Arun Mandal
@iammandal_arun
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VLSI Design Engineer | BITS Pilani | Stock Market Investor | Views are personal.
India
Joined September 2012
Having 1 Lakh plus salary is considered like high income, but the expenses are much more than 1 lakh in a city like Bangalore. Let's see the middle class expenses (not going higher side) -Rent 30k to 40k (that's an average 2 BHK rent in Bangalore including maintenance , water, and electricity bill etc) -Grocery , fruits, and vegetables 30k per month -kids education 10k per kids in medium school (higher school charges much more than this) - Fuel 2k per month depends on the distance of office to home. - Shopping 10k for yourself and your family for including clothes, shoes, kids' apparels, baby diapers, etc - Food outside 5k if you go two times outside in a medium restaurant. - 10k Any other miscellaneous expenses like bike servicing or medical expenses or any other expenses which are not planned. Total if you add it will come 97K when you buy home of 30k rent. These expenses are very minimal, and not considering any major expenses. This calculation is for a family of 1 kid. If your kids are more or if more family members, then this can go much more than 97k. Can salaried middle-class class offset their expenses in ITR? @nsitharaman @nsitharamanoffc
@IndiaNewGen @idesibanda @indtxpyr
While people having 20 LPA is struggling to survive in the city like Bangalore, the government tax structure thinks they are highest label of income. Actually, these people are the most exploited category by government and society. #AbolishIncomeTax
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@IndianTechGuide I posted in the early morning
11 years and 46% fall. When you accuse some government for the fall and win elections, don't you have a basic responsibility to fulfill that thing? Now you will say global economic crisis and other countries currency, but are we going in the right direction? Are we creating a world-class education and making it available for everyone? Are our exports have value ? They shouldn't increase because of cost but of value. But people are busy getting freebies, and no one is thinking about the country and asking the right questions . Do you care ? @Amockx2022
@IndianTechGuide
@IndianGems_
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RT @styagi_69: खामोशी उसी की महसूस होती है , जिसका बोलना अच्छा लगता हो... Stay aware of what you do. Karma never forgets, so be mindful of…
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@SSati8193029 Yes we need to work for ourselves. This we can do only if we know who are we. Thank you
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RT @noorenabi_1: Do not waste water, even if you perform your ablution on the banks of an abundantly-flowing river.🙏
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