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.