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of <h1>PAC Report 1977-78: Private Sector Salaries Exceed Government, CBDT to Review Tax Compliance by December 31, 1978.</h1> The 78th report by the Public Accounts Committee (PAC) for 1977-78 highlights disparities in employee remuneration between the private sector and the Central Government, noting significantly higher salaries in the private sector. A Reserve Bank study identified that top executives in industries like tobacco, aluminium, and dyestuffs earn over Rs. 60,000 annually, with some exceeding Rs. 100,000. The PAC recommends that the Central Board of Direct Taxes (CBDT) review these cases to ensure accurate tax assessments and prevent evasion. The CBDT instructs a review of these executives' salaries and company practices, with reports due by December 31, 1978.
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