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Indians Pay So Many Taxes | மக்கள் கட்டும் வரி பணத்திற்கு என்ன பதில் !
Taxation in India is a complex and critical issue, particularly for the middle class, which often finds itself bearing a disproportionate share of the tax burden. Here’s an overview of the key challenges and concerns associated with the tax system in India:
High Tax Burden on the Middle Class
The Indian tax structure primarily relies on direct taxes like income tax and indirect taxes such as GST (Goods and Services Tax). While the wealthiest may have avenues for tax planning, the salaried middle class often ends up paying a significant share of their income in taxes.
Limited exemptions: Despite recent efforts to simplify tax slabs, exemptions under the new tax regime are limited, which impacts the savings potential of middle-income families.
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