Black Money in India

India is a developing country and moreover, approximately 80% of people in India will fall under the category of middle class and poor class so they are mostly dependent on the government for getting the benefit of government services. But mostly they won't wait for tat, they have to use it quickly so that they will give some amount to the officers which lead to corruption. And also this forms a way to black money. Simply black money is the money for which the taxes yet paid. If the people in India is honest in their work half of the black money can be abolished. Then eventually if the corruption is abolished the politicians and rich peoples who hide their money will be noticed and most of the black money could me abolish.

Unpaid tax money is called black money. Or you may say the money that earned by illegal means is called black money eg bribe is also a kind of black money. I think that there are no. Of professions are in India where people can easily earn black money. Such as in govt offices, police, central govt etc.

The money earned from the black market it means earning money illegally.

1) unaccounted money.
2) unpaid tax, Etc.

These activities are illegal. The present black money reached up to 7k cores.