Most Indians Needn’t Evade Income Taxes, They Don’t Have To Pay It

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“We are largely a tax non-compliant society” declared Finance Minister Arun Jaitley during his recent Union Budget speech. He was alluding to information released recently by the Income Tax Department that shows, of the 3.6 crore people that filed tax returns, nearly 1 crore reported an income less than the income tax exemption threshold of Rs 2.5 lakh.

Published on 24 February, 2017 in BloombergQuint