| Only 2.77 percent of India's population pay income tax | |
| New Delhi, Aug 31 (IANS) | |
Just 2.77 percent of India's 1.21 billion people pay personal income tax, official data showed. | |
| “The number of effective tax payers as on March 31, 2011 was 3,35,79,831 (33.57 million),” Minister of State for Finance S.S. Palanimanickam said in a written reply to a question in the Rajya Sabha Tuesday. This is just 2.77 percent of over 121 crore or 1.21 billion population of the country, The amount of direct tax collection rose to Rs.446,070 crore in 2010-11 from Rs.378,063 crore in the previous year, the minister said. | |
(Courtesy: Deccan Herald)
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