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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Iran warns of ‘uncontrollable consequences’ after energy site strike
Qatar warns residents of ‘Elavated’ threat
Tehran/Doha: Iran’s President Massoud Pezeshkian has warned that attacks on the country’s energy infrastructure could lead to “uncontrollable consequences” affecting the entire world.
In a post on X, Pezeshkian said he “strongly condemns” the strikes that targeted the South Pars gasfield earlier in the day.
“Such aggressive actions will not achieve anything for the American Zionist enemy and their supporters. Rather, they will complicate the situation and could lead to uncontrollable consequences that will affect the entire world,” he said.
Meanwhile, Qatar’s Ministry of Interior has urged residents to remain indoors due to what it described as an elevated security threat.
Authorities have not provided further details, but the advisory comes amid growing concerns over the safety of energy infrastructure and civilian areas in the region.
