Section

Over 100,000 new crorepati taxpayers have emerged in India in three years. What’s driving this rise in high earners?

By Economic Times - 2 weeks ago
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 pandemic accelerating this trend. Experts attribute this to factors like a booming stock market, high corporate profits, increased salaries, and changes in tax regulations, particularly the taxation of dividends in the hands of individuals.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.