Only 1.5 lakh people filed IT returns more than Rs 1 crore in a country with 125 crore people

Taxation
1

Here are important numbers from this article

  1. 420 million permanent account numbers (PAN) in India
  2. 63.1 million returns have been filed returns vs 54.4 million people last year
  3. Only 1.5 lakh people have filed for returns more than Rs 10 million this year vs 88,000 people in 2013-14. The population of India is 1.25 billion
  4. 95 lakh new taxpayers added so far
2 Likes
2

87.5 lakh to 1 crore active individual derivatives traders in India, only 2,501 individuals make ₹1 crore or more in net profits from Futures & Options (F&O) trading.

2400 earn from 1 crore to 10 crore and 101 earn above 10 crore.

Are you one of them ?
  • Yes
  • No
0 voters
1 Like