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Income Tax Payees Up 8%; Tax Payable Up 13%

IndiaSpend Team,
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There has been an 8% increase in tax assesses–from 36 million in assessment year 2013-14 to 39 million in assessment year 2014-15, according to data released by the income tax department.

 

Tax liability increased 13% from Rs 393,918 crore to Rs 446,719 crore.

 

As many as 61% of the assesses in 2014-15 were in the income range of zero to Rs 350,000, down from 64% in 2013-14.

 

There were 182 assesses with incomes in excess of Rs 500 crore in 2014-15 as against 206 in 2013-14.

 

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  1. Rajesh Ramachandran Reply

    October 27, 2016 at 8:03 pm

    Is there any information on exactly how many people in India pay any kind of income tax? Am told its less than 4%, but had a big argument with a shining Indian who thinks at least 10% Indians must be paying tax, which I seriously doubt.

    Would you have any data on this? It would be nice to show to all the shining Indians that only a very few percentage of Indians fall in the tax payable bracket.

    It would be also nice to know how many people in India are totally employed by central or state governments. I guess this too is around 4 % or so.

    Thank you for the excellent website.

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