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

By Economic Times - 5 days 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.

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