Income Tax Slabs during Indira Gandhi Times : For 10 lakhs income, Tax was 9.33 Lakhs For 5 Lakhs income, the tax was 4.45 Lakhs This means whatever you earn belongs to the govt. This was the foundation of the Black money generation.
The average inflation rate during Indira Gandhi's 15-year tenure was 20%. Bank Interest rates were 18% That is how the Dynasty ruled. That is why they installed just 16 GW of power in the first 30 years of rule. Everything got taxed including Radio. No jobs after passing out.
@rishibagree Abe Kya matlab h is data is. Uske baad se election nhi hue kya. Bolega ab.
I wonder so much of technical detailing how aam janta can study or recall? If bharat ke janta is not choosing Modiji on the basis of vikas economy and freedom of religious practice, position on international platform, then what they are for? Fir to deserve nehi kartey modiji jaisa leader. This is really annoying ☹️😔
@rishibagree Dude, you should have taken 1700 year and compared😆. Times change, technologies improves, education improves, everything improves through time. We are what we are today because of our people, our education, our hard work, everything else is a catalyst.
@rishibagree Your thread is everybody's favorite! #TopUnroll threadreaderapp.com/thread/1783387… 🙏🏼@Krishna_720611 for 🥇unroll
Govt under Rahulji should have 100% tax. It will cause no tension to rich people. Everything will shift to 100% black money and lawyers and CAs will have party time making responses to govt notices and creating complex ownership structures All Engineers and Doctors will leave for foreign countries This was how his Dadiji used to run our country in 1970s
There must be certain economic challenges at that time due to which tax rate was high, e.g. in the US the rate was as high as up to 70% in 1972 ! !… However, an interesting point… do you know, Former Prime Minister of India, Dr Manmohan Singh was the Chief Economic Advisor of Government of India between 1972 to 1976? 🙃