Who Pays Most Tax on ₹1 Crore? Employee, Farmer, Vendor, Company Compared
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News18•06-01-2026, 19:40
Who Pays Most Tax on ₹1 Crore? Employee, Farmer, Vendor, Company Compared
- •A corporate employee earning ₹1 crore pays the highest tax of ₹34.66 lakh under the new tax regime.
- •Corporate companies pay ₹25 lakh tax on ₹1 crore profit, assuming the small company rate.
- •Farmers' agricultural income is completely tax-free under Section 10(1) of the Income Tax Act.
- •Street vendors, as small businesses, can avail presumptive taxation (Section 44AD), making their ₹1 crore income effectively tax-free.
- •The comparison highlights significant tax disparity among different income categories in India for the same income.
Why It Matters: Corporate employees bear the highest tax burden on ₹1 crore income compared to other categories.
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