Individuals reporting income over 100 crore reach four year high

The record

Written from the 1 report below. Nothing here is unsourced.

Government data shows 576 individuals disclosed incomes above Rs 100 crore in FY2024-25, the highest number in four years, including 161 new entrants.
Most of these high earners are non-salaried.
The report also notes that direct tax collection now makes up a significantly larger share of total revenue, and the number of income tax filers has grown substantially since 2013-14.
This matters because it points to a broadening and deepening of India's income tax base alongside growth in very high incomes.

Whether the count of Rs 100 crore-plus earners continues to rise in coming years
Growth in the share of direct taxes in total government revenue
Whether the rise in filers since 2013-14 keeps up with new high-income additions

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Named India · Government

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