Tax data shows average person‘s income grew slower than country‘s GDP

The average person’s income hasn’t grown as fast as the country’s gross domestic product (GDP) is said to have done. Average income grew slower than per capita gross domestic product (GDP) in four out of the last five years for which data is available, shows an analysis of Income Tax data on gross total income and official data on GDP.

Gross total income from income tax data is the sum of all income; including salary, capital gains, business income and from house property. This income grew from Rs.450,326 in 2012-13 to Rs. 603,499 in 2016-17 shows income tax …

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