02/05/2016
Only 1 Per Cent Indians Pay Income Tax – Over the last six years,
the growth in the total income tax collected has slowed down
considerably.

Taxpayers account for just about one per cent of India’s population, but tax outgo was over
Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.
As part of a transparency drive, the government has made public
direct tax data for last 15 years. Data for individuals has been
published only for 2012-13 assessment year, which shows taxes for income
in financial year ended March 31, 2012.
A total of 2.87 crore individuals filed income tax returns for that
year, but 1.62 crore of them did not pay any tax — leaving the number of
taxpayers at just about 1.25 crore which was close to one per cent of
the country’s total population of about 123 crore at that time.
The tax outgo was less than
Rs. 1.5 lakh for a vast majority of nearly 89 per cent taxpayers (over 1.11 crore). Their average tax payable was just about
Rs. 21,000, while the collective amount stood at over
Rs. 23,000 crore.
The three individuals in the top-bracket of
Rs. 100-500 crore paid a total tax of
Rs. 437 crore — resulting in an average tax outgo of
Rs. 145.80 crore.
As many as 5,430 individuals paid income tax of over
Rs. 1 crore. Out of this, the tax range was
Rs. 1-5 crore for more than 5,000 individuals, resulting in a total outgo of
Rs. 8,907 crore.
As per the overall data, total income tax collections rose nine-fold to
Rs. 2.86 lakh crore in 2015-16, from
Rs. 31,764 crore in 2000-01.
The data further said that the bulk of individuals who filed returns
for the assessment year 2012-13 earned an annual salary between
Rs. 5.5 lakh and
Rs. 9.5 lakh.
Over 20.23 lakh taxpayers earned
Rs. 5.5-9.5 lakh, while their cumulative salary earnings stood at
Rs. 1.40 lakh crore in the financial year 2011-12.
Further 19.18 lakh individuals earned salary of
Rs. 2.5-3.5 lakh that year.
Six individuals fell in the high-end earning bracket of
Rs. 50-100 crore of salary income.
In the salary range of
Rs. 1-5 crore, there were as many as 17,515 individuals.
Nearly 2.87 crore salary earners filed their I-T returns in assessment year 2012-13.
The total number of individuals who paid income tax in 2011 was 4 crore; that number climbed only to nearly 5 crore for 2014.
For the year 2014-15, Maharashtra collected the maximum direct tax (which includes corporate tax and individual income tax) of
Rs. 2.77 lakh crore, followed by Delhi at
Rs. 91,274 crore , Karnataka, Tamil Nadu and Gujarat.
Over the last six years, the growth in the total income tax collected
has slowed down considerably. The growth rate in the collection of
taxes was nearly 18 per cent in 2010, down last year to about 6.7 per
cent.
Source:
NDTV