How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
Only because India's tax base isn't as elaborate as the US tax base currently. Gradually this will change, countries like India are growing and the government needs a lot of tax to build infrastructure and other stuff. I think in the next few decades Indian tax system would equally if not more complicated than the US tax system.
Show HN: Income Tax Calculator
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Re: Show HN: Income Tax Calculator
#22How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
Much as I abhor the complexity of the US tax system (go flat tax!), at least most taxpayers in the US actually pay.
Re: Show HN: Income Tax Calculator
#23How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
How depressing is it for India that cheating on taxes is a national pastime and only 2 - 3 percent pay them? Much as I abhor the complexity of the US tax system (go flat tax!), at least most taxpayers in the US actually pay.
Anyone earning below Rs. 200,000 is exempt from Income Tax
I wouldn't generalise.
http://www.ibtimes.com/how-many-people-india-pay-income-tax-...
Re: Show HN: Income Tax Calculator
#24How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
Re: Show HN: Income Tax Calculator
#25However, if you are an expert in tax rules, here's something I'd pay money for - clear tax guidance in the form of a decision engine, where I can feed my inputs and get an accurate interpretation of the tax rules. I will pay for this as long as you can back the interpretation by a certified tax consultant.
[1] http://www.incometaxindia.gov.in/Pages/tools/income-tax-calc...
Re: Show HN: Income Tax Calculator
#26How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
Re: Show HN: Income Tax Calculator
#27Earlier quoted context omitted.
How depressing is it for India that cheating on taxes is a national pastime and only 2 - 3 percent pay them? Much as I abhor the complexity of the US tax system (go flat tax!), at least most taxpayers in the US actually pay.
98-97% people are not "cheating". Most of then don't even fall under category of having taxable income. Anyone earning below Rs. 200,000 is exempt from Income Tax I wouldn't generalise. http://www.ibtimes.com/how-many-people-india-pay-income-tax-...
Re: Show HN: Income Tax Calculator
#28How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
Re: Show HN: Income Tax Calculator
#29How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.
It was disappointing to see the amount of FUD disseminated over Romney's 2012 plan simplify, broaden, and flatten the corporate tax code.
Re: Show HN: Income Tax Calculator
#30How depressing is it for us in the US that the Indian tax code is simple enough that someone can "show HN" a tax calculator.