ONLY 5.5% INDIAN EARNERS PAY INCOME TAX

Income Tax Department of India
Photo courtesy: Facebook

Today, only 4% of voters are income tax payers and only 5.5% of earners pay any income tax. Also, only 15% of income is being reported, meaning 85% of income is not being reported or exempted from income tax as it is for farming income. So, if India has to advance and progress, this has to chance as it is for developed countries.

Source: The Hindu

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  • 29 Feb 2016

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