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Is the government bet that the richest taxpayers are going to be extremely rich next year?
There is quite a possibility, if you look at the story behind the numbers.
In 2022-23, 2.9 crore Individuals and HUFS (Hindu undivided family) paid income tax. Of these, about 1.25 crores Declared a pre-tax Total Income of more than Rs 10 lakh It returns to them.
It is safe to say that these people must have crossed Rupee 1.2 million There is an income limit till the time of kicking new income tax rates.
In 2022-23, these people were calculated 60 percent Of the total taxes paid.
And they paid 13 percent His gross income in the form of income tax. (If you feel that it is low, please remember that the richest people in India mostly earn from capital gains, which attracts low taxes.)
Now this is where it becomes interesting.
In 2022-23, these people paid Rupee 5 groups Income tax on total gross income 38 lakh crore rupees,1
In 2025-26, the government is expected to gather 14 lakh crore rupees from them.
Let us assume that some of them will cross Rs 50 lakhs in+ brackets and will have to pay overload on income tax paid by them.
Therefore, it is possible that the effective tax rate will increase 15 percent His gross income.
How much do they have to earn to pay that more income tax? – About this 95 lakh crore rupees,
This means, they have to grow at the rate of gross income 36 percent Between 2022–23 and 2025-26 per year.
