Editorial with Sujit Nair The Truth About Your Taxes |
  • last year
Direct tax contributes ~30% to the Union Budget. Out of every ₹100 that a state pays in direct tax, how much direct tax does it get back? Why does Maharashtra get back ₹7, UP get back ₹333 and Bihar get ₹922? how much each state contributes in terms of direct taxes is an effect of income levels, business activity (agricultural income doesn’t contribute), how effective states are in collecting taxes. In this episode of the Editorial, Our Managing Editor Mr Sujit Nair shares his take on the matter

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