Quick Summary
India's wealth-creation story is growing every year and the latest income tax data offers a glimpse of that trend. According to information shared by the Finance Ministry in Parliament, 576 individuals reported a gross total income of Rs 100 crore or more in their Income Tax Returns (ITRs) for Assessment Year (AY) 2025-26. Five years ago, that number stood at just 142, meaning the size of India's Rs 100-crore income club has grown more than fourfold. How the Numbers Have Changed The growth
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FAQ :
In Assessment Year 2025-26, 576 individuals reported a gross total income of Rs 100 crore or more.
The number of individuals earning Rs 100 crore or more has grown more than fourfold, from 142 five years ago to 576 in AY 2025-26.
The surge is driven by strong growth in sectors like technology, financial services, manufacturing, startups, and capital markets, alongside improved tax reporting, digitization, and compliance.
A total of 161 new individuals entered the Rs 100-crore income bracket during AY 2025-26, which is the highest addition in the last four years.
The income tax data was shared by the Minister of State for Finance, Pankaj Chaudhary, in a written reply in the Lok Sabha.
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