12:49 am - Tuesday September 17, 2024

Story of India’s middle class

114 Viewed Jacob Martin Comments Off on Story of India’s middle class

A Middle Class Person wants to Buy 2 Wheeler for his family. He works hard, saves money & test rides a Honda Activa 110 CC. He feels it is good.

He enquires about the cost.

Ex Showroom Price is ₹75000. He realises that this price includes 28% GST (around ₹17000). 28% YES, THAT’S RIGHT.

₹6000 Road Tax.
₹14000 Registration Charges.

Both PAID TO Government.

₹5000 for a Motor Insurance (18% GST ₹900 to Govt). Yes that is 18% GST.

Accessories ₹6000 (GST included)

So, now he totally has to pay ₹1,06,000.

He calculates that he eventually pays 60% to Dealer & 40% to Government. He has already paid 30% tax to the Government in the First Place.

He feels a bit let down. But then he asks himself:

– Why am I Paying 28% GST on a 2 Wheeler when I have paid 30% Tax already on my income?
– Why am I Paying 18% GST on Motor Insurance when this is supposed to Protect me in case of an Accident?
– I am not taking any Loan, but still I Pay almost ₹40000 to the Government just to buy a Vehicle for my Family. I pay ₹66000 to the Vehicle Dealer. He also has to make some money out of it.

So I am actually payiyng Government so much for the Vehicle.

He asks these questions, but realises that he is Middle Class. He pays the Taxes, buys the Vehicle, Takes Photograph & Goes Home to Enjoy with Family. He goes back to Work the next day, so that he can afford many other things. Cycle Continues…

This is the Story of Every Middle Class of India.

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Top NRI Realty Investment Destinations

Top NRI Realty Investment Destinations

I am Israel – written by Professor Norman Finkelstein

Related posts