Surge in Rs 50 Lakh+ Income Tax Returns: Officials

The number of individuals declaring an annual income of over Rs 50 lakh in India has shot up to over 9.39 lakh in 2023-24, marking a five-fold surge from 1.85 lakh in 2013-14

Published on:

15 Nov 2024, 1:46 am

New Delhi: The number of individuals declaring an annual income of over Rs 50 lakh in India has shot up to over 9.39 lakh in 2023-24, marking a five-fold surge from 1.85 lakh in 2013-14, according to senior Income Tax Department officials. (IANS)

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