Question

In India tax evasion is high at:

• A. 20 %
• B. 15%
• C. 30%
• D. 18%

Answer 1

The correct option is A 20 %

India's top tax rate is currently 30 per cent. But it is not just the rich evading their taxes. Less than 3 per cent of Indians file income-tax returns at all, and officials said only about 1.5 million taxpayers claim they earn more than one million rupees per year. In the current year, of the 76 lakh individual assesses who declared income of above Rs 5 lakh, 56 lakh are in the salaried class.