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Read the passage and answer: A recent government report states that India's direct tax-to-GDP ratio has improved from 5.6% in 2014-15 to 6.6% in 2023-24, driven by formalisation of the economy, digital compliance, and widening of the tax base. The report notes that the number of income tax returns filed rose to over 7.8 crore in 2023-24. The Finance Ministry emphasised that the Goods and Services Tax network has also reduced evasion. However, economists caution that the tax burden on salaried employees remains high, while agricultural income remains outside the net. The article concludes that sustained digitisation and better data matching will be key to future revenue growth. What is the main idea of the passage?

General English

Question · Medium

Question

Read the passage and answer: A recent government report states that India's direct tax-to-GDP ratio has improved from 5.6% in 2014-15 to 6.6% in 2023-24, driven by formalisation of the economy, digital compliance, and widening of the tax base. The report notes that the number of income tax returns filed rose to over 7.8 crore in 2023-24. The Finance Ministry emphasised that the Goods and Services Tax network has also reduced evasion. However, economists caution that the tax burden on salaried employees remains high, while agricultural income remains outside the net. The article concludes that sustained digitisation and better data matching will be key to future revenue growth. How many income tax returns were filed in 2023-24?

General English

Question · Easy

Question

Read the passage and answer: A recent government report states that India's direct tax-to-GDP ratio has improved from 5.6% in 2014-15 to 6.6% in 2023-24, driven by formalisation of the economy, digital compliance, and widening of the tax base. The report notes that the number of income tax returns filed rose to over 7.8 crore in 2023-24. The Finance Ministry emphasised that the Goods and Services Tax network has also reduced evasion. However, economists caution that the tax burden on salaried employees remains high, while agricultural income remains outside the net. The article concludes that sustained digitisation and better data matching will be key to future revenue growth. Why do economists caution about the tax system?

General English

Question · Medium

Question

Read the passage and answer: A recent government report states that India's direct tax-to-GDP ratio has improved from 5.6% in 2014-15 to 6.6% in 2023-24, driven by formalisation of the economy, digital compliance, and widening of the tax base. The report notes that the number of income tax returns filed rose to over 7.8 crore in 2023-24. The Finance Ministry emphasised that the Goods and Services Tax network has also reduced evasion. However, economists caution that the tax burden on salaried employees remains high, while agricultural income remains outside the net. The article concludes that sustained digitisation and better data matching will be key to future revenue growth. What will be key to future revenue growth?

General English

Question · Medium

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