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âš¡Direct Tax Collection Highest in 14 Years As 74% Drop Witnessed in Income Disparity Since AY15

By IANS

A comparison of disparity in income during assessment year (AY)15 and AY24 by the economic department of the State Bank of India (SBI) showed that there is a clear rightward shift in the income distribution curve in India, signifying people in lower income brackets are increasing their income to converge towards their share in population.

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