Taxpayers Earning Over Rs 100 Cr Rise 300%: Govt
Government says taxpayers reporting income above Rs 100 crore have increased nearly fourfold in five years.
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“Taxpayers Earning Over Rs 100 Cr Rise 300%: Govt”
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27 Jul 2026
New Delhi, July 27 (IANS) The number of taxpayers declaring annual income of more than Rs 100 crore has nearly quadrupled over the past five years, the government informed Parliament on Monday.
In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 576 individuals reported annual incomes exceeding Rs 100 crore in Assessment Year (AY) 2025-26, up from 142 in AY 2021-22 -- an increase of about 300 per cent during the period.
The number of such high-income taxpayers stood at 301 in AY 2022-23, dipped marginally to 284 in AY 2023-24, before rising to 415 in AY 2024-25 and further increasing to 576 in AY 2025-26.
