Home / Finance / News / India's tally of crorepatis at 131,000 as 6,000 new ones added in FY22

India's tally of crorepatis at 131,000 as 6,000 new ones added in FY22

There was also a significant rise in number of people who declared their income between Rs 10 lakh and Rs 1 crore, data from the Finance Ministry showed

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2 min read Last Updated : Aug 03 2022 | 11:40 AM IST

India witnessed a rise in the number of millionaires in FY22 as nearly 131,000 people showed their total income above Rs 1 crore, a report stated on Wednesday. This number was at around 125,000 a year earlier.

There was also a significant rise in the number of people who declared their income between Rs 10 lakh and Rs 1 crore, data from the Finance Ministry showed.

Pankaj Chaudhary, Minister of State in the Finance Ministry, in a written response in the Rajya Sabha presented a summary of tax filers whose gross income was between Rs 10 lakh and Rs 1

Topics : Income tax Indian millionaires taxpayers net taxpayers Income Tax department income tax returns Rajya Sabha Finance Ministry taxes crorepatis Average income

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