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The Data for % of Tax Payers are Insane
This is known issue but as an developing nation, this needs to improved and worked upon
8mo ago
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This is known issue but as an developing nation, this needs to improved and worked upon
The problem isn’t that our tax rules are too lax, the problem is that 95% of our people are too poor to be worth taxing.
Inagine if that 1% of 5% starts paying taxes, that too would make an immediate impact
Ok, my dude, please go tax Ambani! There should be enough there to feed millions!
We have a lot more indirect taxes though, collection from just income tax itself is fairly low.
Exactly
and thats bcoz indian lalas-baniyas dont pay tax
As an employee of working class we do pay taxes but if more % starts paying taxes ,
We might get some relief
How are we getting this data? Also, how are we to improve this unless we uplift more people into taxable segment? We would also have to tax the segments which are tax free. Like taxing agriculture as long as it's under taxable segment. Taxing even politicians, etc
Besides, this is a small portion of total taxes govt collects. Govt makes a lot of money from taxes of Petrol (for every 100 we pay, 67 is tax)
It's strange how when it comes to income tax, we immediately focus on developed nations but we never focus on the already earned tax money and where is it going? Do we really need 20k crore central vista project? Should we not see to it that existing taxes are well spent especially on improving public schools and Healthcare? I for one would want my future children to have good education without buring my pockets after already paying boat loads of taxes (direct, indirect, etc)
Tax evasion, a national sport here. More people need to be dragged into the tax net. No free lunches, folks!
Bro, you are earning. Shouldn't you just be grateful that you are not born in war torn Afghanistan or disease ridden Africa. I mean life could be so much worse. In fact, the only difference between you and the office boy is the household...
Oh, I thought this must be some smart argument, the moment I read “difference between you & the office boy is the hou...
Inspite of so many "better than earlier govts" reforms in the last 10 years...the govt hasnt done much needed reforms in the income tax regime.
The govt is doing a few good things like dissolving inept psu's, selling off entities like A...
