Just 1.7% of the total population, paid income tax in the assessment year (AY) 2015-16

According to the data released by I-T department, just over 2 crore Indians, or 1.7 per cent of the total population, paid income tax in the assessment year (AY) 2015-16.

-The number of income-tax return filers increased to 4.07 crore in assessment year 2015-16 (FY 2014-2015) from 3.65 crore in the previous year but only 2.06 crore actually paid tax as the others claimed income below taxable limits.
-In the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax.
-But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15.

-Data indicates that just over 3 per cent of the 120 crore population filed returns. Of these, 2.01 crore paid nil income tax, 9,690 paid tax of over Rs 1 crore.
-Only one individual paid over Rs 100 crore in taxes (Rs 238 crore to be precise).

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