We need to do incremental reforms; 13.6% taxpayers migrated to higher tax bucket in 10 yrs: SK Ghosh, SBI

Data from India's Income Tax department over the past 10 years has debunked the myths that only a small percentage of Indians pay taxes and the majority of tax filers are in the zero tax bracket. About 37% of India's formal labour force, or 85 million people, pay taxes today, according to SK Ghosh, group chief economic adviser at SBI.

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