India’s sad tax story: Big jump in returns being filed electronically, similar hike missing in tax collections – The Financial Express

Just how few people are paying personal income taxes can be judged from the fact that, in FY15, of the 3.5 crore persons who filed their returns—in a population of 131 crore—just 1.9 crore paid any tax; the rest either said their incomes were below the threshold or used business losses to offset incomes. In a country where two crore persons flew abroad for either business or tourism in 2015, just 1.6 lakh declared an income of over `50 lakh in FY16.

via India’s sad tax story: Big jump in returns being filed electronically, similar hike missing in tax collections – The Financial Express