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Added on : 2017-12-20 18:36:38

In India, there were 30,567 salaried people in the tax assessment year 2015-16 who had declared to have salaries more than 1 crore, the income tax data showed. Of the total number, about 29,000 people had salaries between 1 crore and 5 crores, with an average annual salary of 1.77 crore per annum, while only 5 people declared their income to be 100 crore per annum.
The Central Board of Direct Taxes(CBDT) on Wednesday released data relating to the distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-16. The data showed that more than 30,000 salaries Indians declared their annual returns to be more than 1 crore, of which 1,228 people belonged to Rs 5 crore and 10 crore group, 346 belonged to 10 crore and 25 crore group, 58 belonged to 25 crore and 50 crore group, and 11 belonged to 50 crore and 100 crore group.

In India, there were 30,567 salaried people in the tax assessment year 2015-16 who had declared to have salaries more than 1 crore, the income tax data showed. Of the total number, about 29,000 people had salaries between 1 crore and 5 crores, with an average annual salary of 1.77 crore per annum, while only 5 people declared their income to be 100 crore per annum.
The Central Board of Direct Taxes(CBDT) on Wednesday released data relating to the distribution of income and tax payable in respect of returns filed for the Assessment Year 2015-16. The data showed that more than 30,000 salaries Indians declared their annual returns to be more than 1 crore, of which 1,228 people belonged to Rs 5 crore and 10 crore group, 346 belonged to 10 crore and 25 crore group, 58 belonged to 25 crore and 50 crore group, and 11 belonged to 50 crore and 100 crore group.

Editor & Publisher : Dr Dhimant Purohit

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