Rs 100 crore+ income club sees most entries in 4 years
individuals disclosed gross income over Rs 100 crore in FY2024-25, with 161 new entrants, the highest additions in four years.
Most super-rich taxpayers are non-salaried; in FY2022-23, only 16 of 282 in the Rs 100-500 crore bracket were salaried.
Share of direct taxes in total revenue rose from 52% pre-pandemic to 59% in FY2024-25, and direct tax-to-GDP ratio reached 6.7%.
Number of income tax filers grew from over 3 crore in FY2013-14 to 8.1 crore in FY2024-25.
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