Mere 1.7% people paid IT

Mere 1.7% people paid IT
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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.

Mere 1.7% people paid IT

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.

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