"Data shows only 1% of population pays income tax, over 5000 pay more than 1 crore ($145K USD)"
Only "six individuals fell in the high-end earning bracket of Rs 50-100 crore (7-14 Million USD) of salary income."
Wow ! Just 6 individuals. India's got NO shortage of millionaires & billionaires. The abysmal income tax collection clearly indicates a gaping problem with rules & their implementation.
"Data shows only 1% of population pays income tax, over 5000 pay more than 1 crore ($145K USD)"
Only "six individuals fell in the high-end earning bracket of Rs 50-100 crore (7-14 Million USD) of salary income."
Wow ! Just 6 individuals. India's got NO shortage of millionaires & billionaires. The abysmal income tax collection clearly indicates a gaping problem with rules & their implementation.
- Source : http://indianexpress.com/article/india/india-news-india/data...