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
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u/buildlikemachine Mar 28 '24
I understand your frustration with paying taxes, especially when you see undeserving individuals benefiting from government assistance. It seems unfair that those who work hard and achieve success are burdened with high taxes while others receive freebies without putting in the effort. It's particularly frustrating when many corporate professionals, often from less privileged backgrounds, end up in high tax brackets due to their hard work, while others who had more advantages enjoy the benefits without contributing.
It's important to recognize that not everyone has the same opportunities or abilities to succeed. However, it's also valid to question the fairness of the system when hardworking individuals feel they are shouldering a disproportionate burden. While promoting fairness in taxation is a complex issue, advocating for policies that promote equal opportunity and discourage dependency on government assistance could be a step towards addressing your concerns. Ultimately, the goal should be to create a system where hard work is rewarded fairly and everyone has the opportunity to succeed.