Tax Bracket & Income Inequality
Indian Economy & Market
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Indian Economy & Market
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The Economic Research Department of SBI said in a report that income inequality in India has declined, with more than a third of taxpayers moving to higher income tax buckets, while top taxpayers’ contributions declining rebutting talks of K-shaped post-pandemic recovery. In a K-shaped recovery, some parts of the economy may experience strong growth while others continue to decline.read more