In India, how much of the revenue is coming from income taxes? What percentage of that is contributed from different sectors, like government employees, private employees, or business people?
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Which sector tops in avoid paying taxes? How to set that right by GoI?
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Answer:
Here is an overview graph of the general sources of revenue for the government of India. http://en.wikipedia.org/wiki/Income_tax_in_India There is lots more information from the Government Budget itself http://indiabudget.nic.in/rec.asp but I don't see a breakdown of the personal tax contributions by income class.
Viola Yee at Quora Visit the source
Other answers
current fiscal year 2013-14 income tax collection target is set by department is rs 6.5 lac crores. That is 18 % up from last year. Most of the taxes collected from public companies then private treaties.
Animesh Singi
To my knowledge Income Tax constitutes only about 3-5% of the revenue generated by taxes.. Most of the small businessmen and propriety companies have enough means to evade taxes.. So majority of income tax is actually paid by the middle class working in Pvt. Ltd and Ltd companies and the Govt employees having an annual pay of atleast 3 Lacs INR or more..
Rajat Singh
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