Middle class people are worst affected and crushed by high taxes in last 10 years.
Subsidized fuel & LPG gone (Even expensive than many US States, Income per capita comparison USD 77k vs 8k of india)
Paying 18% GST on health insurance (When every state/central govt hospital is overcrowded by at least 10 times)
28% GST on two wheelers. (Non metro & Tier 2/3 cities have negligible public transport)
List goes on......
Just be happy and liquidate all your assets, as it is Amrit Kaal
Middle class people are worst affected and crushed by high taxes in last 10 years.
Subsidized fuel & LPG gone (Even expensive than many US States, Income per capita comparison USD 77k vs 8k of india)
Paying 18% GST on health insurance (When every state/central govt hospital is overcrowded by at least 10 times)
28% GST on two wheelers. (Non metro & Tier 2/3 cities have negligible public transport)
List goes on......
Just be happy and liquidate all your assets, as it is Amrit Kaal
Only Population will Rise
Sometimes, its just the feeling which we assume as reality. Sometimes its one sided thinking. Examples, in this thread itself, and let me be clear, do not look at these facts as political statements!!
Example:
1. 28% GST on two wheelers.
With GST, middle class is paying 2% less tax on two wheelers.
https://www.libertyinsurance.in/two-wheeler-ins...
2. 18% GST on health insurance
Pre-GST it was 15% tax on health insurance, now its 18%
3. Subsidized fuel & LPG gone
Petrol price in the capital city over 20 years.
April 2003 33.49/- per liter
April 2014 72.76/- per liter
April 2024 94.72/- per liter
So petrol price increased by more than double in the first 10 years which is not the case in last 10 years.
https://economictimes.indiatimes.com/industry/e...
https://www.aa.com.tr/en/energy/oil/india-to-pa....