Net tax | |||||||
less than Rs 50000 | Nil
Rs 50000 to Rs 60000
| 10% of income above Rs 50000
| Rs 60000 to Rs 120,000
| Rs 1000 plus 20% of income above Rs 60000
| Above Rs 120,000
| Rs 13000 plus 30% of income above Rs 120,000
| |
Population
Average income |
Total income of |
this segment topmost 0.1%
| 0.1 cr
| Rs 10,00,000
| Rs 100,000 cr
| next 0.9%
| 0.9 cr
| Rs 500,000
| Rs 450,000 cr
| next 4%
| 4 cr
| Rs 100,000
| Rs 400,000 cr
| next 15%
| 15 cr
| Rs 50,000
| Rs 750,000 cr
| next 60%
| 60 cr
| Rs 25,000
| Rs 1500,000 cr
| bottom 20%
| 20 cr
| Rs 10,000
| Rs 200,000 cr
| --------
| --------
| --------
| --------
| Total = 100%
| 100 cr
| ------
| Rs 34,00,000 cr
| |