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#WMS Salaried Class Bears Income Tax Burden | What Mutual Funds Bought | IRCTC Q3
Original: #WMS Income Tax భారాన్ని మోస్తున్న Employee class | Mutual Funds ఏ Stocks ని కొన్నాయి | IRCTC Q3
Takeaway
India's salaried class pays far more tax than self-employed professionals — CBDT data shows a 55% drop in taxpayers post-87A rebate.
Summary
- CBDT data: number of taxpayers reporting tax payable dropped 55% in AY 2018-19 vs 2019-20 — section 87A rebate hike enabled lower-bracket exemption
- Salaried class shoulders most income tax burden — businessmen and professionals (doctors, lawyers, CAs) pay much less proportionally
- Sample: salaried employee pays Rs 76,013-76,316 in tax vs IT professional/business class paying Rs 25,753
- CBDT noted disproportionate burden by employee class
- IRCTC Q3 results plus mutual fund stock-buy disclosures covered
income taxsalariedCBDT
Original description
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