{"id":15680,"date":"2017-12-25T17:22:01","date_gmt":"2017-12-25T17:22:01","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=15680"},"modified":"2017-12-25T17:22:01","modified_gmt":"2017-12-25T17:22:01","slug":"just-over-2-crore-indians-paid-income-tax-in-2015-16-official-data","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/just-over-2-crore-indians-paid-income-tax-in-2015-16-official-data\/","title":{"rendered":"Just over 2 crore Indians paid income tax in 2015-16: Official data"},"content":{"rendered":"<p>New Delhi: Just over 2 crore Indians, or 1.7 percent of the total population, paid income tax in the assessment year (AY) 2015-16, according to data released by the I-T department.<br \/>\nThe number of income-tax return filers increased to 4.07 crore in the 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.<br \/>\nIn the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax.<br \/>\nBut 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.<br \/>\nThe data, released last week, indicates just over 3 percent of the 120 crore population filed returns. Of these, 2.01 crore paid nil income tax, 9,690 paid tax of over Rs 1 crore.<br \/>\nOnly one individual paid over Rs 100 crore in taxes (Rs 238 crore to be precise).<br \/>\n<strong><br \/>\nOnly 1.7 percent of the total population paid income tax in the assessment year (AY) 2015-16.<\/strong><\/p>\n<p>Maximum among of 19,931 crore was collected from 2.80 crore tax filers who paid between Rs 5.5 lakh to Rs 9.5 lakh in taxes.<br \/>\nAs many as 1.84 crore returns were filed for payment of income tax of less than Rs 1.5 lakh or an average of Rs 24,000.<br \/>\nOf the 4.07 crore tax returns field in AY 2015-16, close to 82 lakh showed zero or income less than Rs 2.5 lakh.<br \/>\nCurrently, no income tax is for income up to Rs 2.5 lakh.<br \/>\nIn AY 2014-15, 3.65 crore filed tax returns with 1.37 crore showing zero or less than Rs 2.5 lakh income.<br \/>\nThe combined income of all individual tax filers rose to Rs 21.27 lakh crore in AY 2015-16 from Rs 18.41 lakh crore in the previous year.<br \/>\nMaximum number of 1.33 crore individuals were in Rs 2.5 lakh to Rs 3.5 lakh income group in AY 2015-16.<br \/>\nIn all, 4.35 crore income tax returns, including those by individuals, were filed in AY 2015-16. Total income declared was Rs 33.62 lakh crore.<br \/>\nIn the previous year, 3.91 crore returns were filed with Rs 26.93 crore declared income.<br \/>\nCompanies filed 7.19 lakh returns with gross income of Rs 10.71 lakh crore. <\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>New Delhi: Just over 2 crore Indians, or 1.7 percent 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 the assessment year 2015-16 (FY 2014-2015) from 3.65 crore in the previous year [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":15681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[312,315],"tags":[],"class_list":["post-15680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-top-stories"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/15680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=15680"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/15680\/revisions"}],"predecessor-version":[{"id":15682,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/15680\/revisions\/15682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/15681"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=15680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=15680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=15680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}