Evasion at the top
Published By: Business Standard on eSS | Published Date: September, 04 , 2010The government gave out some interesting numbers on Monday. The revenue secretary told a news conference that nearly 96 per cent of the 32.5 million who pay income tax reported a taxable income of under Rs 5 lakh; and only 2.2 per cent (i.e. 715,000 people) reported taxable income of over Rs 8 lakh.
Author(s): T.N. Ninan | Posted on: Sep 14, 2010 | Views(1633) | Download (226)