Only 4% Indians filed tax returns in 2015-16

INVtaxData released by the government showed just over 1 million income tax assesses in India declared income in excess of Rs.1 million a year.

The Income Tax Department released Time Series Data for Financial years 2000-02 to 2014-15, to encourage wider use and analysis. PM Narendra Modi said it was a ‘landmark’ decision to publish income tax data, as it is a big step towards transparency and informed policy making.

Direct taxes made up for 36.31% of the total taxes in 2000-01, and the ratio rose to 51% in 2015-16.