Tag: IT Department
IN INDIA – ONLY 1% PAY INCOME TAX, 99% DO NOT… THAT SHOULD CHANGE?
For financial year 2012-13 (later years data not yet available), only 2.9 crore out of 120+ crore file income taxes, and only 1.25 crore pay any income taxes. The average tax payable was 21,000. And there were more than 5,000 individual income tax returns with tax payable of more than… Read More