• No. of crorepati taxpayers up 19% to 16,759

    No. of crorepati taxpayers up 19% to 16,759

    Published Date : 12-Oct-2019 7:29:40 IST

    The No. of crorepati taxpayers shot up 19% during assessment year 2018-19, and those with incomes above Rs 5 cr rose 29%, showed data released by the tax department on Friday. The number of those declaring income above Rs 1 cr has gone up from 14,068 in 2016-17 to 16,759. The number of those with incomes above Rs 5 cr was up from 1,049 to 1,351. Persons declaring over Rs 100 cr as income rose from four to seven. The number of individual taxpayers—those who filed returns or in whose case tax was deducted at source but did not file returns— reached 8 crore in 2017-18, up from 7 cr in 2017-18.

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