Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Vivo
Chitra Ramkrishna
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / CBDT: From 2014-2018, number of Indian crorepatis rose by 60%
Business

CBDT: From 2014-2018, number of Indian crorepatis rose by 60%

CBDT: From 2014-2018, number of Indian crorepatis rose by 60%
Written by Shiladitya Ray
Oct 22, 2018, 06:06 pm 1 min read
CBDT: From 2014-2018, number of Indian crorepatis rose by 60%

On Monday, the Central Board of Direct Taxes (CBDT) released key tax statistics that indicate that the number of crorepatis in India are going up. CBDT data for four years, spanning between assessment years 2014-15 and 2017-18, revealed that the total number of taxpayers earning more than Rs. 1cr had gone up by around 60%. Here are the details.

Data
What the CBDT data reveals about Indian crorepatis

In assessment year 2014-15, the total number of taxpayers (corporates, firms, Hindu undivided families, etc.) with income above Rs. 1cr was 88,649. This number increased to 140,139 for AY 2017-18, thereby indicating a 58% increase. Meanwhile, in the same period, individual taxpayers with annual incomes over Rs. 1cr increased from 48,416 to 81,344 - a whopping 68% increase.

Other details
Number of ITRs filed shot up by 80%!

Notably, the CBDT data also revealed that the number of tax returns filed over four financial years had gone up by a mind-blowing 80% - from 3.79cr in 2013-2014 to 6.85cr in 2017-18. Commenting on the data, CBDT chairman Sushil Chandra said that the numbers reflected the success of legislative, enforcement, and informative efforts taken by the tax department over the last four years.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Shiladitya Ray
Shiladitya Ray
Mail
Budding social scientist with a keen interest in social studies of science and the sociology of knowledge. Cinephile. Liverpudlian. Metalhead.
Latest
India
Central Board of Direct Taxes (CBDT)
Sushil Chandra
Latest
Women's T20 Challenge: Who is Velocity's leg-spinner Maya Sonawane?
Women's T20 Challenge: Who is Velocity's leg-spinner Maya Sonawane? Sports
Iraq witnesses 'unprecedented' surge in deadly nose-bleeding fever
Iraq witnesses 'unprecedented' surge in deadly nose-bleeding fever World
Kia EV6 will be available in 12 cities: Details here
Kia EV6 will be available in 12 cities: Details here Auto
5 natural ways to straighten your hair
5 natural ways to straighten your hair Lifestyle
FIR against BJP's Nupur Sharma for remarks on Prophet Muhammad
FIR against BJP's Nupur Sharma for remarks on Prophet Muhammad India
India
Nepal plane with 22 passengers, including 4 Indians, goes missing
Nepal plane with 22 passengers, including 4 Indians, goes missing World
Coal India to import fuel as power shortage looms large
Coal India to import fuel as power shortage looms large India
'Sense of responsibility toward literature': Booker Prize winner Geetanjali Shree
'Sense of responsibility toward literature': Booker Prize winner Geetanjali Shree Lifestyle
Sri Lanka PM thanks India for support during 'difficult period'
Sri Lanka PM thanks India for support during 'difficult period' World
Geetanjali Shree becomes first Hindi novelist to win Booker Prize
Geetanjali Shree becomes first Hindi novelist to win Booker Prize World
More News
Central Board of Direct Taxes (CBDT)
Pandora Papers: Government orders multi-agency probe led by CBDT
Pandora Papers: Government orders multi-agency probe led by CBDT India
I-T department raids Gujarat diamond group, claims multi-crore tax evasion
I-T department raids Gujarat diamond group, claims multi-crore tax evasion India
CBDT extends deadline for Income Tax Returns till December 31
CBDT extends deadline for Income Tax Returns till December 31 India
IT department surveys Bengaluru company; detects Rs. 880cr hidden income
IT department surveys Bengaluru company; detects Rs. 880cr hidden income Bengaluru
TN: IT department seizes over Rs. 16 crore dubious cash
TN: IT department seizes over Rs. 16 crore dubious cash India
More News
Sushil Chandra
'Discussed electoral reforms,' says government after controversial PMO-Election Commission meet
'Discussed electoral reforms,' says government after controversial PMO-Election Commission meet Politics
CBDT chairman Sushil Chandra appointed as new chief election commissioner
CBDT chairman Sushil Chandra appointed as new chief election commissioner India
Bad news, Bitcoin investors! Your earnings are now taxable
Bad news, Bitcoin investors! Your earnings are now taxable Business
Trouble for people depositing more than Rs. 15lakh during demonetization
Trouble for people depositing more than Rs. 15lakh during demonetization India
300% jump in PAN applications since demonetization: CBDT
300% jump in PAN applications since demonetization: CBDT India
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022