Tuesday, February 17, 2015

Number of Income Tax Payers and Income Tax in India

Financial Year 2011-12

2.8844 crore people declared income less than Rs. 5 lakh
14 lakh earned between 10 and 20 lakh rupees
4.06 lakh people have income more than Rs. 20 lakh

42,800 people have more than Rs. One crore income.  (315 members of the Lok Sabha earn more than One crore).


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