Background - Hardly 50 Lac citizens pay direct taxes ( Less than 1% )
One of the prominent reasons why our country is still carrying the developing nation tag after decades is the distrust between the public and the government when it comes to the matter of Taxation. Citizens don’t comply because of lack of facilities provided by government to them and feeling of not doing much to them in return and the government, in turn, believes that it is unable to do much to the citizens because of the abysmally low taxes that they receive from the citizens.
| Income Levels | % shown in IT return | Salaried | Non Salaried | ||
|---|---|---|---|---|---|
| Below 5 Lac | 75.00% | ||||
| Between 5 – 10 Lac | 17.00% | Upto 10 Lac | 87.00% | 96.00% | |
| Above 10 Lacs | 8.00% | Above 10 Lac | 13.00% | 4.00% | |
| Total Returns | 6.3 Crores |
Data : 2020-21 IT Returns
2021-22 - Showing incredible growth in Direct and Indirect Tax Collections
| Particulars | Year | Amount | Growth |
|---|---|---|---|
| 2020-21 | 9.18 L Crore | ||
| Direct Taxes | 2021-22 | 13.63 L Crore | 48.00% |
| 2020-21 | 10.13 L Crore | ||
| GST | 2021-22 | 13.33 L Crore | 31.00% |
Note : These are net collection amounts (after refunds)