Please Support and Help Us

Please turnoff your ad blocking mode for viewing your site content

Income tax department revealed the income of richest Indians, take a look

Income tax department revealed the income of richest Indians, take a look

Just a few days ago, Income Tax Department decided to publish the data of income tax that has been applicable. This had not been published for more than last 10 years.
Income Tax Department

The decision has been taken to make the people feel the importance of the income tax and to encourage them, to be honest in front of all. However, this transparency should also be available in such a democratic country like India. To fulfill this purpose the central board of Direct Taxes published a data sheet that has all the information regarding the income tax return payers for the assessment year 2012-13.

Taxable IncomeThe data got a good response and revealed several important conclusions through the stats, one important point that has been revealed was the gross total income earned yearly by some of the richest individual taxpayers in India.



Check out Top 8 business deals around the world

Data shows that there are only three people in the country. they have a gross income of more than rs. 500 crore, 26 people earn between rs. 50-100 crore in a year and there are 50 persons in India that have a gross income of rs 50-100 crore in a year.

Gross Total Income of India

Let me tell you that gross income stands for the salary income along with the money earned by other resources. The gross income has been counted before the tax deductions.

This was a report of the gross income that has been revealed. It also revealed the data of the money earned by the salary only, as per the data of the financial year 2011-12. there are 6 people who are getting a salary between 50-100 crore. However there is not even a single individual for the more than rs. 100 crore.