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CROREPATI TAXPAYERS
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...- 61,000 crorepati taxpayers added in last one yearIndia saw a significant rise in wealthy taxpayers. Over 61,000 new individuals joined the crorepati club, bringing the total to 351,000. Th...
- Amitabh Bachchan tops India’s Taxpayer List with Rs 350 crore earnings. How much tax did he pay?Amitabh Bachchan has emerged as India's highest tax-paying celebrity for FY 2024-25, surpassing Shah Rukh Khan. The 82-year-old Bollywood l...
- Over 100,000 new crorepati taxpayers have emerged in India in three years. What’s driving this rise in high earners?India has witnessed a five-fold surge in the number of individuals earning over ₹1 crore in taxable income over the past decade, with the p...
- Karnataka, TN among top 5 states in direct tax collectionsKarnataka and Tamil Nadu rank second and fourth among top states contributing to 70% of India's direct tax collections, with Maharashtra le...
- Crorepati taxpayers club gets bigger, rises 5X to 2.2 lakh in AY24This growth is part of a broader trend, which showed a 74.2% decline in income disparity for earners up to Rs 5 lakh between FY14 and FY23....
- Gujarat witnesses nearly 50% surge in 'Crorepatis' last fiscal: Tax data revealsThis marks a significant shift from the previous year, with 4,500 individuals joining the ranks of high-income taxpayers. The data also rev...
- In the last three years, India has added almost 58,000 crorepati taxpayers—a jump of 51%. What has scripted this unusual trend?According to tax experts and income-tax officers whom ET spoke to, several reasons have scripted this unusual trend—better collation of inf...
- India’s crorepati club continues to swell, 97,689 disclose income above Rs 1 croreIndia's crorepati club recorded a 20% growth from last year as the numbers inch closer to 98,000.
- How many people pay income tax in India? Here's a glimpseIndia has one of the worst ratio of taxpayers to voters, it needs more people filing taxes.
- How much money this Budget can help you saveThe change in standard deduction from Rs 40,000 to Rs 50,000 for salary earners will benefit even those with annual incomes above Rs 5 lakh.
- More Indians are paying tax now, but the salaried are still taking the biggest hitLatest tax data showed a massive gap between the salaried, whose taxes are deducted, and the non-salaried.
- India's crorepati count up at 81,000; expands 68% in 3 years: CBDTSimilarly, it said, the number of individual taxpayers disclosing income above Rs 1 crore had increased during the same period from 48,416 ...
- Pension, other benefits to former MPs justified: Centre"MPs have to go for elections every five years. They have to go to their constituencies and travel. So giving pension to them is justified,...
- India sees a 54% rise in tax-paying crorepatisA look at the individual ITR reveals that there has been a steady increase in the number of individuals whose taxable income show earnings ...
- Direct Taxes Code: Super rich with over Rs 10-crore income may have to pay 35% taxThe govt is proposing a 35% tax rate for those earning more than Rs 10 cr in the DTC that is likely to be tabled in Parliament during the o...
- Budget 2013 Impact: 10 per cent surcharge on the super-rich to raise Rs 4,400 croreChidambaram has said in the budget that the surcharge is only for one year. Not all this extra tax will go into the coffers of the governme...
- I-T dept to check on crorepati candidatesFearing disqualification if statements made in the affidavits were to be found untrue when elected, candidates have made astounding declara...
- Salaried crorepatis double in 2 yearsMajority of millionaires earn between Rs 10- 20 lakh. In 2007-08, more than 1.5 lakh employees were earning in this income bracket. Richest...
- Shah Rukh Khan in top 20 income tax payers listNone of the industrialists are among the top-20 list though Shah Rukh Khan (8th) and Mayawati (19th) have figured on the list. Facts of fil...
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