One Percent Indians only Pay Income Tax

Only 1 Per Cent Indians Pay Income Tax – Over the last six years, the growth in the total income tax collected has slowed down considerably. Taxpayers account for just about one per cent of India’s population, but tax outgo was over Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13. As part of a transparency drive, the government has made public direct tax data for last 15 years. Data for individuals has been published only for 2012-13 assessment year, which shows taxes for income in financial year ended March 31, 2012. A total of 2.87 crore individuals filed income tax returns for that year, but 1.62 crore of them did not pay any tax — leaving the number of taxpayers at just about 1.25 crore which was close to one per cent of the country’s total population of about 123 crore at that time. The tax outgo was less than Rs. 1.5 lakh for a vast majority of nearly 89 per cent taxpayers (over 1.11 crore). Their average tax payable was just about Rs. 21,000, while the collective amount stood at over Rs. 23,000 crore. The three individuals in the top-bracket of Rs. 100-500 crore paid a total tax of Rs. 437 crore — resulting in an average tax outgo of Rs. 145.80 crore. As many as 5,430 individuals paid income tax of over Rs. 1 crore. Out of this, the tax range was Rs. 1-5 crore for more than 5,000 individuals, resulting in a total outgo of Rs. 8,907 crore. As per the overall data, total income tax collections rose nine-fold to Rs. 2.86 lakh crore in 2015-16, from Rs. 31,764 crore in 2000-01. The data further said that the bulk of individuals who filed returns for the assessment year 2012-13 earned an annual salary between Rs. 5.5 lakh and Rs. 9.5 lakh. Over 20.23 lakh taxpayers earned Rs. 5.5-9.5 lakh, while their cumulative salary earnings stood at Rs. 1.40 lakh crore in the financial year 2011-12. Further 19.18 lakh individuals earned salary of Rs. 2.5-3.5 lakh that year. Six individuals fell in the high-end earning bracket of Rs. 50-100 crore of salary income. In the salary range of Rs. 1-5 crore, there were as many as 17,515 individuals. Nearly 2.87 crore salary earners filed their I-T returns in assessment year 2012-13. The total number of individuals who paid income tax in 2011 was 4 crore; that number climbed only to nearly 5 crore for 2014. For the year 2014-15, Maharashtra collected the maximum direct tax (which includes corporate tax and individual income tax) of Rs. 2.77 lakh crore, followed by Delhi at Rs. 91,274 crore , Karnataka, Tamil Nadu and Gujarat. Over the last six years, the growth in the total income tax collected has slowed down considerably. The growth rate in the collection of taxes was nearly 18 per cent in 2010, down last year to about 6.7 per cent. Source: NDTV

Too Many Public Complaints – Move Faster – Says Modi

Through several websites and online for a, the Prime Minister’s Office has been collecting a high volume of complaints

Prime Minister Narendra Modi has warned top bureaucrats that within a month, they need to prove that public complaints about poor services are being promptly addressed and then resolved.

The Prime Minister Mr. Narendra Modi has said all cases must be closed within 60 days of the complaint being registered without fail.

His comments were made at a session on Wednesday of when he addressed officers, some of them via videoconference. The meeting was called to review the progress being made under PRAGATI – an acronym for a web-based platform that collects complaints, and then tracks their progress through government departments.

Through several websites and online for a, the Prime Minister’s Office has been collecting a high volume of complaints about hardship to the public because of delays in acknowledging and processing complaints about government departments.

The PM stressed that efficient handling of complaints is a key component of his “minimum government, maximum governance” focus.

The PM called for a comprehensive district-wise check across the country to check on how many citizen-centric services are electronically offered.

He also reviewed the progress of vital infrastructure projects in the road, railway, power, and oil sectors spread over several states including Madhya Pradesh, Haryana, Rajasthan, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, and Bihar.

He also asked officials to work urgently on integrating land records online with Aadhar – the world’s largest biometric database which has registered the fingerprints and iris signatures of nearly a billion Indians in an effort to streamline the payment of benefits and end the siphoning of subsidies meant for the under-privileged.

Source: NDTV

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Col Lamba ( one man army )

Indian Navy Conducts Families Day At Sea In Goa - NDTV

Updated: December 19, 2015 14:07 IST

 

The families and guests at the function witnessed high speed manoeuvers by ships, transfer of personnel between ships.

 

Panaji, Goa:  As part of Navy Day 2015 celebrations, a Families Day at sea was conducted in Goa onboard Indian Navy Ships (INS) Mysore, Tarkash and Cankarso.

Goa Governor Mridula Sinha embarked onboard INS Mysore as chief guest with over 1000 families and guest of naval personnel and defence civilian employers yesterday.

Rear Admiral Puneet K Bahl, VSM Flag Officer Goa Naval Area was also embarked onboard Mysore.

The families and guests witnessed high speed manoeuvers by ships, transfer of personnel between ships, Search and Rescue demonstration by Naval helicopters, close range anti-aircraft firing and demonstration by various aircraft of the Indian Navy during the day.

Story First Published: December 19, 2015 14:07 IST

No More Piracy in Gulf to Aden, Says Indian Navy - NDTV

 

Navy Day is celebrated on December 4 to commemorate the Indian Navy's heroic actions that dealt a paralyzing blow to the Karachi Harbour.

 

Mumbai:  Not a single case of piracy has been reported since the Indian Navy deployed a ship in the Gulf of Aden, Vice-Admiral SPS Cheema, Flag Officer Commanding of the Western Naval Command said.

"Our economy is directly linked to growth in trade. Most of our energy needs are fulfilled through the ocean. We have been providing 24x7 security for 365 days to our oil rigs so that no terrorist can attack them. What we do reaches the common man and we impacts one billion lives," Vice-Admiral Cheema said, speaking on Navy Day on board India's new aircraft carrier, INS Vikramaditya.

"We have women officers in the navy who are doing a fantastic job. All roles are being contemplated for lady officers. Certain ships have to re-designed to accommodate lady officers. But we are very happy with our lady officers and their performance," Vice-Admiral Cheema said when asked if the Indian Navy was considering combat roles for women after the Indian Air Force decided to train women as fighter pilots of the Indian Air Force in a move that breaks a glass ceiling that has existed for decades.

Speaking on preventing sea-borne attacks and the threat from ISIS, Vice-Admiral Cheema said, "The Navy is responsible for maritime security. Navy has to ensure coordination between Coastal Police and Coast Guard. We have set up a joint operation centre with modern technology to coordinate with various agencies. We are trying to give our fishermen bio-metric cards. They are our first eyes and years and we have tried to win their hearts and minds."

Navy Day is celebrated on December 4 to commemorate the Indian Navy's heroic actions that dealt a paralyzing blow to the Karachi Harbour, destroying ships at anchorage and oil tanks.  These actions ultimately resulted in India's victory in the 1971 war and the liberation of Bangladesh.

              

[ NDTV ] Story First Published: December 04, 2015 22:01 IST

 

Indian Air Force Chief Arup Raha Hopeful of Rafale Deal by Year End - NDTV

 

According to sources, at least one of the Rafale squadrons is expected to be based in Hasimara. (Press Trust of India file photo)

Hasimara:  Indian Air Force chief Air Chief Marshal Arup Raha today hoped the deal between India and France for Rafale fighter jets would be signed before end of this year.

Asked when was the deal for 36 Rafale jets in fly-away condition expected to be inked, the Indian Air Force chief told IANS: "I hope it will happen by the year end."

"We expect it to happen quickly," he said.

Hasimara, around 15 km away from India-Bhutan border, has a crucial air base of India in the eastern sector. It has two squadrons of MiG 27s, which are likely to be phased out in the next few years.

According to sources, at least one of the Rafale squadrons is expected to be based in Hasimara.

At an interaction with journalists earlier, Air Chief Marshal Arup Raha said that Rafale was one of the replacements for the MiGs being phased out.

"The MiG 27, the ones which have not been upgraded, are going to retire in next 2-3 years. We have a roadmap for replacements," he said.

"Rafale is on the table. There are Su30 MKIs, the ones being made in India, and the LCA," he said.

The IAF currently has 33 combat squadrons against a sanctioned strength of 39.5, which is sought to be raised to 42.

President Pranab Mukherjee today honoured two squadrons based at Hasimara, the 18 Squadron and the 22 Squadron, with President's Standard.

              

[NDTV]Story First Published: November 28, 2015 19:37 IST