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Mere 1.7% Indians paid income tax in AY 2015-16: Official data

  •   Mon, Dec 25 2017 08:55:59 PM

New Delhi, Dec 25 (PTI): Just over 2 crore Indians, or 1.7 per cent of the total population, paid income tax in the assessment year (AY) 2015-16, according to data released by the I-T department.

The number of income-tax return filers increased to 4.07 crore in assessment year 2015-16 (FY 2014-2015) from 3.65 crore in the previous year but only 2.06 crore actually paid tax as the others claimed income below taxable limits.

In the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax.

But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15.

The data, released last week, indicates just over 3 per cent of the 120 crore population filed returns. Of these, 2.01 crore paid nil income tax, 9,690 paid tax of over Rs 1 crore.

Only one individual paid over Rs 100 crore in taxes (Rs 238 crore to be precise).

Maximum among of 19,931 crore was collected from 2.80 crore tax filers who paid between Rs 5.5 lakh to Rs 9.5 lakh in taxes.

As many as 1.84 crore returns were filed for payment of income tax of less than Rs 1.5 lakh or an average of Rs 24,000.

Of the 4.07 crore tax returns field in AY 2015-16, close to 82 lakh showed zero or income less than Rs 2.5 lakh.

Currently, no income tax is for income up to Rs 2.5 lakh.

In AY 2014-15, 3.65 crore filed tax returns with 1.37 crore showing zero or less than Rs 2.5 lakh income.

The combined income of all individual tax filers rose to Rs 21.27 lakh crore in AY 2015-16 from Rs 18.41 lakh crore in the previous year.

Maximum number of 1.33 crore individuals were in Rs 2.5 lakh to Rs 3.5 lakh income group in AY 2015-16.

In all, 4.35 crore income tax returns, including those by individuals, were filed in AY 2015-16. Total income declared was Rs 33.62 lakh crore.

In the previous year, 3.91 crore returns were filed with Rs 26.93 crore declared income.

Companies filed 7.19 lakh returns with gross income of Rs 10.71 lakh crore.
  

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Comment on this article

  • MN, Mangalore.

    Tue, Dec 26 2017

    Its time for digital economy,. All Transactions/purchase must be traceable, except petty purchase. Take back all currency above Rs. 10, in a steady and declared phase manner. Impose the tax at transaction stage itself but half the current slab. This will benefit the sincere current tax payers apart from increasing the numbers of tax payee members.
    Violation must be dealt with firm hand and new law enacted/termed Criminal conspiracy against the state.
    Otherwise keep commenting....Nothing will change.

    DisAgree [4] Agree [1] Reply Report Abuse

  • Hussain, Abu Dhabi

    Tue, Dec 26 2017

    Paisa hoga toh tax bharenge na bhai !!??
    Everytime there comes a voice "Bhaiyooo behnooooo", samjho paisa gayaaaaa !!

    DisAgree [6] Agree [9] Reply Report Abuse

  • Krishna Dasa, Udupi,

    Tue, Dec 26 2017

    We the Indians always lived & practiced black money, bribery & corruption for centuries and it can be found in our DNA. We even bribe Lord Krishna and his middleman Sadhus and Swamis. We bribe politicians, government workers teachers, trash collectors and post man.

    It is impossible to collect income tax from Indian business persons & employees of small & medium unorganized companies and business organizations.

    It cost lot of money to manage income tax Department. Government of India should close down income tax department and order flat even tax on all real property, Finished goods, business and personal assets including agricultural property should stop assessing tax on services and it will lead to better fair collection of tax and less chance to cook the account books and the Government will have enough money to manage working Judiciary system, Defense, Law & order and welfare of poor marginalized, disabled persons.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Don, Mangalore

    Tue, Dec 26 2017

    It is hard to believe, but if this stats are true all I can say is "God Bless India".

    DisAgree Agree [4] Reply Report Abuse

  • Prof.P.Tauro, Mangalore,India

    Tue, Dec 26 2017

    Out of this 2 c rores, 95% perhaps paid only 5% of the total tax and the rest paid 95%.

    DisAgree Agree [6] Reply Report Abuse

  • Arun Kumar, Mangalore

    Tue, Dec 26 2017

    So where are the nationalist Hindutva’vaadis??? And have the 1.7% Indians (barring people like me of salaried class) declared the right income?? Keep chanting ‘Bharat Mata ki Jai’.. That’ll help the nation.. Dumbos..

    DisAgree [3] Agree [6] Reply Report Abuse

  • Wilfred J. Lewis, Matpady-Brahmavar/ New York, USA

    Tue, Dec 26 2017

    Land-owners, Business, Entrepreneurs, Upper and Middle working class, Rich, Worship places & Clergy etc. must pay 20% to 40% of their annual gross income (AGI) to the Central, State and Local governments. Then only Indian government will be rich and resourceful. Responsible tax paying citizens will irradiate corruption and takes care of needy. All western democracies are rich, as the citizens of these countries pay their fair amount of taxes to their governments since many decades. Such income is used to take care of the poor, disabled and elderly citizens. This is the meaning of Democracy is "Of The People, For the People". Democracy is not, just a government; which gives voting right to its citizens! !!

    DisAgree [2] Agree [7] Reply Report Abuse

  • Declan, Mumbai

    Tue, Dec 26 2017

    Now it is,
    Of the Sanghi
    For the Ambani, Adani.
    By the government of Modi.

    The Modi government must really be appreciated for looking after the poor and needy like Ambani and Adani while ensuring the Sanghi agenda is on track.

    DisAgree [5] Agree [7] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Dec 25 2017

    India needs Professional Accountants & not ...

    DisAgree [4] Agree [8] Reply Report Abuse

  • Declan, Mumbai

    Tue, Dec 26 2017

    Like Smriti Irani ?

    DisAgree [5] Agree [5] Reply Report Abuse

  • Valerian Dsouza, Udupi/Mumbai

    Mon, Dec 25 2017

    Why Govt is giving this information again and again?
    If more people are to be covered under Income Tax then Tax agriculture income above certain threshold limit.
    Why Govt is exempting them? Many tax evaders are taking shelter under agriculture income.
    Let Govt and all the people be aware that :-
    100% are paying GST.
    Every house buyer is paying, GST ( Indirectly ) and over and above stamp duty.
    100 % are paying VAT on crude oil which is about 40%
    Besides that Professional Tax, Shops & Estt Tax, Roc Tax, Security Transaction Tax, Vehicle Tax and what not.
    Let Govt spend the people paid taxes judiciously and sensibly.

    DisAgree [3] Agree [10] Reply Report Abuse


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