Amid continuous efforts for widening and deepening the taxpayer base in the country, the Central Board of Direct Taxes (CBDT) has said that the number of salaried and non-salaried taxpayers surged during a 3-year period (assessment year 2014-15 to 2017-18). As per the CBDT data report, the number of salaried taxpayers rose 37% to 2.33 crore in assessment year (AY) 2017-18 from 1.70 crore in assessment year 2014-15.
The report also showed increase of 19% in the average income declared by the salaried taxpayers over last 3 years, while the average income declared by non-salaried taxpayers increased by 27% from Rs 4.11 lakh in AY 2014-15 to Rs 5.23 lakh in AY 2017-18. Besides, the number of non-salaried individual taxpayers also surged by 19% during the reported period of 3 years to 2.33 crore from 1.95 crore.
CBDT also highlighted that that the average tax paid by the corporate taxpayers increased by 55% from Rs 32.28 lakh in AY 2014-15 to Rs 49.95 lakh in AY 2017-18, while there is also an increase of 26% in the average tax paid by individual taxpayers from Rs 46,377 in AY 2014-15 to Rs 58,576 in AY 2017-18.