NEW DELHI: There are just over 10 lakh income tax assesses in India
declaring income in excess of Rs 10 lakh a year, data released by the
government showed.
There were less than 20,000 assesses in
2012-13 declaring income in excess of a Rs 1 crore a year. Of the 3.1
crore returns filed in the year, maximum 20 lakh were in the tax bracket
Rs 5.5-9.5 lakh.
The Income Tax Department has released Time
Series Data for Financial Year 2000-01 to 2014-15 to encourage wider use
and analysis. Prime Minister Narendra Modi said it was a "landmark"
decision to publish income tax data.
"It is a big step towards transparency & informed policy making," he tweeted.
"Am sure this data will be used by researchers and analysts and lead to
enhanced insights for policy making on taxation," he said.
Source: TIMES OF INDIA
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