Friday, May 7, 2021
Home News Reports Income Tax Department clarifies that PM Narendra Modi was correct when he said only...

Income Tax Department clarifies that PM Narendra Modi was correct when he said only 1.5 crore people pay income tax

When PM Modi said that only 1.5 crores pay income tax, he was not lying or giving a much less figure as alleged. In fact, he had rounded up 1.46 crore to 1.50 crore.

Yesterday prime minister Narendra Modi made some comments about income tax payers in India which was attacked by may left-liberals claiming he was giving false numbers. Speaking in Times Now Summit 2020 on 12 February, PM Modi had said that in a country of 130 crore, only 1.5 crore people pay income tax.

Eager to prove that the prime minister was lying, usual suspects started claiming that the actual number of taxpayers is much higher as per the government’s own data. A report published by PIB in October was cited by them, which had said that the number of returns filed had gone up from 3.31 crore in 2013-14 to 5.44 crore in 2017-18. Therefore, the number of people of who paid tax was 5.44 crore, and not 1.5 crore as Modi said, they claimed.

Most people accusing Modi of lying assumed that the number of people who filed income tax return equals to the number of people who actually paid Income Tax. They forgot one basic fact that everyone who earns income is required to file income tax returns, but not all of them are required to pay tax. People need to pay tax only if their income is above the minimum slab in the income tax for a year, and a large number of file returns with zero taxable income as per the slab.

To dispel the false allegations of fake data against the PM, the Income Tax department has issued clarifications saying that the numbers given by Modi were correct. In a series of tweets, the tax dept said that in the financial year 2018-19, 5.78 crore individuals had filed income tax returns. Out of them, 1.03 crore people showed income below Rs 2.5 lakh and 3.29 crore people disclosed income between Rs 2.5 and Rs 5 lakh. This means out of total 5.78 crore returns, 4.32 crore declared income below Rs 5 lakh. The budget in 2019 had exempted taxpayers with up to Rs 5 lakh income from paying tax, therefore, these 4.32 crore people were not required to pay any tax on income. As a result, only the remaining 1.46 crore actually paid income tax.

So, when PM Modi said that only 1.5 crores pay income tax, he was not lying or giving a much less figure as alleged. In fact, he had rounded up 1.46 crore to 1.50 crore.

Earlier, another baseless allegation was made against Modi regarding the same speech. Talking specifically about professionals, Modi had said that only 2200 professionals like lawyers, doctors, Chartered Accountants, Bollywood stars etc declare income of more than Rs 1 crore. But several pro-Congress journalists had deliberately misinterpreted him by saying that he said the number of people declaring income above Rs 1 crore is 2200, while the real number is around 1 lakh. They had deliberately ignored that Modi was only talking about professionals, and not overall taxpayers. The I-T dept said that only about 2200 professionals such as Doctors, Chartered Accountants, Lawyers others have disclosed annual income of more than Rs 1 crore from their profession, therefore the number given by PM Modi was absolutely correct.

The department also informed that around 8,600 people have declared above Rs 5 crore, and around 3.16 lakh individuals disclosed income above Rs 50 lakh for 2018-19.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

USA: Separatist group ‘Black Hammer’ acquires 200 acres of Colorado Land to create independent Communist city

Radical anti-Semite, anti-white group collects about $65,000 to establish a communist utopia on a Colorado mountain top.

This only hurts nation: Several CMs, including YS Jagan Mohan Reddy slam UPA’s Jharkhand CM for petty politics over call by PM Modi

Jharkhand CM Hemant Soren took potshots at PM Modi, after he called to inquire about ongoing Coronavirus pandemic in the State

Delhi’s Covid black marketing: Day after 419 oxygen concentrators were recovered, 96 more recovered from Khan Market restaurant

The Delhi Police has recovered 96 oxygen concentrators from one Khan Chacha restaurant at Khan Market in Delhi.

Rahul Gandhi attacks construction of new parliament as ‘wastage’ while his Maharashtra govt is spending 900 crores on MLA residences

Ever since the much-needed ambitious project was launched by the Modi government, Rahul Gandhi and his Congress party have been indulging in politicising the issue by asking the government to shelve its plans on the central vista project.

Left-leaning Twitter and ISIS seem to have the same threads of fascism that bind them: Here is how

After the political upset for BJP, Mamata Banerjee took the reigns and a spate of unimaginable violence was unleashed on those who worked for BJP or those who had supported the party in the state.

PM Modi calls several CMs to take stock of the COVID-19 situation in their state, Jharkhand CM uses that to play politics: Details

Jharkhand CM Hemant Soren took potshots at PM Modi, after latter had called to inquire about ongoing COVID-19 pandemic in the State

Recently Popular

Comedian Sanket Bhosale who had featured in ad mocking Rahul Gandhi booked for violating Covid-19 norms in Punjab

A week after the vandalism by the Congress workers in Mumbai, the Congress-led Punjab government has now booked comedian Sanket Bhosale, the actor featured in the advertisement, on the pretext of violating Covid-19 regulations during his wedding.

Cricketer Irfan Pathan accused of extra-marital affair with cousin sister, girl’s in-laws allege fake dowry case

According husband of the woman, the relationship between his wife and Irfan Pathan goes back a long time ago and continues even now

21-year-old college student raped and murdered in Medinipur district in West Bengal, 3 including a woman arrested

West Bengal police arrested 2 masons and their female aide for rape and murder of a college student, who have confessed to the crime

Scroll journalist mischievously shares misleading, old report to insinuate that union govt is funding a trial of using Gayatri Mantra to treat Covid-19

While AIIMS Rishikesh is testing using gayatri mantra along with usual treatment for Covid-19, fake news claims it as standalone treatment

Aam Aadmi Party’s Raghav Chadha defies logic while giving calculations on cryogenic tanks and medical oxygen

One feels that if Aam Aadmi Party leaders focus on resolving the oxygen crisis instead of overusing their tiny brain for absurd calculations, they could perhaps save a few lives.

‘Out of control’ Chinese rocket falling back on Earth and no one knows where it is going to crash: Details

After launching space station hub, China's Long March 5B is doing 27,600km/h in failing orbit, with eventual crash site unknown.
- Advertisement -

 

Connect with us

254,803FansLike
538,796FollowersFollow
24,300SubscribersSubscribe