A young working professional recently took to social media to express his dismay over the exorbitant amount of money he is forced to pay as taxes.
Sanchit Goyal, a category manager with Flipkart, in a tweet, said he earned Rs 5,000 today, 30 per cent of which he had to give as tax.
"I thought of buying some caffeinated beverages from the remaining money & had to give 28% as tax," he wrote.
He said he realised that he is working 12 hours a day just to pay more than 50 per cent of his income to the government.
A Twitter user observed that the finance minister is working 18 hours to determine how 100 per cent of the income can be taxed.
FM is working for 18 hrs to determine how to tax 100% of your income so that you don’t get worried about investing, safety of money, getting married, having kids, buying a home etc and work for 24 hrs without pay, that is Ram-Rajya when they wud like you believe we will dole you
— Ramesh K Iyer (@rameshkiyer) July 16, 2023
When a user said this situation will be even worse if you want to play casino, Goyal responded: "If I win I have to pay taxes, if I lose, it's my loss completely."
Tax earned by Government on Rs 20 choco-bar:
— Sanchit Goyal (@sanchitg14) July 18, 2023
18% GST by end customer - Rs 3.6
Calculated on unit economics-
18% on Sugar - Rs 0.36
18% on Cocoa - Rs 0.9
12% on Condensed Milk - Rs 0.6
5% on Cream - 0.1
Total #GST earned - Rs 5.5 which is close to 27.5% of the final cost.#tax
He said the government needs to understand the pressure of taxes on the middle-class.
In another tweet, he calculated the GST on various items to show how the government earns 27.5 per cent or Rs 5.5 from a choco bar sold for Rs 20.
