Tax Thiefs

Do you know how many Indians sluice out evaluate revenuees and how much? You would be surprised with some of the be. According to the news report released by Indian Finance Ministry,  estimated number of imposepayers for financial stratum 2011-12 stands at in effect(p) 3.24 Crore people.That means, less than 3 people in 100 pay taxes Out of these 3.25 Crore people, 89% pay taxes in the tax slab of 0 5 Lakh rupees, while on the other hold on of spectrum, notwithstanding 1.3% of all tax payers have income about 20 Lakh! depend of revenue enhancement Payers in India & their Slabs Slab| Number (in hundred thousands)| Percentage of taxpayers| 0-5 lakh| 288.44| 89.00%| 5-10 lakh| 17.88| 5.50%| 10-20 lakh| 13.78| 4.30%| >20 lakh| 4.06| 1.30%|     ------------------------------------------------- The graph distinctly shows the inequality in the earnings of Indian people Imagine, in a country of 120+ crore people, besides 4 lakh people earn a bove 20 lakh rupees a month. Now, if you consider that many cheat when it comes to taxes, even then the numbers are so skewed that it is mind-boggling. This following graph provide show you further how much wealthiness is concentrated amongst only a miniscule few! Tax Collection by Tax Slabs Slab| (Rs. in crore)| Percentage of tax put in| 0-5 lakh| 15,010| 10.

10%| 5-10 lakh| 21,976| 14.80%| 10-20 lakh| 17,858| 12.10%| >20 lakh| 93,229| 63.00%|     ------------------------------------------------- The biggest surprise for me was although, only 1.3% of all tax-payers earn more than 20 lakhs in India, they account for a whooping 63% of all the taxes compile by Ind ian Government. So 4.6 lakh Indians pay a to! tal of 93,229 crore rupees of tax. That comes to an average of roughly 23 lakh per headland! Although, I was aware of this situation to a certain extent, after looking at the numbers in the report, I was construe aback by amount of inequality we have in India! Would love to hear your comments on this! [Via]...If you want to get a full essay, order it on our website: OrderEssay.net

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