Only 5.5% Indian Earners pay Income Tax |OurVoice|WeRIndia

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ONLY 5.5% INDIAN EARNERS PAY INCOME TAX

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

  • OurVoice WeRIndia
  • 29 Feb 2016

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