This includes salaried income, income from house property, business income, and interest income. It is those who pay an income tax of above ₹1.5 lakh who actually pay the bulk of the income tax paid by individuals (see chart 4). ■ A bulk of the people who file income tax returns do not pay any income tax. In AY13, only 43.6% of the income tax return filers paid income tax. One reason for this lies in the fact that as people earn more over the years, they start paying tax or paying tax at a higher rate.

Source: Mint October 21, 2019 18:20 UTC