In the 125 corer population of India, income tax return filers are only 3.42 corer. It means only 2.74% people files the income tax return. We can say 97.26% peoples depend upon 2.74% peoples of the country.
Income Range of the taxpayers in India
Now let’s study the income analysis of the taxpayers.
|Income Range||Number of taxpayers||Percentage|
To 5 lakh
5 lakh to 20 lakh
20 lakh to 50 lakh
50 lakh to 1 corer
More than 72% taxpayer’s income is less than 5 lakh and there are only 0.30% people whose annual
income is more than one corer.
Different category of taxpayers in India
Out of 3.42 corer return filers 1.67 corer are the salary earners people who has filed ITR 1 or ITR 2 forms. It means 49% peoples are the salary earners who filed the income tax returns. So 51% people are either businessman or corporate entities who have filed the income tax returns. Following table explains the category of taxpayers who filed the return.
|Form No.||Category of taxpayers||Number of taxpayers||Percentage|
earners having one house property and income from other sources
earners having more than one house property /capital gain/casual income/foreign
having income from partnership firm
income calculated on presumptive basis
Income when not calculative as per presumptive basis
entity is partnership firm, AOP or BOI
|ITR-6||Companies other than
companies claiming exemption under section 11
|ITR-7||This Form can be used by
persons including companies who are required to furnish return under section
139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
Data source: incometaxindiaefiling.gov.in