Surge in High-Income Taxpayers Reflects Growing Incomes and Compliance

Last updated: 23 October 2024

The number of individuals reporting taxable income exceeding ₹1 crore has seen a dramatic rise, jumping from 44,078 in AY 2013-14 (FY 2012-13) to nearly 2.3 lakh in AY 2023-24 (FY 2022-23). This increase suggests both higher earnings and improved tax compliance, supported by the latest data from the

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Category Income Tax   Report

Comment   Share
  330 Views
Comments

Recent News :

  1. Bengaluru Real Estate Tycoon Dies by Suicide While Under Income Tax Raid
  2. Fake Union Budget 2026-27 Leak on Telegram, PIB Fact Check Clarifies
  3. GSTN Revises Interest Calculation in GSTR-3B from January 2026
  4. Economic Survey 2025-26 Urges Income Tax & Customs Convergence on Related-Party Imports
  5. CBIC Issues Advisory on HSNS Cess Registration and Payment Process from 1st Feb 2026
  6. Economic Survey 2025-26: Indian Equity Markets Show Resilience Amid Global Uncertainty
  7. Budget 2026 Is First of Second Quarter of 21st Century, Says PM Modi
  8. IEPFA Proposes 30-Day Disposal for Low-Value Refund Claims
  9. Economic Survey 2026 Highlights MSMEs as Key Drivers of Manufacturing, Exports and Employment
  10. India's GDP Growth Estimated at 7.4% in FY26 Driven by Consumption and Investment

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us

budget 26-27

Browse by Category