Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

60% Rise in Number of Crorepatis in India Since 2014, Says Tax Body

The data also added that a growth of more than 80 per cent was registered in the number of returns filed in the last four financial years.

PTI

Updated:October 22, 2018, 4:03 PM IST
facebookTwitterskypewhatsapp
60% Rise in Number of Crorepatis in India Since 2014, Says Tax Body
Representative image
Loading...

New Delhi: The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday.

Releasing key statistics of income tax and direct taxes for a period of about four years, the policy-making body of the I-T department said the number of individual taxpayers earning over Rs 1 crore annually had seen a growth of about 68 per cent.

"The total number of taxpayers (corporates, firms, Hindu undivided families among others) showing income of above Rs 1 crore has registered a sharp increase. While 88,649 taxpayers had disclosed income above Rs 1 crore in assessment year 2014-15, the figure was 1,40,139 for AY 2017-18, which is a growth of about 60 per cent," the CBDT said.

Similarly, it said, the number of individual taxpayers disclosing income above Rs 1 crore had increased during the same period from 48,416 to 81,344, which translated into a growth of 68 per cent.

CBDT Chairman Sushil Chandra said these numbers were a result of putting in a number of legislative, informative and enforcement efforts by the tax department over the last four years.

The data also added that a growth of more than 80 per cent was registered in the number of returns filed in the last four financial years — from 3.79 crore in 2013-14 to 6.85 crore in 2017-18.

| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Shriram Trans 1,027.50 -5.30
Yes Bank 117.45 2.09
IndusInd Bank 1,411.95 -1.04
Indiabulls Hsg 670.20 -0.30
Reliance 1,293.20 -1.85
Company Price Change %Gain
Shriram Trans 1,028.65 -4.89
Yes Bank 117.25 1.65
Indiabulls Hsg 669.85 -0.33
Reliance 1,293.45 -1.78
Nestle 11,531.10 0.36
Top Gainers
Company Price Change %Gain
Yes Bank 117.30 1.96
Infosys 743.45 0.41
UPL 1,009.95 0.39
Wipro 299.80 0.33
Zee Entertain 337.00 0.15
Company Price Change %Gain
Yes Bank 117.45 1.82
Infosys 743.60 0.43
Power Grid Corp 195.00 0.21
Coal India 255.25 0.12
M&M 636.20 0.10
Top Losers
Company Price Change %Gain
Tata Steel 480.50 -4.24
JSW Steel 262.05 -3.39
Vedanta 164.10 -3.21
Tata Motors 160.25 -2.41
Axis Bank 781.10 -2.51
Company Price Change %Gain
Tata Steel 480.60 -4.16
Vedanta 164.25 -3.15
Axis Bank 781.10 -2.38
Tata Motors 160.35 -2.29
Reliance 1,293.45 -1.78

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results