Unevenness in taxes paid by salaried class, biz people: Adhia

TIL Desk/Business/New Delhi/ There is “unevenness” in the taxes paid by the salaried class and business people, as 50 per cent of the 7 lakh companies which file I-T returns show zero or negative income, Finance Secretary Hasmukh Adhia said today.

The government, he said, is working on removing the “unevenness in the tax paid by different classes of people” by using foolproof technological system.

He said the tax payer base has gone up after the GST roll out as well as demonetisation and there has been a concerted effort to make India a tax compliance society.

E-way bill and invoice matching in the new indirect tax regime will help curb evasion, he added. Speaking at the CII post-Budget meet, Adhia said: “In the personal income tax (category), the salaried ones are paying more compared to business people.”

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh crore, which works out to average tax payment of Rs 76,306 per individual salaried taxpayer.