In India, every citizen who pays personal income tax has a tax card called a "personal permanent account number", which is similar to our national ID card, which follows the taxpayer for a lifetime, and records the income and expenditure of each item, including hotel consumption, medical records, credit status, etc. Pen, fun, and www.biquge.info

But this tax card has another purpose, which is a status symbol, because having a tax card means that you have entered the wealthy 2% of the people in India. According to India's tax system, the individual income tax threshold is 160,000 rupees per year (equivalent to RMB, which is about 16,000 yuan, which is the value of the restructuring before 2011, and it cannot be found before that), the individual income tax rate of 160,000 rupees to 500,000 rupees is 10 percent, the part between 500,000 rupees and 1 million rupees is 20 percent, and the individual income tax is levied at 30 percent for those more than 1 million rupees.

It is worth mentioning that the IIT threshold and the floating range of the tax rate in India will change slightly according to the annual government budget. In addition, the individual income tax thresholds for the elderly, women and people in particularly remote and hardship areas have been raised to varying degrees, with the aim of protecting vulnerable groups. Correspondingly, taxpayers with an annual income of more than INR 1 million are required to pay an additional tax of 10% of the individual income tax.

In addition, the payment of personal income tax in India is linked to deposits. A maximum of Rs. 100,000 per annum may not be included in the tax if the taxpayer deposits a portion of his income in a designated bank on a regular basis.

Based on the above factors, the individual income tax threshold for ordinary taxpayers in India is equivalent to two or three thousand yuan per month salary, which is quite high for Indian people with an average monthly income of less than 1,000 yuan. The current salary level of ordinary university graduates in India is around 2,000 yuan per month, and the monthly salary of general government officials does not exceed 3,000 yuan.

In general, the payment of personal income tax is a matter for a few people in India. About two-thirds of India's population lives in rural areas, and they are not required to pay personal income tax. More than 90% of the jobs in the city are not in the organized sector, meaning that most of these employees are poorly paid and receive a salary in cash. According to statistics from the Ministry of Finance, only 12.5 million people in India have paid their individual income tax, and about the same number of people have filed tax bills, but they are not included in the scope of tax payment. In other words, only 1% of India's population was involved in the payment of personal income tax in that year.

The reason why Shakru suddenly paid attention to this issue was because he received an invitation to a meeting of the tax department, and the Inland Revenue Department of India wanted to change the current individual income tax system, so it wanted to invite people from all walks of life to participate in the meeting to discuss together, and Shaklu received this invitation letter as a representative of the high-income class.

To tell the truth, there are many people who evade taxes in India, and there are many ways to evade taxes, and even many wealthy businessmen change their nationality for this, and Shakru is actually very clear about these methods, but he never thought about tax evasion, not because of his high consciousness, but because he feels that since he has replaced the original little Shaklu, then he will do something to make up for it, and paying more taxes can make his heart feel better, and he is not short of this money.

And he also has no problem with the tax department's proposal this time, because according to the information sent over, India's current individual income tax payment is less than 2.4% of the overall GDP, and the current proportion of total tax revenue is only about 11% of GDP, which is a huge gap with other emerging economies. India's finance minister believes that the reasonable range is 20% to 30%, so there is a real need to increase the collection of personal income tax.

In addition, the low amount of personal income tax payment explains why the Indian government has a high debt ratio and insufficient public expenditure for a long time. Some people also believe that this shows that the Indian government has long adhered to the policy of hiding wealth from the people and supporting the middle class.

But he really didn't want to participate in this meeting, because as far as he knew, this time it was to raise the personal income tax and increase the tax on the rich class, and he Shakru would not have any opinion on increasing the tax amount because of his guilty mentality, but other rich people would definitely not agree to this bill, so Shaklu must not show support for this bill, otherwise he would not be able to mix in this circle in the future.

So this time he sent his assistant Moody to attend, in fact, most of the rich people who were invited dealt with it like this, but unlike others, Shakru was still very concerned about the content of the meeting, so as soon as Moody came back, he asked him about the content of the meeting.

"The first few items were passed very quickly, such as raising the personal income tax threshold for men from Rs.160,000 to Rs.180,000 for annual income, raising the threshold for senior citizens from Rs.240,000 to Rs.250,000, and lowering the age threshold for senior citizens from 65 to 60.

In addition, for the first time, the concept of senior senior citizens has been defined as a threshold for citizens over 80 years of age, with an annual income threshold of Rs. 500,000 and a threshold of Rs. 190,000 for women. Moody reported very seriously.

Shakru waved his hand and said, "Okay, I don't need to go into detail about these small things, let's talk about those more controversial issues." In fact, even if Moody doesn't say it, Shakru can guess that there will be no problems with these items, because the impact of these items is very small, and this small improvement will basically happen every time, and it will not cause any backlash.

"Well, the more controversial issue is only the passage of the article on increasing the expropriation of large and small entrepreneurs, although the controversy caused by the scene is very large, but it was finally passed."

The so-called small entrepreneurs are one of the main groups of urban dwellers in India, who are the typical representatives of the Indian middle class and the most active part of the Indian national economy. These so-called small entrepreneurs are as small as selling some cigarettes, alcohol, sugar and tea in a storefront house, and as large as transnational container trade, and the income gap is not small. However, in general, they are all within the scope of individual income tax collection, and how to make them pay taxes according to law has become the main work of the Indian tax department.

When shopping or spending in India, you can always encounter the situation of "no invoice and less money", which is actually one of the ways for Indian merchants to evade taxes. Therefore, this time the tax department intends to crack down on this phenomenon and raise the tax rate for small entrepreneurs.

"So how did you solve the problem for ultra-high-income people?" Shakru asked directly about his top concerns.

"This, this one is because there are too many people who oppose it and it's too tough, so this meeting has not been resolved, and I guess we will have to continue the discussion next time." Murdillo said with some embarrassment. (To be continued.) )