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Friday, 14 February 2020

Why taxpayers halved in 1 year

The fall in the total number of taxpayers underlines the need to widen the base as many non-salaried individuals conceal their income or under-report it, putting a disproportionate burden on those who do pay tax. The Budget speech of 2018-19 had noted that on an average a salary earner pays three times more income tax than a non-salaried taxpayer (Rs 76,306 versus Rs 25,753).

from Times of India https://ift.tt/37smvEq
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