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What are you expecting this Budget ?

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Rosh_0007
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While there is no official announcement on the date of the presentation of the Union Budget, media reports suggested that Finance Minister Nirmala Sitharaman will table the Budget in the third week of July, with the commencement of the Monsoon Session of the Parliament. The Monsoon Session is set to begin on July 22, per sources. The session is likely to continue until August 9..

I feel,

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Also , 18% GST. Other educational services like provision of books, uniforms, transportation – 5% GST

What should be improve according to you ?

Let's discuss in comment!

Note - Please don't make it political.

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Cool Cool
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Necessity and Luxury Differs from Person to Person

Deal Lieutenant Deal Lieutenant
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P.S to the post Note: no offense hmmm how can we avoid political when this question of budget (govt. hidden agenda is political) itself is political ???? hmm its kinda paradox

Rosh_0007

i mean if we gave any "good answer" its polticial (remember budget is political agenda in the name of countries welfare), but the post condition you have mentioned is "dont make political" -> which makes one not able to give "exact answer" for the given question xD

hmm example, like hmm make 5% this and 12% that and 18% this and 27% that... is not a good answer in my opinion (without background reasoning and that background reasoning will get political - matter of fact)

paradox, hmm sad paradox

(again no offense)

Hunk Hunk
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I am expecting more tax burden by this government.

Deal Subedar Deal Subedar
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You can expect this from any govt.
Jjust Yesterday Karnataka increased ~4 Rs. in Petrol and also planning to increase price of public transport.
Now do think when this party comes to Central govt, they will decrease tax?

You can not get relief from tax under any govt. Just think how to earn more money.
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Deal Newbie Deal Newbie
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Shit

Comrade Comrade
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i expected 50 tax increase medium family become begger .

Deal Cadet Deal Cadet
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It's already started, they have passed some bills while the opposition party was suspended and just saw amul got high, the road got high, so we are just getting more taxes nothing else.

Deal Newbie Deal Newbie
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Flat 20 percent tax! Relaxation till 10L. joy

Deal Newbie Deal Newbie
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For me relaxation till 1.6 cr stuck_out_tongue stuck_out_tongue stuck_out_tongue

Deal Lieutenant Deal Lieutenant
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Expectations Hurt 🤕🤕🤕🤕🤕

Deal Newbie Deal Newbie
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My suggestion and recommendations would be to bring the petrol and diesel under new premium gst say even 48% with this petrol may not cross 70-80 in any state

Deal Subedar Deal Subedar
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I expect everyone to understand the budget in its entirety meaning tax structures, money needed to improve/maintain infra, money needed for various schemes to uplift those who can't even afford basics like food & shelter. Basically P&L kind of statement. 

Its easy to say reduce tax on this and that without understanding financial position. 

Example:
1. No money to buy fighter jets, says defense minister AK Antony >> I don't want my country to be in this state!
https://www.indiatoday.in/india/video/ak-antony...

From no money for the most critical & essential asset, to buying following in the first 5 years. >> I want my country to be in this state.

S400 Air Defense System:

https://www.businesstoday.in/latest/economy-pol...

Rafale fighter jet:

https://www.livemint.com/Politics/evf5K6CXgBWob...

Will I as an individual be happy to pay less taxes and save my hard owned money? -- Hell Yes

Do I put nation first and ready to contribute in whatever means and ways? -- YES

As far as defining 'Essentials' goes, meaning of 'essentials' changes at every financial level 😊

If my 18% tax on insurance enables the Govt. to insure large population who is still struggling to meet ends, with just Rs.1/- per month, I'm happy.

Cool Cool
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Even though I agree with all of the above, the current tax structure does not make sense. There has been hardly any increase in the tax slabs for last decade. Does the govt means to say that there is no inflation or there has been negligible increase in rates of daily commodity item. The govt should remember that they should be working for all and not only for ultra poor and ultra rich.
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Deal Cadet Deal Cadet
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Govt wants to make us (middle class) people as beggars who collect money and give it to govt.

Yaar ultra rich people se lo na tax... itni chull hai toh!

Deal Cadet Deal Cadet
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Sarkaar ko hatane ki voting karwao koi... I mistakenly gave vote to BJP 😢. Nhi toh 5 saal ye khoon chusegi.

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Deal Subedar Deal Subedar
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No Income Tax

No Capital Gains Tax

Standardise tax say 20-25% on all items on expenditure.

Cool Cool
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After reading all the comments, it looks like the most sensible option to save taxes is to move out of India or become citizen of Sikkim state. The current government is hell bent on taxing the salaried class.

Critic Critic
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Public ne aukaat dikha di hai to kuch to accha expect kr skte hain common man ke liye smile

Deal Cadet Deal Cadet
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post-images-loader

Deal Cadet Deal Cadet
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More tax. What else to expect?😬

Deal Cadet Deal Cadet
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Make tax slab rate common for everyone irrespective of the salary bracket

Deal Cadet Deal Cadet
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Content Removed.

WARNING @iffatkhatoon98 political discussion is not allowed in forum.

Deal Subedar Deal Subedar
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.

Deal Newbie Deal Newbie
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Govt is divesting all the profitable businesses. Now only source of income will be taxation. 
But the point is, Is it benefiting anything to taxpayers?
Taxpayers are treated like clowns!!!! 
and they keep sending notices to this segment of people rather than people who haven't filed at all. 

Deal Cadet Deal Cadet
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To stop eating onion and garlic just like our FM....

Deal Cadet Deal Cadet
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Dissappointment

Blaze Blaze
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We are free to expect anything but we will get only no_bell by our dear Modi ji

Deal Cadet Deal Cadet
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increase income tax to 80% for all, already 85 crore are under free ration.

let everyone stop working also not enough jobs, so make 145 crore people free ration.

no one should work else they have to feed 10 others from their hard work, enjoy free ration everyone.

Comrade Comrade
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waisa chalre waise chalne dey

The PostMighty The PostMighty
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I don't have any expectations... During British era we had Lagaan , then in 80s-90s hafta wasooli and now modern legalised taxation system ..at the end , if one sees clearly all are same! Extract money from hard working people without giving any benefit to them!

Deal Lieutenant Deal Lieutenant
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no_bell

Generous Generous
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Put politicians under 30% + cess bracket no matter their income.

Jail all politicians and govt officials who are caught doing corruption and have insane amounts of wealth that doesn't tally with their income. 

Deal Cadet Deal Cadet
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Ye toh pakka hona chahiye...
Savings Mentor Savings Mentor
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Some deductions under new tax regime are a must especially PPF

And how about no GST on RuPay debit card annual charges?

But these are just pipe dreams

Helpful Helpful
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🖕

Deal Cadet Deal Cadet
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Kya bawaal hai... kuch na deti sarkaar...

agar dena hi hai... 

  1. toh corporate tax ko 10% pe le aaye and personal tax ko 0 kar de below 1 crore and 10 % above that...
  2. digitisation of land records... 
  3. clearance and grievance portals for procuring lands... 
  4. tax on farming income above 1 crore

income tax bhi dete hai hum and us paise se khareedte hai kuch toh fir se gst, stt, surcharge etc. le leti hai govt.

taxed income pe bhi tax do... sarkaar ka bas na chale.. warna kahe... le do roti... aur gadhe ki tarah jut 😿 and paisa de

Agar income tax kam hoga toh... there will be more profit coming to individuals and people will try to earn more and spend more.

Regarding tax... I feel there is no proper use/benefit of tax that we get... just give some freebies and win elections... 

Deal Cadet Deal Cadet
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One Nation One GST Rate of 27% on everything as per Hindustan 27 Nakshatras

Helpful Helpful
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GST ON crude oil

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