Jai ho Dr Swamy 🙏
Let Dr Swamy facilitate Nirmala Ji!
Nonsense.He should not display his frustration for not getting attention from the Govt.
Even if someone from the finance ministry watches this video, they won't act. That's how insensitive this government is!! Increasing capital gains, removing indexation, not bothering to do anything for the salaried class, charging GST for anything and everything, providing subpar health and education infrastructure. And hailing this as a budget for VIKSIT BHARAT!!! What a Joke!!
Kudos to the hard working salaried class of this nation, that continues to survive and be successful DESPITE THE GOVERNMENT!! It only time that this class of the population moves out of this nation, to get good health & education services for the taxes they pay.
HOW TO INCREASE PER CAPITA INCOME??????
Manufacturing Export and Less dependent on oil & natural gas
Be an entrepreneur, create awesome products. AND make Modi sell your products
Thanks!!👍
If only this discussion was held prior to working out the Budget of 2024 by PMO, and only if the content of this discussion was given wide publicity, among various sections of thinking cells, it would have a practical impact to make changes in favour of the poor and middle claas people in the country.
Change people managing the govt to experts and people friendly
Tax reduction in Gold to reduce gold rates so that redemption in SGB will reduce benefits to government loss to SGB holders 😂😂😂
What is the assurance the other Govt. will follow VHS?
Income Tax in Japan_
Japan has a progressive income tax system, with tax rates ranging from 5% to 45%. The tax year in Japan is from January 1 to December 31. Here's a breakdown of the income tax rates in Japan:
_National Income Tax:_
1. 5% on income up to ¥1.95 million (approximately $18,000 USD)
2. 10% on income between ¥1.95 million and ¥3.3 million (approximately $30,000 USD)
3. 20% on income between ¥3.3 million and ¥6.95 million (approximately $63,000 USD)
4. 23% on income between ¥6.95 million and ¥9 million (approximately $82,000 USD)
5. 33% on income between ¥9 million and ¥18 million (approximately $164,000 USD)
6. 40% on income between ¥18 million and ¥45 million (approximately $410,000 USD)
7. 45% on income above ¥45 million (approximately $410,000 USD)
_Resident Tax (Local Tax):_
In addition to national income tax, residents are also subject to a local tax, known as "resident tax," which ranges from 6% to 14% of their income.
_Other Taxes:_
1. Consumption Tax (VAT): 10% on goods and services
2. Corporate Tax: 30.62% (effective tax rate)
Opening clip reminded of the promise and prove he is a serial liar
Pro Govt. economist should definitely put their statistics.
ll Jay Yogeshvar Shree Krishna! ll
ll Jay Bajrang Bali! Jay Hanumaan! Seetaa Raam! ll
If banks pay 10 % on deposits it will then charge 14% , at least, on all loans.
India cannot be changed by one single person said by Lee Kwan yew
Right, this Swamy thinks he is super intelligent and others are stupid…..he should maintain his dignity and self respect by being humble and and as an elderly politician.
FM buys only gold silver. She does not eat meat, fish or onions
The opportunity of enhancing income by investing in equity market for ordinary people now attracts not only 20% STCGT but on top of that also Education CESS and also GST and also STT. Again taxed when this money is reinvested say in real eastate.
Unless Modiji is replaced by somebody
Scholarl pm,bad days are ahead.
PM s crystallising his earlier promise of depositing ₹15 lakhs in every individual ‘s bank account.
These crystals cannot be eaten, Because they are poisonous.. because they are out of black money generated by the system.
Swamyji, how can indexation be applied retroactively? Can this be challenged?
Shouldn’t it be grandfathered till date?
Any change should only be prospective. Or one should have both options to choose from.
You are the only person who can do this or at least publicly announce. That itself will draw cold feet from the ministry!
Shame to see that bjp having such a great economist but not giving him the job just because he is criticiser of modi bjp is slowly moving towards congress culture
Chidambaram was a brillaint man, although corrupt. Nirmala and modi are utterly incompetent
2029 BJP will be in two digits and BJP to be blamed for this 😂😂😂😂😂
Dusk is getting dark
Time to sell
But if everyone gets extra money in hand due to the abolishment of Income Tax then everyone can afford things that makes the price go up to keep things in balance of Supply and Demand. I need some view on this.
I was expecting BJP to do something different, a revolution ary step of replacing income tax system by some other effective tax system like expenditure tax or btt which could be extended to at least thirty three percent of the population
It's true markets didn't react to the budget
Do a dharna ill join u❤❤🎉🎉 financial dharna
I was respecting Swamy holeheartedly but the moment he said he finds no fault with mamata and jagan for flimsy RS ticket I lost hope of him.
He is one cunning Muslim
Yes you are right but Modi Ji and Nirmala Ji would allow it to happen, this is a old story, Dr. Subramaniam Swamy is kept away for reasons best known to them.
Rotten Modieconomic policies and budgetary actions in the past 10 years in favour of cronies and over taxing of Janta Janardhan left, right and centre has left impoverished Bharat and Bharatiyas struggling on loans, emis to meet familial responsibilities ends besides shoddy failing and falling infra projects implementation across the country exposes systemic rot and losses taking toll on Janta Janardhan ultimately. Have the people heard credible action against faulting thekha beneficiaries after vasooli electral juice accumulation. Nothing much I presume but for insurance losses of govt insurers who will increase premiums the next year on Janta Janardhan to recoup the losses. Indexation removal on shares and properties should be reversed with immediate effect, remove LTCG on shares, property with limits 50 lakhs in 3 year period, over which 10% LTCG. Limit depreciation on suv, cars to a max value of 15 lakh per vehicle p.a disallow depreciation on higher value cars, suv who use this ploy to reduce income tax. for equitable reliefs. Hope good sense prevails ji before it is too late.🙏.
Modinomics is nothing but real capitalist or you can say corporatonomics
Sadly they will never allow him to be FM.
Ohh i did that i did this all your life
Abolish income tax, true
My brother donated to PMCares fund w.r.t Covid. No idea how it was utilized. :(
I would like to translate Reset in Kannada. How do we connect on this?
Cancel this budget and want swamy budget for india
Dr. Swamy correct as always. Modi ji has lost my sympathies at least.
👋👋👋🙋🏻♂️Better Now itself we pack our things and go to Pakistan or Bangladesh or Nepal even better! Their PMO and Tax Structure are "even better" than Congress 1947 to 2013. C'mon Chello Chello! 🎉🎉🎉
If BJP ruled India from 1947 😂😂 It would be another Pakistan/Bangladesh and even worsen 🤦
@@dinesh6489
👏👏👏Bcos of Congress govt under I/Gandhi's rule... over thirty thousand sikhs, women and the children were killed in 1984. The country was under Emergcy for Two Years. From 1947 to 2013 the country was 8 times under recession... 6 times under famine.
@@dinesh6489
➢Hi dude! Lets prove the level of your intelligence by proving "facts and numbers" to your claim i.e how do "Pakistan and Bangladesh are better than India at present (BJP)" in the context of their GDP, %Inflation, %Growth & Forex Reserves.
Theres a line in telugu " sommu okadidhi soku okadidhi"
India need professional economists group to work on the reform. Present FM even don't suits with the position she hold...Modi Govt is just trying to extract more and more from middle class...unfortunately Modiji don't hv any experience on economics and neither he has any good team of economist to support abd formulate the right policy...
Best bjp neta
No fear
Real nation lover🔥
But Dr. Swamy, who will replace Modi, imagine Amul Baby becoming the PM (Yechuri becoming the advisor ) and the likes of Chidambaram and Marans becoming key policy makers. In my opinion, due to the lack of a suitable replacement , Modi the best under current circumstances.
😂 Enough of this Fake image. If he is so capable why he didn't want to speak one on one with Rahul??
Swaminathan's opinion about 0-5lac income bracket group contributing larger % of total tax collected than the 50l-5crore income bracket group is a bit misleading. By his own chart there are 2.55crore ppl in the 0-5lacs incone bracket whereas there are only 1.1lac ppl in the 50lac-5crore income bracket. Roughly a ratio of 250: 1. So its not right to compare groups when group sizes are not the same.
However I can't believe that the whole country has only 1.1lac ppl with income in the range 50lac- 5cr. Each metro or large city will have as many. Govt needs to do a better job at getting those hiding income come out .. probably by halving taxes for every one..
This Government lack competent and qualified Ministers coupled with a poor set of bureaucrats.
inko left wale nahi sunte, na hi right wale
growth is always calculated on riches not growing riches.
80cr #indians have zero gold ?
narsimha rao doubled the dollar rate in india from 17 to 36.
#ECONOMY: Dr #SubramanianSwamy
Its nda not bjp nowadays 😊
With all the taxes, the back of the middle class is broken so badly, that they cannot dream of any savings, for different contingencies in their life. Adding to this financial burden, the middle class people suffer mentally with all sorts of worries to the credit of BJP-led NDA government.
Swami ji please do something to save BJP and remove Modi ji …