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Features Of Tax Structures In India

  1. Tax revenues 15% of NYAmong third world, India is one of the highest taxed countries.
  2. Tax collection has increased from Rs. 460 cr. In 1951–52 to more than Rs. 1158000 cr. In 20010–11.
  3. Direct : Indirect Tax Ratio

1950–51 40 : 60

1990–91 20 : 80

2009–10 41 : 59%

  1. Population of the economy is more than 115 cr. But only 2.5% of population is liable to pay income tax. Thus Indian tax structures lies on narrow base of population.
  2. Indian agriculture is exempt from tax.





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