Communications @bankbazaar.
Obsessed with personal finance.
Co-author: The Bee, The Beetle, And The Money Bug. Get it on Amazon: https://t.co/qy677dgkXZ
Jan 23, 2023 • 14 tweets • 4 min read
If you earn more than ₹5 lakh, you should pay attention to this.
As a salaried individual, I'm personally disappointed with income tax slabs not keeping pace with inflation.
It forces me to pay what's effectively a 45-50% rate of tax.
Let me take a minute to explain.
On a taxable income* of ₹12 lakh, you paid in as income taxes:
in 2013-14: ₹195,700
in 2022-23: ₹179,400
These meant absolute tax rates of 16.3% and 14.9% respectively.
In nominal terms, this means a lower rate of tax.
That's good.
But what about inflation?
Jun 2, 2019 • 35 tweets • 8 min read
#CricketThread: Time for a long, hard look at India's statistical data since the 2015 Cricket World Cup (CWC) to understand where they may finish in 2019.
Since the end of CWC 2015, India have made 21,043 runs in 86 ODIs, behind only England who’re at 22,289.
Run-scoring has hinted at winners in previous World Cups.
#CricketThread: There’s a change I’d like to see in cricket metrics. I hope someone’s listening at @StarSportsIndia. It’s the matter of run rate, required rate (RR), economy rate (ER), and strike rate (SR).
They’re all the same thing described in different ways. A standardization of scales is needed. I believe it would be good for the game.
