“Only 2% of Indians pay income tax” : Stop Referring To Us As Tax Avoiders
Summary Points: Only 25.5% of India’s 143.81 crore population (36.67 crore) are working and earning, and 7.67% of them (2.81 crore) paid income tax in FY 2023-24. Personal income tax has grown at 15.6% per year over 29 years, outpacing the Sensex (11.58%) and GDP growth (10-11%). Indirect taxes like GST, paid by all, make…