Dear @don-t, companies have so many ways to save taxes. Even if the owner of a company not getting much salary, he or she can save more than the employees because of owning the company. Top rich's contribution may be more than other groups but compared to their wealth that would be lesser than others.
In my country no top rich person comes in the list of the top tax payer. This is the reality.
Thank you for your reply @akdx
...but please dont forget he is having all the monetary risk on his side, he pays with the turnover from his company the salaries from all the worker (dont matter how high or low they are, thats maybe a thing for a workers union to discus such things), if there is a kind of healthcare payment/contribution the company so he pays for that too(I´m not sure about if and what kind of healthcare the company in India has to pay or if there is none).
when I look on the table (picture) this doesnt seems to me an unfair share from the few "rich companies" compared to the numbers of the personal income taxes from "all the rest" nearly 687 Million people including the richest with personal income, the companies pay nearly 38% of all taxes, counting in the top richest personal incom tax payers you would easily come to more than 50% of the tax revenue.
In total that means 5 crores rupees per individual in paid taxes, this looks way fairer than in the Us or in Germany for instance.
Is there any restrictions/limitations in India to start a business for an individual ?
If not everybody should have the chance to do his own business (maybe not as sucessfull as the big Co´s) and gain more money, had better options to set costs against gains and so ship around the problem that you mentioned (not having the chance to deduct any against the salary like the Co´s).
I hope I got all the points correct and clear, but I guess there was no points I could have overlseen, if so please feel free to explain and correct me.
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amazing feedback buddy
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