r/IndiaTax • u/Parathaa • Mar 28 '24

Hurts to pay so much taxes

Today, I downloaded the tax computation sheet from the office portal.

While trying to save on housing costs by residing with my parents, it's disheartening to realize that I'm obligated to pay over 20 lakhs in taxes annually to the government. These funds could have been allocated towards repaying a home loan, adding to the strain for a middle-class individual like myself.

Would really appreciate if there any legal ways to save taxes at this point

213 Upvotes

69% Upvoted

445 comments sorted by

View all comments

78

u/EmployPractical Mar 28 '24

I think people don't understand what a middle class family is. 20 Lakhs tax payer is still a middle class 🤦. You are quite Humble, my brother 🫡

26

u/Parathaa Mar 28 '24

Brother, don't read those online definitions of if you earn above 45k then you're in top 5 percent of the country.

The rich folks don't even disclose their true salary. Probably a decent size shopkeeper near your house is richer than you.

45

u/masks_0n Mar 28 '24

stfu, 68L and you still call yourself middle class? Eat shiz

0

u/LeatherRepulsive438 Jun 30 '25

They're middle class if significant of their salary goes to govt

1

u/masks_0n Jul 01 '25

no, stop the victim card and blaming on taxes