Paid my tax with advance deduction by wrapping up financial year .
Hello beautiful world!
welcome to my 3speak vlog.
in my country we are very close to wrap the financial year that is considered from April to March.Since the beginning of this month, most of the people try as much as possible to save their huge taxation for which. With the beginning of this month I paid my tax that was sixty six thousand nine hundred eight. Pocket should not be completely empty. For this, most people believe in advance deduction and I also get ₹ 4800 per month advance deduction, due to which I did not have extra burden in this month. with this dideduction one can understand that there was no saving from my side that is why I have to paid full tax. my yearly salary earning comes under 80c with 15% tax that is why I have to paid such a huge amount.
In case of crypto taxation till now I have not made any transaction so I have no exact idea about it whether one have to 30% tax or not. To be honest since the new tax regulation started, I never visited any Crypto exchange.
thanks for your patience..
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Have a splendid Sunday..
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it is really huge tax that you paid , but it is also true that if we are governemnt employes then we we should pay and we should support our government. dear you are lucky that in india , crypto is allowed but in pakistan it is still illegal , you are paying tax on crypto that is good and i want all over the world countries should get collect tax give permission crypto trade. thank you so much for sharing informative vlog with us
As a true civilian it is our responsibility to corporate in government work and their rules regulation. I am happy by paying my text. I do agree with you that here is Crypto regulation is valid but it is a huge percent of tax that we have to paid.
Hope there will be some positive movement in coming days taking crypto regulation in your country. Every country has their own policy, so we can just hope for good nothing else.
Thanks brother for your valuable feedback..
Have a good day..
Tax is the legal liability towards Government and we should ensure that it is paid on time without any delay because delay in this can cause penalty. You have taken the right decision at the right time and before the financial year and you have done it all which is good and I hope others also do the same because we are left with couple of days for this financial year and such things should not be left for the last moment. Website does not work usually on the last day and this is why doing in advance is always recommended and glad that you did it well on time.
Mostly, it comes to see that most people fill their taxes in the last time, due to which the additional burden on the website falls and the website becomes down. Sometimes such a situation comes when due to these problems we have to pay penalty. Yes paying tax within time always helps to improve the economy of country.
Thanks bro for your valuable input.
Such nice information you have shared. And thank you for talking about the 30% tax issue. It is good that you are paying taxes otherwise there are lots of people who not paying taxes even though they earning very well. I am not against the taxes, I am against the high taxes that the government implemented on crypto. As well as the TDS played a major role to kill the crypto industry in India. And you are right that it is better to hold the crypto than pay 30% when withdrawing. Keep sharing brother....
TDS is a major factor that indicates about the involvement of Crypto trading. What can be do against government policy just can hope some relaxation by reducing the percentage of taxes. I am also not in favour of 30% tax. I have seen many countries that encouraging Crypto and digital assets .
0.01% TDS is good but you know the TDS is 1% which is highest ever :p
When tax is 30% then how can be TDS 0.01% lol..
😂
Brother you people are very lucky that crypto is legal in your country.We pakistanis are still struggling because crypto is still not legal in ourcountry.You paid 9 lac and somthing tax on your crypto income,and this is I think a huge amount of tax you paid.But paying tax to your govt means that you are empowering your country.
Overall good informative video.keep it up bro.
Thanks for your valuable input brother..
Actually I have not paid 9 lacks but it is my whole financial year's salary from my job and I paid tax for that not for crypto earning.
In future whenever I will widraw from crypto then sure I will pay tax but this time I am not thinking to touch my assets in next couple of years.
Yes! here is Crypto legal but with huge amount of tax that is 30%.
Hope there will be some positive news in coming time from your country taking Crypto regulation.
Much love and respect from India..🙏🙏
30% is a huge tax. I think you should avoid exchange and find a friend in real life also into crypto that can exchange with you . then u get tax 0% :P
Seriously I am thinking to add you as a best friend for these transaction. To be honest from previous 1 year I hardly visited any exchange.
Not me haha I'm poor 😵easier find someone real life can change on the spot with cash then you can't get scammed
You are a skilled person and a skilled person never be poor . He can do good for his life..lol Till now I have not thought to widraw my crypto, just want to work here. With the time there will be some appropriate option ..