Only one Indian with over Rs 100 crore taxable income?

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• Only 3% Indians (4.1 crore) filed income tax returns in 2014-15.
• Only 1.6% actually paid income tax.
• Nearly 50% of tax assessees who filed a return declared zero taxable income.

Reports released by the income tax department on Wednesday show 4.1 crore Indians filed income tax returns in 2014-15. But two crore tax filers declared zero taxable income.






Another two crore Indians paid average annual income tax of Rs 42,456. Only one crore taxpayers paid income tax of more than Rs 1 lakh.



https://timesofindia.indiatimes.com/business/india-business/only-one-indian-with-over-rs-100-crore-taxable-income/articleshow/62188143.cms