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Only 1% Indians pay Income Tax while 95% of remaining do only cash transactions & aid Black Money accumulation


Tax Evasion and Accumulation of Black Money
22 Dec 2016
Categories: Did you know

December,22,2016:Amitabh Kant,Chief Executive Officer,NITI Aayog said that just one per cent of the India's more than 1.25 billion population pays Income Tax.

While addressing a Workshop on Cashless Transaction organised by National Disaster Response Force (NDRF), Kant futher added that India cannot afford as high as 95 per cent of its economy making cash transactions if economy has to be taken from USD 2 trillion to USD 10 trillion by 2030.



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