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India's Rs 100 Crore Income Tax Filers Quadruple to 576 in Five Years

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The number of Indians declaring incomes of Rs 100 crore or more in tax filings has risen sharply over the past five years. As of the 2025-26 assessment year, 576 individuals reported such nine-figure incomes, up fourfold from the count recorded five years earlier. This growth reflects a significant concentration of high-end wealth among a small segment of taxpayers. In response to widening income gaps, the government has been rolling out measures including progressive taxation and higher social spending aimed at reducing inequality.

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India's Rs 100 Crore Income Tax Filers Quadruple to 576 in Five Years · ShortSingh