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Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh middle class tax burden falls

by AIP Online Bureau | Nov 14, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

As per the income tax return (ITR) filing data, the number of individuals showing annual income of over Rs 50 lakh has gone up to over 9.39 lakh in 2023-24, a five-fold jump from 1.85 lakh in 2013-14. Also, the income tax liability of those earning above Rs 50 lakh...

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