“Making the fiscal capital of the India of the world is not the answer”: Finfluencers ask to reduce taxes

There has been a growing call to modify India’s tax system, with a growing number of financial influencers that beat to reduce taxes. While an influencer said that turning India into the “fiscal capital” of the world is not the answer, another pointed out how at the end of its services, the salary class pays more in taxes than the savings they accumulate. Another influencer said that Indian taxes are one of the reasons why many people who win the country leave the country.

Wisdom Hatch’s Founder and Finfluencer, Akshat Shrivastava, said the economy is dying and talking about the country’s GDP will not help. He suggested three things that can be done immediately to improve the situation: reduce taxes, expand the tax base and give incentives linked to work to companies.

Shrivastava said there should be an immediate cut in GST and that 15 percent should be the maximum slab. He suggested expanding the tax base and including BCCI and IPL, which he could bring 6,000 million additional taxes. He also said that the government should offer tax benefits of 0 percent for new companies if they employ a certain number of people.

“Taxing people to death. And making India a fiscal capital of the world is not the answer,” he said.

Another influencer that has been vowel against the high taxes of India said that people pay more than 2.5 million rupees in direct and indirect taxes throughout their career, while their total properties and savings do not even touch RS 1 crore. “This exposes the brutal reality, taxpayers dry dry but have almost nothing in return. It seems that the government believes that people are born in India just to pay taxes and suffer,” he said.

The investor and merchant José Paul Martin, comparing taxes for people and companies, said: “There are many things to understand. And one of those things is that the government is drying you as an individual. You get the final evil of the stick.”

He said people pay almost 25 percent of their income to the government, without even including GST. If as a person who earns RS 5 Lakh, his expenses are RS 1 Lakh, then he is paying more than that, RS 1.3 Lakh, to the government. “And we have not even taken into account GST in the goods and services that he pays with what the government is paying,” he said, adding that one would be better to start a company.

During the 2025 Union Budget, the Minister of Finance, Nirmala Sitharaman, announced that there will be no income tax paid until an income of RS 12 Lakh under the new regime. “This limit will be RS.

The structure of the tax rate was reviewed below:

RS 0-4 Lakh-Nulo
RS 4-8 Lakh-5%
RS 8-12 Lakh-10%
RS 12-16 Lakh-15%
RS 16-20 Lakh-20%
RS 20-24 Lakh-25%
Above RS 24 Lakh – 30%