How depressing is it for India that cheating on taxes is a national pastime and only 2 - 3 percent pay them?
Much as I abhor the complexity of the US tax system (go flat tax!), at least most taxpayers in the US actually pay.
Much as I abhor the complexity of the US tax system (go flat tax!), at least most taxpayers in the US actually pay.
Anyone earning below Rs. 200,000 is exempt from Income Tax
I wouldn't generalise.
http://www.ibtimes.com/how-many-people-india-pay-income-tax-...
The article you reference basically says that of those who owe taxes the only people who don't cheat are the few who work for large corporations who handle the filing of taxes for them.
People in large corporations are well known to turn in fake rent receipts, produce medical receipts of their relatives/neighbors to claim tax benefits. So whatever 2-3% might be paying, aren't paying it completely.
India needs massive tax reforms.