Hi Friends, thanks for the support in the previous blogs, this is my first blog for this week. Days are running faster and satisfaction levels are being reduced day by day. It was very easy when we were dependent on money from our parents, we were very happy and ask for more. When they refuse to give money, we might have scolded them inside our heart. But, after starting to earn money and running family, we get matured and understand the pain our parents have undergone to save each and every penny.

I am monthly salary earner. The package looked very handsome, but when we get the money in hands after the deductions, it looks very less. Provident fund, professional tax, health insurance, income tax are some of the deductions that happen in our salary slip, we literally feel nothing is paid for us, we might have planned to buy something new this month, but seeing on the salary we might postpone the purchase or we will go for the EMI option. The tax doesn't end here. We have to pay GST for each and every items that we purchase.

Now a days, cost of everything has increased due to the increase in fuel prices and now since the war has started, there is no chance that these prices will reduce, we should be happy, if the prices don't increase. The recent news that gave me heartbreak was, The interest percentage that was given for EPFO was reduced from 8.5 to 8.1 percentage. Moreover, adding flame to the fuel, if our EPF savings cross 5Lakh in total, then we have to pay tax for the same. 

The person who is having a basic pay of 15000, will definitely save 20000 in PF account, the next year it becomes 24000 and so on, approximately from 10 to 12 years, our PF savings will reach 5Lakh, is it possible to pay tax every year after that. I understand, why some of the business man and politicians save black money, because most of our earnings are going in tax. No one is going to bother for us, we may think that because of these politicians and businessman the prices are rising for us as well, but there is nothing wrong in evading tax as our money is being wasted in unnecessary things, so these are some of the reasons, I am feeling like maintaining some black money, unfortunately I don't have the option, since I am a monthly salary earner.

Thanks for reading…..