Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-The Hindu<br><br><i>The number of tax returns filed has gone up but collections have not shown a commensurate increase<br></i><br>The Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY 2013-14. Also, the number of taxpayers reporting income greater than ?1 crore has reached 1,40,139, an increase of 60% between assessment year (AY) 2014-15 and 2017-18.<br><br>However, the tax collections have not shown commensurate increase. Collections have grown at a decent compound rate of about 13% per annum. More surprisingly, the average income reported by rich Indians (those in the highest tax slab) has decreased. In fact, over the last five years, the share of the richest top 1% in the total tax collected has decreased by almost four percentage points. The same is the case with the top 5% income earners (graph 1). In contrast, relatively low income groups are paying a larger proportion of the tax collected. How can this be, given that the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before (graph 2)?<br><i></i></div><div align="justify">&nbsp;</div><div align="justify"><img mce_src="https://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" alt="Tax" src="http://www.im4change.orghttps://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" width="660" height="625"> <br></div><div align="justify">&nbsp;</div><div align="justify"><i>Under-reporting still a concern</i><br><br>While for the low tax slabs, the average reported income has also increased, this is not the case with high income groups. After 2016, the average income reported by those in the highest tax slab is 13% less than their average just before 2016. Apparently, a number of high-income individuals (HIIs) grossly under-report their income. Clearly, the Income Declaration Scheme of 2016 and other official measures announced to stem tax evasion by the rich have failed to achieve the desired results.<br><br>Please <a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true">click here</a> to read more. <br></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" class="re" target="_blank">The Hindu, 30 October, 2018, https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">Who pays taxes and who doesn&#039;t -Ram Singh</h1>
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                            <div align="justify">-The Hindu<br><br><i>The number of tax returns filed has gone up but collections have not shown a commensurate increase<br></i><br>The Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY 2013-14. Also, the number of taxpayers reporting income greater than ?1 crore has reached 1,40,139, an increase of 60% between assessment year (AY) 2014-15 and 2017-18.<br><br>However, the tax collections have not shown commensurate increase. Collections have grown at a decent compound rate of about 13% per annum. More surprisingly, the average income reported by rich Indians (those in the highest tax slab) has decreased. In fact, over the last five years, the share of the richest top 1% in the total tax collected has decreased by almost four percentage points. The same is the case with the top 5% income earners (graph 1). In contrast, relatively low income groups are paying a larger proportion of the tax collected. How can this be, given that the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before (graph 2)?<br><i></i></div><div align="justify">&nbsp;</div><div align="justify"><img mce_src="https://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" alt="Tax" src="http://www.im4change.orghttps://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" width="660" height="625"> <br></div><div align="justify">&nbsp;</div><div align="justify"><i>Under-reporting still a concern</i><br><br>While for the low tax slabs, the average reported income has also increased, this is not the case with high income groups. After 2016, the average income reported by those in the highest tax slab is 13% less than their average just before 2016. Apparently, a number of high-income individuals (HIIs) grossly under-report their income. Clearly, the Income Declaration Scheme of 2016 and other official measures announced to stem tax evasion by the rich have failed to achieve the desired results.<br><br>Please <a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true">click here</a> to read more. <br></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" class="re" target="_blank">The Hindu, 30 October, 2018, https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">Who pays taxes and who doesn&#039;t -Ram Singh</h1>
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                            <div align="justify">-The Hindu<br><br><i>The number of tax returns filed has gone up but collections have not shown a commensurate increase<br></i><br>The Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY 2013-14. Also, the number of taxpayers reporting income greater than ?1 crore has reached 1,40,139, an increase of 60% between assessment year (AY) 2014-15 and 2017-18.<br><br>However, the tax collections have not shown commensurate increase. Collections have grown at a decent compound rate of about 13% per annum. More surprisingly, the average income reported by rich Indians (those in the highest tax slab) has decreased. In fact, over the last five years, the share of the richest top 1% in the total tax collected has decreased by almost four percentage points. The same is the case with the top 5% income earners (graph 1). In contrast, relatively low income groups are paying a larger proportion of the tax collected. How can this be, given that the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before (graph 2)?<br><i></i></div><div align="justify">&nbsp;</div><div align="justify"><img mce_src="https://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" alt="Tax" src="http://www.im4change.orghttps://im4change.in/siteadmin/tinymce/uploaded/Tax.jpg" width="660" height="625"> <br></div><div align="justify">&nbsp;</div><div align="justify"><i>Under-reporting still a concern</i><br><br>While for the low tax slabs, the average reported income has also increased, this is not the case with high income groups. After 2016, the average income reported by those in the highest tax slab is 13% less than their average just before 2016. Apparently, a number of high-income individuals (HIIs) grossly under-report their income. Clearly, the Income Declaration Scheme of 2016 and other official measures announced to stem tax evasion by the rich have failed to achieve the desired results.<br><br>Please <a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true">click here</a> to read more. <br></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true" class="re" target="_blank">The Hindu, 30 October, 2018, https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true</a><div class="clear"></div>
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Who pays taxes and who doesn't -Ram Singh

Published on Oct 30, 2018   Modified on Oct 30, 2018

-The Hindu The number of tax returns filed has gone up but collections have not shown a commensurate increase The Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY 2013-14. Also, the number of taxpayers reporting income greater than ?1 crore has reached 1,40,139, an increase of 60% between assessment year (AY) 2014-15 and 2017-18. However, the tax collections have not shown commensurate increase. Collections have grown at a decent compound rate of about 13% per annum. More surprisingly, the average income reported by rich Indians (those in the highest tax slab) has decreased. In fact, over the last five years, the share of the richest top 1% in the total tax collected has decreased by almost four percentage points. The same is the case with the top 5% income earners (graph 1). In contrast, relatively low income groups are paying a larger proportion of the tax collected. How can this be, given that the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before (graph 2)?     Under-reporting still a concern While for the low tax slabs, the average reported income has also increased, this is not the case with high income groups. After 2016, the average income reported by those in the highest tax slab is 13% less than their average just before 2016. Apparently, a number of high-income individuals (HIIs) grossly under-report their income. Clearly, the Income Declaration Scheme of 2016 and other official measures announced to stem tax evasion by the rich have failed to achieve the desired results. Please click here to read more.

The Hindu, 30 October, 2018, https://www.thehindu.com/opinion/op-ed/who-pays-taxes-and-who-doesnt/article25363404.ece?homepage=true

Tagged with: tax buoyancy Tax Burden tax collection Income Tax Income Tax Evasion Central Board of Direct Taxes (CBDT)

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