Know How Much India’s Super Rich Earn? Well, You’ll Be Amazed
The Central Board of Direct Taxes published data based on income-tax returns .
After more than a decade, the Indian government decided to resume publishing income tax data, in order to encourage its use and analysis and to increase transparency. The Central Board of Direct Taxes published data based on income-tax returns filed by taxpayers for the assessment year 2012-13.
While the data reveals several statistics and trends about India’s taxpayers and the nature of filings, the gross total income of India’s super rich is noteworthy.
According to the CBDT data, only three Indians have a gross total income of more than Rs 500 crore. 26 individuals earn between Rs 100-500 crore and 50 Indians have a gross total income ranging between Rs 50-100 crore.
Read the full report on BloombergQuint.
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