Karnataka: A Karnataka man gained widespread attention on social media by offering “financial advice” to salaried taxpayers on how to “save 100 percent income tax.” Content creator Shrinidhi Hande shared the satirical video on Instagram following the Union Budget 2024 announcement on July 23. In the video, he humorously suggests that salaried individuals can avoid paying income tax entirely by “growing and selling grass to their employers.”
Salaried Class, this video is for you…
---Advertisement---How to save 100% income tax 😂😂#Budget #Satire pic.twitter.com/UZBzuPNklV
— CA Akhil Pachori (@akhilpachori) July 25, 2024
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Hande’s video, which has amassed over 2 million views on Instagram, was also shared on X by chartered accountant Akhil Pachori. Social media users found the video hilarious, and it is rapidly going viral on X as well.
“In this video, I will tell you how to save 100 percent on income tax,” Handa stated as he outlined the three steps of the “very easy, legal, and simple process.”
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Handa explained the first step involves growing grass at home, whether on your balcony or terrace, emphasizing that it is a completely legal process. He suggested then approaching your HR department and informing them that you no longer want a salary, which would likely make them happy. Instead, propose that the company buys grass from you equivalent to your salary. For instance, if your salary is Rs 50,000, they could purchase 50 strands of grass for Rs 1,000 each, ensuring the process remains entirely legal.
Handa elaborated on the “logic” behind his advice by stating that by making your income from salary zero and only having income from selling agricultural produce, which is not taxable in India, you can avoid paying income tax entirely. This means there’s no need to worry about TDS or investment requirements.
The common sentiment in the comments section after the video went viral is that “Indians really do have a jugaad for everything.”
In the Union Budget 2024, Finance Minister Nirmala Sitharaman revised the income tax slabs under the new regime to make it more appealing. Additionally, the standard deduction limit was raised from Rs 50,000 to Rs 75,000, an increase of Rs 25,000.
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