Only 1.7% Indians paid income tax
December 27th, 2017
Just over 2 crore Indians, or 1.7 % of the total population, paid income tax in the assessment year (AY) 2015-16, according to data released by the I-T department. The number of income-tax return filers increased to 4.07 crore in assessment year 2015-16 (FY 2014-2015) from 3.65 crore in the previous year. Only 2.06 crore actually paid tax as the others claimed income below taxable limits.