PAC's 78th report for 1977-78.

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....is common knowledge that the salaries and perquisites in the case of private sector are far higher than those under Central Government. According to a recent study made by the Reserve Bank of the distribution of highly paid employees in the organised private sector, in some industries like non-ferrous metals basic, tobacco, dyes and dye-stuffs and aluminium the highest annual remuneration per exec....

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....es. The Committee would like to be assured that there is no evasion of tax whatsoever in these cases. 2. The Board desire that the cases of the top executives of the industries referred to by the PAC may be reviewed with a view to ascertaining that the assessments of salaries and perquisities in their hands are Properly made. The cases of the companies engaged in these industries may also be re....