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Number of income tax payers with over ₹1 crore of taxable income rises five times in ten years

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Oct 23, 2024 04:48 PM IST

The number of taxpayers with over ₹1 crore of taxable income rose by over five times to 2.3 lakh in the assessment year 2023-24, compared to 44,078 in 2013-14

The number of taxpayers with more than 1 crore of taxable income rose by more than five times to just under 2.3 lakh in the assessment year 2023-24 (Financial year 2022-23), compared to 44,078 in AY2013-14 (FY2012-13), according to a Times of India report.

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