A look at the individual ITR reveals that there has been a steady increase in the number of individuals whose taxable income show earnings over Rs 1 crore.
By TNN |
How is the super-rich population growing in India? A look at the individual income tax returns reveals that there has been a steady increase in the number of individuals whose taxable income show earnings over Rs 1 crore.
In the assessment year 2012-13, there were 37,248 such individuals.This went up to 57,399 in 2015-16.
57,399 crorepatis by taxable income
Source: Income Tax Department; Research: Atul Thakur; Graphic: Anil Dinod
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