Income disparity in India has declined 74.2% since FY14, reveals SBI study
- Posted on October 25, 2024
- By Business News Today
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Income disparity in India has declined 74.2% since FY14, reveals SBI study
The SBI report has shown a 74.2% decline in income disparity for individuals earning up to Rs 5 lakh annually between FY14 and FY23, attributing this to government efforts. It also noted significant growth in ITR filing and a rise in direct taxes, reflecting better tax compliance.
