The top 1% of the Taxpayers which include major corporates, rich individuals and other High Networth individuals owe government a whopping Rs. 61, 412 crores ($15 billion).
Income Tax Department came out with these figures after scrutinizing the tax filed for last few years. Admitting differences in tax liability and tax submitted, the official said the assessees have already deposited as much as Rs 19,306 crore, about one-third of what was demanded. They are hopeful of collecting much more in coming few months.
IT department have reached their target of collecting a total of Rs. 2,29,007 crore for FY07.
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