Decoding the great Indian taxpayer8 min read . Updated: 21 Oct 2019, 11:51 PM IST
- India collects ₹3 tn a year from individual taxpayers. Who are they, and what does the salaried class contribute?
- Income growth for the salaried class has collapsed. In fact, it has barely moved post demonetization, while the average business income has risen by around 7.2% per year
MUMBAI : The salaried income tax payer in India often feels cheated. “What are my taxes being used for," he often asks himself. The roads continue to have potholes. The traffic never ends. The public transport system never seems to expand fast enough. The healthcare system is non-existent. The legal system takes years to give a judgement. The police are corrupt, and so on.
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