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Union Budget 2017: 76 lakh Indians Earn over Rs 5 lakh

  • Budget 2017 Railway Budget, Budget 2017, Budget 2017 Highlights, Budget 2017 Speech, Budget 2017  Aurn Jaitley Speech, Budget 2017 Result, Budget 2017 Updates, Budget 2017 Live, Budget 2017 Economic Survey, Union Budget 2017
    An official showing the copy of Union Budget 2017-18 at Parliament after its presentation in the Lok Sabha in New Delhi

    Finance Minister Arun Jaitley said that the direct tax collection is not commensurate with the income and expenditure pattern

  • Budget 2017 Railway Budget, Budget 2017, Budget 2017 Highlights, Budget 2017 Speech, Budget 2017  Aurn Jaitley Speech, Budget 2017 Result, Budget 2017 Updates, Budget 2017 Live, Budget 2017 Economic Survey, Union Budget 2017
    Prime Minister Narendra Modi during presentation of the Union Budget 2017-18 in Lok Sabha in New Delhi (2)

    Of the 76 lakh individual assesses who declared income of above Rs 5 lakh, 56 lakh are in the salaried class

  • Budget 2017 Railway Budget, Budget 2017, Budget 2017 Highlights, Budget 2017 Speech, Budget 2017  Aurn Jaitley Speech, Budget 2017 Result, Budget 2017 Updates, Budget 2017 Live, Budget 2017 Economic Survey, Union Budget 2017
    Textiles Minister Smriti Irani at Parliament House during the Budget session in New Delhi

    Arun Jaitley placed before Parliament data exposing the gap between tax collection and income and consumption patterns of the economy even as he announced steps to widen the tax net

  • Budget 2017 Railway Budget, Budget 2017, Budget 2017 Highlights, Budget 2017 Speech, Budget 2017  Aurn Jaitley Speech, Budget 2017 Result, Budget 2017 Updates, Budget 2017 Live, Budget 2017 Economic Survey, Union Budget 2017
    1.95 crore showed income between Rs 2.5 lakh and Rs 5 lakh; 52 lakh showed income between Rs 5 lakh and Rs 10 lakh, and only 24 lakh people ...

    Among the 3.7 crore individuals who filed tax returns in 2015-16, 99 lakh showed income below the exemption limit of Rs 2.5 lakh per annum

  • Budget 2017 Railway Budget, Budget 2017, Budget 2017 Highlights, Budget 2017 Speech, Budget 2017  Aurn Jaitley Speech, Budget 2017 Result, Budget 2017 Updates, Budget 2017 Live, Budget 2017 Economic Survey, Union Budget 2017
    "During the period November 8 to December 30, 2016, deposits between Rs 2 lakh and Rs 80 lakh were made in about 1.09 crore accounts with ...

    Arun Jaitley said India's tax to GDP ratio is very low, and the proportion of direct tax to indirect tax is not optimal from the view point of social justice.

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