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76% of tax collected from those earning over Rs 50 lakh

Times of India LogoTimes of India1w ago

76% of tax collected from those earning over Rs 50 lakh - Times of India

Quick Summary:

The number of high earners (over Rs 50 lakh annually) filing taxes has increased fivefold, and their tax contributions have tripled.

Over the past decade under Prime Minister Modi, India's tax burden has shifted significantly.

This shift has resulted in a reduced tax burden for the middle class, with those earning under Rs 7 lakh now exempt from income tax.


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76% of tax collected from those earning over Rs 50 lakh - Times of India (Picture 1)

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Article Details

Author / Journalist: Agencies

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 03:36:07 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23575964

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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The story "76% of tax collected from those earning over Rs 50 lakh" was covered 1 weeks ago by Times of India, a news publisher based in India.

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