• Prof. Prabhakar Rajendra Musam

Income inequalities despite being bad are inevitable for the part of a growing economy. Any economy wanting to grow at fast rate has to deal with increasing income inequalities among its people. This trend is visible in Indian Economy; the recently released report on Income Inequality by Oxfam reveals dramatic increase in the wealth inequalities in India in the recent period. In 2017 alone the top 1% of the population owned 73% addition that occurred. The top 1% rich people in India owned around 58% of India’s wealth in 2016. The implementation of New Economic policy 1991 resulted in a more matured and diversified economy in India. However this policy is a double edged sword, the impressive growth resulted in widening of income inequalities in the economy at an alarming rate. This paper is an attempt to understand these inequalities from of Income Tax collection by government of India.

: Income Inequality, Growing economies, Income Tax collection.

"A Study of Extent of Income Inequality in 21st Century India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.13-18, April-2019, Available :http://www.jetir.org/papers/JETIR1904203.pdf

"A Study of Extent of Income Inequality in 21st Century India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp13-18, April-2019, Available at : http://www.jetir.org/papers/JETIR1904203.pdf