Bhai, that document(s) I read each year. Only then i post / comment.
First, you have attached All Taxpayer. That number includes Firms / HUF / Companies / Everything.
Also note, Foreigners with Resident tax status also counted in individuals.
Context is personal IT cut in budget. Corporate already given.
View attachment 39921
Also that's why i asked you to Google. bcos the interpretation you are taking is very high.
In that 5.52 Cr, almost 2.5 Cr will be Inr. 0 tax payers, they will refund or/and make tax liability as 0.
Now, that 2 Cr ppl you mention who have not filed, are definitely ppl who will be having TDS in few hundreds/thousands only. I dont know anyone who can refund 10k or 1L and just skip filing return.
View attachment 39923
so again,
even higher side 5.5 / 133 = 4% ( This is what I said, 3-4% ) whereas i would actually consider only 4 Cr.
Now that in contrast to 15% is way off. (
@siddhant4u bhai and news papers are at 2% only
which is realistic in terms of tax payers with considerable tax amount )
My last post, everyone can interpret how they want, i thought i'll put my weekend time to rest the brain.
Edit: Quoted source(s)
https://www.incometaxindia.gov.in/Documents/Direct Tax Data/IT-Return-Statistics-Assessment-Year-2018-19.pdf