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PM Narendra Modi calls for 10 crore people to be drawn into tax net

PM Narendra Modi calls for 10 crore people to be drawn into tax net

Prime Minister Narendra Modi on Thursday called for 10 crore people to be brought into the tax net, up from the current 5.3 crore, in a bid to expand the revenue base.

IANS
  • New Delhi,
  • Updated Jun 16, 2016 3:47 PM IST
PM Narendra Modi calls for 10 crore people to be drawn into tax netPrime Minister Narendra Modi (Photo: Reuters)

Prime Minister Narendra Modi on Thursday called for 10 crore people to be brought into the tax net, up from the current 5.3 crore, in a bid to expand the revenue base.

"There are a total of 25 crore households in the country, out of which 10 crore have non-agricultural income. The prime minister, in his address, called for the expansion of the tax net to 10 crore," said Revenue Secretary Hasmukh Adhia.

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The prime minister also asked the taxmen to remove the fear of harassment in the minds of the people and advocated what he termed as RAPID - revenue, accountability. pribity, information and digitisation.

Adhia was briefing the media after an address by Modi at the two-day conference of top officials with the Central Board of Direct Taxes and the Central Board of Excise and Customs.

Adhia, however, did not give any timeline to reach the 10 crore tax payers base.

Union Budget 2026 Finance Minister Nirmala Sitharaman is set to present her record 9th Union Budget on February 1, amid rising expectations from taxpayers and fresh global uncertainties. Renewed concerns over potential Trump-era tariff policies and their impact on Indian exports and growth add an external risk factor the Budget will have to navigate.
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Published on: Jun 16, 2016 3:35 PM IST
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