Varun
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All fine and dandy, but what do we ever get back for this money?
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Contact the PP Team
Indian income tax collection at record ₹10.03 lakh crore
- Thread starter Varun
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All fine and dandy, but what do we ever get back for this money?
more weapons and less toilet to fight Muslims of India by RSS?
Great, India on its way to become one of the true force in the world, they just need to get rid of extremists from politics and media to get there.
)
Syed1
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What the heck is a lakh corore... my God if you are talking in English just use millions and billions.
cricketjoshila
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$143bn.
is it significant amount, the way India's economy is going in upward trajectory, I thought it would be more?
Adijazz1706
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A statewise breakdown, especially in per capita terms would show exactly where the rest of it is
It's 4-4.5 times more than that of Pakistan, despite them having 6 times more population. Their remittances are 3.5 times more.
The significant point of difference, their Foreign Direct Investment is nearly 20 times more than that of Pakistan. This is something Imran Khan needs to work at.
Where do you get these made up numbers from anyway?
$143 bn is about 12X Pakistan's $12B IT collection, not "4-4.5 times".
https://www.arabianbusiness.com/pol...tan-about-embark-on-new-path-under-imran-khan
You really don't know what the Central Government provides for Indians?
Roads, bridges, railways (which is subsidized by the Central Government), defense forces to protect the country, subsidized food for the poor, various forms of pensions for the poor (https://en.wikipedia.org/wiki/National_Social_Assistance_Scheme), a legal infrastructure to make commerce possible, etc. etc.
And yes, some of the money is also stolen by politicians and bureaucrats.
Gollum
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Works out to less than $100 per Indian. Nothing to brag about.
Wonderwoman
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Your maths really sucks. Should not opt for STEM courses.
Varun
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"Some".
WhenSultansBowled
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https://www.newsweek.com/india-introducing-free-healthcare-500-million-people-1075607
That's the way to go. For too long the poor people of India (and Pakistan) have suffered.
This tax money should help!
Varun
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Keep in mind this is only income tax. Us middle class folks are also double taxed even if we buy a cup of chai and pay GST on the same.
Add all of that and the figure is gargantuan.
Some day we will reach perfection, and all our politicians and bureaucrats will be 100% honest. Till then we got to work with what we have.
Liberalization (removal of government controls) and introduction of electronic records has massively reduced the amount of corruption as a percentage of the GDP.
Gabbar Singh
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No one likes to pay tax but what is the alternative?
Also when it comes to tax revenue as a % of GDP India still have a long way to go.
Also when it comes to tax revenue as a % of GDP India still have a long way to go.
cricketjoshila
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This is just income tax. Not total revenue.
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