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Havish Gupta

Stealth • 10m

Many of you have know that only less than 5% population in india, pays taxes. But there is reason for it. According to this economic times report, only 1.8 crore people earn more than 5 lakhs annually (~2%). And if you earn less than 5 lakhs, you legally do not have to pay any taxes. So it is not that they dont pay taxes, there income is so low that they dont have to pay taxes. Other side to it: if you earn more than 5 lakh annually, you are the among the top 1% richest population in india.

6 replies18 likes
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Stealth • 5m

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