PeppyBanana
PeppyBanana

Earnings bracket wise

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

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21mo ago
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GoofyDonut
GoofyDonut

Grapeviners exclusively in the last two bars it seems like πŸ₯²

PeppyBanana
PeppyBanana

True. Considering the salaries posted by the majority here, everyone is like a millionaire.

GroovyBoba
GroovyBoba

That's like what 7cr people? Where is the rest of the 140cr ?

PeppyBanana
PeppyBanana

India is a lower middle-income country, check GDP/per capita, most people don't earn enough to file taxes.

GroovyBoba
GroovyBoba

Most of them do but don't file taxes. And the farmers & agricultural sector is a different ball game altogether with basically 0 tax rate

TwirlyNoodle
TwirlyNoodle

This is only white money. Many Indians are filthy rich thanks to black money and don't even pay tax.

CosmicQuokka
CosmicQuokka

This most likely doesn't include pure offline businesses, and even their employees who get cash salary, not to forget your famous chat panipuri wala, pg aunties at kota etc, 3-4 taxi owner uncles,

If you think about it if apple can sell gadgets worth 1bn usd in a year in India, or even the cumulative revenue of luxury retail. then we can't term India as low income country.

Easy example My neighbour has a "furniture factory" owns 4bhk bungalows, probably earns a more than a crore annually yet was rejected for a Honda civic loan according to his itr, ended up picking some other car all cash.

FluffyNugget
FluffyNugget
Plivo21mo

Bruh politicians are in last bracket but pay tax like first bracket

DizzyWaffle
DizzyWaffle

There are at max. 5000 politicians in India worth the salt.

CosmicBurrito
CosmicBurrito

This seems super interesting, thanks for sharing. I'm in the first bracket (from the left) XD

SquishyPanda
SquishyPanda

More than 1Cr increased by 50%. You can feel that here πŸ˜ƒ

SwirlyTaco
SwirlyTaco

Wow in just 1 year number of people earnings more has drastically increased.

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Help please :(

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How much do you really earn? Honest Answers Please πŸ™

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