“Only 2% of Indians Pay Income Tax”: Stop Referring to Us as Tax AvOiders
Summary points: Only 25.5% of India’s 143.81 Crore Population (36.67 Crore) Are Working and Earning, and 7.67% of Them (2.81 Crore) Paid Income Tax in FY 2023-24. Personal Income Tax has grown at 15.6%per year over 29 years, outpacing the sensex (11.58%) and GDP growth (10-11%). Indirect taxes like gst, paid by all, make up … Read more