1.7% Indians Paid Income Tax in 2015-16

Just over 2 crore Indians, or 1.7% of the total population, paid income tax in the assessment year 2015-16.

The number of income-tax return filers increased to 4.07 crore in 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.

In the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax.

But the total income tax paid by individuals declined to ₹1.88 lakh crore in AY 2015-16 from ₹1.91 lakh crore in AY 2014-15.

The data indicates just over 3% of the 120 crore population filed returns.

Of these, 2.01 crore paid nil income tax, 9,690 paid tax of over ₹1crore.

Only one individual paid over ₹100 crore in taxes (₹238 crore to be precise).

Maximum among of 19,931 crore was collected from 2.80 crore tax filers who paid between ₹5.5 lakh to ₹9.5 lakh in taxes.

As many as 1.84 crore returns were filed for payment of income tax of less than ₹1.5 lakh or an average of ₹24,000.

Of the 4.07 crore tax returns field in AY 2015-16, close to 82 lakh showed zero or income less than ₹2.5 lakh.

Currently, no income tax is for income up to ₹2.5 lakh.

In AY 2014-15, 3.65 crore filed tax returns with 1.37 crore showing zero or less than ₹2.5 lakh income.

The combined income of all individual tax filers rose to ₹21.27 lakh crore in AY 2015-16 from ₹18.41 lakh crore in the previous year.

Maximum number of 1.33 crore individuals were in ₹2.5 lakh to ₹3.5 lakh income group in AY 2015-16.

In all, 4.35 crore income tax returns, including those by individuals, were filed in AY 2015-16. Total income declared was ₹33.62 lakh crore.

In the previous year, 3.91crore returns were filed with ₹26.93 crore declared income.

Companies filed 7.19 lakh returns with gross income of ₹10.71lakh crore.

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