Of the 2 trillion rupees ($44 billion) net direct tax collected by the end of Dec. 2010, the personal income tax contribution was just over ($16 billion). Now that’s a huge number and one would assume that our country needs such a large sum of money to sponsor the rapid urbanisation and infrastructural development. Well yes, it does but that’t not where these 750 billion go! Instead, as I mentioned earlier, they go in plugging holes – We pay for our government’s incompetence. Simple as that. We pay to make good the over , over and among others.
For more read here (Indian Liberals.org).