CA Piyali Parashari

As the budget day approaches on February 1st Middle Class can only hope that this time she understands..😅



As she has stated earlier the CBDT is reviewing and simplifying tax laws. 💼👨‍⚖️

However,

📌Revisions to tax slabs are overdue.

📌Increasing the tax-free threshold to at least Rs 5 lakhs and standard deduction to Rs 75000 could address low disposable incomes caused by inflation and high taxes.

📌This in turn would help people reduce their dependency on debt and start savings which could boost the economic growth.📈



For the time being this has become true. 😅😂

📌First pay Income Tax on your income

📌From the taxed income again pay GST on whatever necessities you consume..

📌If you want to upgrade your lifestyle pay 28% GST as a luxury tax..🏷️🛍️🏎️

Do spread the word so that our voices are heard.

We don't want peanuts this time. 🥜🥜🥜

What do you say.?

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Nothing is free in life except the air we breathe. You have to make sacrifices...🤔



Whenever you see something for FREE understand that there is a HIDDEN COST to it. 💰👛

Examples

📌ZERO COST EMIs

Hidden cost is the forgone discount on cash purchase. processing fees of banks and GST. 🪙

📌ZERO COST INSURANCE

In these policies you get refund of the premiums paid over the years after a fixed set of years. The hidden cost is the opportunity cost of the returns that the premium would earn if it was invested profitably. Inflation will erode the monetary value of the premium. 👛



TRADE OFF IS REAL IN LIFE TOO

In life too, there is a trade off and it depends on your PRIORITIES. 🚀💯

📌Nothing ever comes for free.

📌If you chose to spend hours on social media, you do so at the cost of your gainful employment and growth or at the cost of the quality time with your family.


📌Its a trade off between Virtual friends vs family and Real friends and real life experiences


This quote reminds us to be aware of our priorities everyday.

What do you think?

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#motivation #wealth #success #inspiration #investment #loan