Crorepati Taxpayers Increase 380% To Reach 2.3 Lakh In 10 Years

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Between AY 2023–2024 and AY 2013–14, the number of people declaring taxable income over Rs 1 crore increased fivefold. That is, from 44,078 to approximately 2.3 lakh. Individual tax returns filed increased by more than 2.2 times, from 3.3 crore in the fiscal year 2013–14 to over 7.5 crore in the fiscal year 2023–24. Income […]

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