@venkat_fin9 Out of that 97%, how many are actually earning taxable income?
How many are below 25, how many are retired, and how many are in rural areas with no taxable earnings.
The 3% who pay income tax are carrying the weight of the other 97% who benefit from subsidies, and yet they get zero social security in return. One layoff, and you’re practically on the street.
🚨Compliance Calendar – May 2026🚨
1. Income Tax Compliance – May 2026: -
➡️7 May 2026 - TDS Payment
➡️31 May 2026 - TDS Return (Q4) & Form 16A
2. GST Compliance – May 2026: -
➡️10 May 2026 – GST TDS/TCS
➡️11 May 2026 – GSTR-1
➡️13 May 2026 – GSTR-6 (ISD)
➡️20 May 2026 – GSTR-3B, 5 & 5A
➡️25 May 2026 – PMT 06
3. PF & ESI Compliance – May 2026: -
➡️15 May 2026 – Deposit of EPF & ESI
4. MCA (ROC) Compliance – May 2026: -
➡️No Due Date
Honble @nsitharaman ji @FinMinIndia Income tax payer facing Hardship
All data of Filling ITR is Ready but still utility not realsed by @IncomeTaxIndia even after 32 passed over and above starting of Tax Year.
Taxpayer have limited time of just 90 days to file ITR & Due to department inefficiency only 57 Days remained with Taxpayer.
How someone can complete 90 days work in 57 days ???
Kindly intervene in this matter and ask department to release utility without any further delay. so that honest taxpayer give you tax ontime for distribution of Freebies.
Thank You.
Ever noticed that after blocking one number, spam calls or messages start coming from another?
This could be due to Unregistered Telemarketers (UTMs). Blocking their numbers alone is often not enough to stop them.
Let’s understand this👇
@TRAI Disconnection will not materially impact UTM, as SIM cards are often procured using fraudulent documentation. The existing DND framework, being over two decades old, requires a comprehensive reform.
@CAChirag Also, in PPP terms, India is far ahead—around $10,000+ per capita vs ~$7,000–8,000 for Bangladesh—which better reflects actual living standards.
@CAChirag That claim is misleading. As per latest International Monetary Fund projections, India is ahead of Bangladesh in per capita income by 2025–26. Bangladesh only briefly edged ahead during COVID years—this isn’t the current picture.
@CANITINCHAWLA You are missing - if turnover is less than 3 crore and cash transactions are less than 5% - profit declared is 6% - NO TAX AUDIT REQUIRED
@purnveerk9@Call_mearyan@IndianTechGuide This is not done now. The same is being followed since decades.
This is not only in India. The same system is world over.
@Kapil_Jyani_ HNI earning >₹2.5 Cr pay ~39% tax.
Middle class pays ZERO tax on;
• Salary up to ₹12.75L
• Business turnover up to ₹2 Cr
• Professionals up to ₹24L receipts.
भारत में यदि आपकी सालाना आय 1 करोड़ रुपये है…
30% इनकम टैक्स… यानी 30 लाख रुपये…
25% सरचार्ज…. यानी साढ़े सात लाख रुपये…
सेस….. डेढ़ लाख रुपये
मतलब 39 लाख गए टैक्स में… आय बची 61 लाख…
मतलब एक साल में पाँच महीने सरकार के लिए काम किया बाक़ी सात महीने खुद के लिए…
इसके बाद अगर आप कोई कार ख़रीदने गए…
मान लो आप ने महिन्द्रा स्कॉर्पियो ख़रीदी…
गाड़ी की क़ीमत… 16,50,000/-
40% GST… 6,80,000/-
RTO…. 2, 15,000/-
इंश्योरेंस… 90,000/-
TCS, अन्य शुल्क… 35,000/-
गाड़ी घर लेकर जाओगे…. 26,70,000/- रुपये में…
उसके बाद घर ख़रीदने पर….
होम अप्लायंसेज ख़रीदने पर…
खाने पीने पर…
साँस लेने पर…
जीने पर….
सब पर टैक्स ही टैक्स है….!!
@mshahi0024 Unlike China, we have traitors within.
Unlike China, we have hostile neighbours.
We were looted by the British for 200+ years, before that by the Mughals,
and then by Congress for 70 years.
Last 12 years.
China has laid 38000 KM Bullet train track, made 900+ Modern Smart Cities (1 tier to 4tier).
Meanwhile in India, with brute majority, Modi couldn't even make a single Bullet train track.
Not a single Smart City.
ऐसे कौन से पाप किए थे?😭