Number of crorepatis has risen by 60% in India: CBDT
New Delhi, Oct 22: The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday.
Releasing key statistics of income tax and direct taxes for a period of about four years, the policy-making body of the IT department said the number of individual taxpayers earning over Rs 1 crore annually had seen a growth of about 68 per cent.
"The total number of taxpayers (corporates, firms, Hindu undivided families among others) showing income of above Rs 1 crore has registered a sharp increase.
"While 88,649 taxpayers had disclosed income above Rs 1 crore in assessment year 2014-15, the figure was 1,40,139 for AY 2017-18, which is a growth of about 60 per cent," the CBDT said.
Similarly, it said, the number of individual taxpayers disclosing income above Rs 1 crore had increased during the same period from 48,416 to 81,344, which translated into a growth of 68 per cent.
CBDT Chairman Sushil Chandra said these numbers were a result of putting in a number of legislative, informative and enforcement efforts by the tax department over the last four years.
The data also added that a growth of more than 80 per cent was registered in the number of returns filed in the last four financial years -- from 3.79 crore in 2013-14 to 6.85 crore in 2017-18.
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TN Assembly elections: Eight-month pregnant homemaker wins Thiru Vi Ka Nagar seat for TVK
Chennai (PTI): Before giving birth, she had already delivered a mandate—a symbol of hope for Thiru Vi Ka Nagar.
Echoing Delhi’s 2013 “common citizen” political churn associated with the rise of the Aam Aadmi Party (AAP), an eight-month-pregnant homemaker, M R Pallavi, has been elected as an MLA from Chennai’s Thiru Vi Ka Nagar constituency, emerging as one of the notable first-time faces of the Vijay-led TVK in the recently held Tamil Nadu Assembly elections.
In the narrow lanes of Thiru Vi Ka Nagar, a steady stream of media personnel has been making their way to Pallavi’s residence—a scene reminiscent of the result day in Delhi when journalists thronged the modest home of Rakhi Birla, who had won from Mangolpuri on an AAP ticket.
Pallavi, 36, a homemaker educated up to class XII, defeated the DMK candidate K S Ravichandran by a margin of 22,333 votes in the reserved Thiru Vi Ka Nagar Assembly constituency.
Tamilaga Vettri Kazhagam emerged as the single largest party by winning 108 seats, while DMK and AIADMK got 59 and 47, respectively.
Pallavi’s victory has drawn attention due to her personal circumstances. She campaigned extensively while eight months pregnant, going door-to-door to reach voters.
According to local accounts, she even fainted once during the campaign but continued her outreach.
She has not spoken to the media following her victory, as doctors have advised her to rest. Her husband, Rajesh, briefly recounted her campaign efforts.
A self-professed admirer of actor-turned-politician Vijay, Pallavi joined TVK soon after its formation and is now among its first-time legislators.
Doctors have advised her to be hospitalised around May 20, as she is expecting her second child. Ahead of that, voters in Thiru Vi Ka Nagar have entrusted her with representing them in the state Assembly.
Political observers say the rise of candidates like Pallavi signals a possible shift in Tamil Nadu’s political landscape, with voters backing a new party and candidates from non-traditional backgrounds.
