Population of India has crossed 120 Crores or more 1.2 billion.
Looking at the total number of Income tax payers in India, at present, there are 35 million tax payers in India which has increased from 28.4 million taxpayers in 2002 to 31.5 million tax payers in 2006 in India which is nearly 3-4% of the total population of India which is quite low as compared to the developed economies which have nearly 44% of the total population paying taxes out of the total population of 310 million.
The numbers mentioned above are for Income Tax payers only, but there are a lot of transactions happening around the country in the form of indirect taxes especially Service Tax
This huge gap between the India & United States tax payers is mainly because of the organised sectors & industry in US & online bank transfers happening over there as against people paying in cash to labour & agricultural workers who doesnt come under the tax bracket. This huge gap is expected to reduce in the coming years because of the expected orgainsed sector boom in India i.e Retail, Infrastructure, IT etc
I would also like to mention here about the advance Tax collection numbers which Indian Govt collect every year is close to 1000 Crores or 10 billion
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