A data published by Oxfam India, a think tank, has revealed that the richest 1 percent Indians own 58 percent of India's wealth. The data also revealed that 57 billionaires have the same wealth as the bottom 70 per cent of India. Notably, according to 2016 data from the Income Tax Department. 1 Taxpayer Owes 11% Of India's Individual Income Tax In 2014-15.