Letter to BS: 70.86% rise in I-T returns due to govt's prudent tax policies

Tax collection in the April-July period has increased by only 11.3% and is at a 3-year low

The Income Tax department has hailed the 70.86 per cent increase in filing of returns over the last year due to finance ministry’s prudent tax policies. But there is nothing to rejoice. Keeping the basic exemption limit to file IT returns at Rs 250,000 for the past several years is the main reason for the rise. Due to inflation, the increase in dearness allowance and yearly increment for salaried class, the finance ministry has forced even the lowest paid staff to file the returns. 

Let it not be forgotten that the people who pay taxes with less than Rs 500,000 income