India’s Tax Problem Isn’t High Rates. It’s Too Few People Earning Enough to Pay Them

India’s direct-tax base is expanding as the government reports 8.68 crore income-tax returns for Assessment Year 2024–25 (AY2024–25), with ₹18.7 lakh crore in gross tax payable.  However, informal and low-productivity employment remains widespread, making the long-term answer less about squeezing existing taxpayers and more about creating millions of productive, formal jobs and businesses.  India’s Tax […] Read The Full Article India’s Tax Prob…