Good news for Income Tax department and Government of India. Due to recent effort by Government and post demonetization, there are additional One crore individual paid Income Tax.
There comparative figure is 5.70 crore in 2015-16 where as the number of people paying taxes were 6.26 crore in 2016-17.
A top official from Income Tax Department commented “As on date, we have got 6.26 crore assesses. It is a myth that we have 3-4 crore… assesses who have filed returns, paid advance tax or tax has been deducted at source.
The government has taken several measures to widen the tax base and has launched a sustained campaign against black money in the past three years.
Data has also shown that post-demonetization, there has been a sharp jump in the number of people filing tax returns.