As per income tax data, the number of filers above 50 lakh increased five fold from 1.85 lakh in 2013-14 to 9.39 lakh in 2023-24, while their tax liability shot up 3.2 times from ₹2.52 lakh crore to ₹9.62 lakh crore. In other words, they contribute the lion's share of about 76 percent to the annual income tax kitty. On the other hand, the share of those earning less than 10 lakh reduced from 10.17 percent to 6.22 percent and, after adjusting for inflation, it translates to an almost 60 percent decline in tax liabilities over the decade.
Diese Geschichte stammt aus der November 16, 2024-Ausgabe von The Morning Standard.
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Diese Geschichte stammt aus der November 16, 2024-Ausgabe von The Morning Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Change the drape game
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Badoni hits unbeaten ton in Delhi's strong reply
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Fulton presses for restructure
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Rahul suffers blow on right elbow
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Samson-Tilak carnage @ J o,burg
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