Income Tax Department: There has been a record increase in the number of taxpayers in the last few years. At the same time, the number of people earning Rs 100 crore has doubled.
Income Tax Return: The number of taxpayers has increased in the last few years, which shows that people’s income has increased more. According to the data of the Income Tax Department, the number of taxpayers earning Rs 100 crore or more in India has doubled. Along with this, the number of ITR filers has also increased rapidly in the last few years.
According to income tax data, the number of billionaires earning Rs 100 crore or more in assessment year 2021-22 has increased to 16 as compared to last year. According to the report of Hindustan Times, the number of people earning Rs 100 crore in the financial year 2022 has increased by 100 percent as compared to the financial year 2021.
This was the number of people with high net worth in 2020
According to the data, the total income of 16 billionaires is Rs 2,569 crore, out of which if the average data of each is calculated, it is found that the annual income of each is Rs 160.57 crore. It is worth noting that the number of people earning Rs 100 crore in the financial year 2020 was 20.
Number of taxpayers also increased
In the financial year 2022, 6.75 crore people have filed ITR, whose collective gross income is Rs 69.6 lakh crore. 589 taxpayers declared total income of more than Rs 500 crore, whose total gross income was Rs 13 lakh crore.
Speed in ITR filing
According to the data of the IT department, ITR filing has increased rapidly in the last few years. The number of people filing ITR in FY 2014 was 3.36 crore, which increased by 90 percent to 6.37 crore in FY 2022. 7.41 crore returns have been filed for the financial year 2023, out of which 53 lakh new people have filed returns.
