Individuals reporting annual total income of over ₹one crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed.
As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22), 1,69,890 individuals have shown total income of above ₹1 crore.
This is higher than 1,14,446 individuals who had shown similar income in AY 2021-22.
The number has doubled since AY 2020-21, wherein 81,653 individuals had declared an income of over ₹1 crore.
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During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above ₹1 crore.
This includes filings by 66,397 companies, 25,262 firms, 3,059 trusts and 2,068 Association of Persons.
7.78 crore ITRs filed
In AY 2022-23, the total number of ITR filed stood at over 7.78 crore, higher than nearly 7.14 crore filed in AY 2021-22 and 7.39 crore filed in AY 2020-21.
As regards the state-wise filing count for AY 2022-23, Maharashtra topped the chart with 1.98 crore ITRs being filed, followed by Uttar Pradesh (75.72 lakh), Gujarat (75.62 lakh), and Rajasthan (50.88 lakh).
{{/usCountry}}As regards the state-wise filing count for AY 2022-23, Maharashtra topped the chart with 1.98 crore ITRs being filed, followed by Uttar Pradesh (75.72 lakh), Gujarat (75.62 lakh), and Rajasthan (50.88 lakh).
{{/usCountry}}The list also includes West Bengal (47.93 lakh), Tamil Nadu (47.91 lakh), Karnataka (42.82 lakh), Andhra Pradesh (40.09 lakh) and Delhi (39.99 lakh).