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Why do only 5% of Indians pay income tax?

Finshots Daily

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How Many Indians Actually Pay Taxes?

How many people pay their taxes, and how many people actually file their returns? Well, not a lot, it seems. Around five point eight crow people have filed their returns so far,. It's safe to say that there could still be another one to two crow people who may have paid their taxes but haven't filed their returns yet. The top ten % of indians have an annual income of just three laks; the government exempts all those who make less than five lac rupees. A better approach, perhaps, is to educate people on how tax proceeds help build the country. And while talking about taxes, here ditto insight about saving money.

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