The second economy as told my many Indian economists, were not paying incomes taxes but were using Government provided services and subsidies - Petrol (not now - std. rates) , Diesel (still -5.80 loss for govt. / litre) approximately I enjoyed about 500 litres in subsidized price 500 x 6 = 3000, LPG Cooking Gas ( 12 * 800 = 9600 / year / family ). Now what I pay to Hotel food 2000 pm x 12.36% = Rs 247.2 is given as ST. The insurance premium (even that is written off for IT) has a ST component that nullifies effect. On average basis Indians earning above 5 lakhs PA pay 17% in taxes itseems. Reading a new book that endorses Service Tax released by Modi - Getting India Back on Track - http://www.flipkart.com/getting.../p/itmdvge56mzgff2q...
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