The Economic Times

IITian earning Rs 1 crore had to borrow Rs 15,000 to pay income tax. His CA shares a financial lesson

CA Pratibha Goyal shared on X that one of her IITian clients, who has earned over Rs 1 crore annually for five years and owns three houses, had to borrow Rs 15,000 to pay his income tax and file his ITR. The client lacked enough cash and initially wanted to delay payment until his salary arrived. Goyal said the incident highlights the urgent need for greater financial literacy in India.