The story so far
Rs 100 Crore Income Surge
Tracked across 5 sources · Updated 5h ago
Government data shows the number of individuals filing ITRs with income over Rs 100 crore quadrupled from 142 to 576 in five assessment years, as per Minister of State for Finance Pankaj Chaudhary's statement in Lok Sabha.
How it unfolded
22h ago
Data shows fourfold increase from 142 filers five years ago
22h ago
Minister reveals 576 individuals with Rs 100 cr+ income in AY 2025-26
What happened earlier
Latest updates
Latest
Full story →More than 570 people reported income over ₹100 crore in FY26, 4x growth in billionaires over 5 years: MoS to Lok Sabha
people reported gross total income of ₹100 crore or more in FY26, a 4x increase from 142 in FY22.
Minister of State for Finance Pankaj Chaudhary disclosed the data in a written reply to Lok Sabha on July 27, 2026.
The Income-Tax Act 1961 and new ITA 2025 do not define the term 'billionaire'.
The number of individuals with income over ₹100 crore rose from 142 (AY22) to 301 (AY23), fell to 284 (AY24), then increased to 415 (AY25) and 576 (AY26).
Earlier · 12h ago
Full story →Number of Rs 100 crore+ ITR filers quadruples in five years: Govt
Individuals filing ITRs with gross total income of Rs 100 crore or more rose from 142 to 576 in five assessment years.
Minister of State for Finance Pankaj Chaudhary informed Parliament of the four-fold increase.
The government also noted declining inequality and poverty.
Earlier · 10h ago
Full story →Number of Indians with income above Rs 100 Cr crosses 500 mark in FY26
individuals declared annual incomes over Rs 100 crore in FY26, up from 415 in FY25.
Data from the Ministry of Finance was tabled in the Lok Sabha by Minister of State Pankaj Chaudhary.
India had 308 billionaires as of March 2026, per the Hurun Global Rich List.
Ministry of Finance cited a declining Gini coefficient to argue income inequality is narrowing.
World Inequality Report 2026 says top 10% earn 58% of national income, bottom 50% get 15%.