Key Points
While combined salary income of these 16 people was a little over 2,569 crore, their average annual income was 160.57 crore, the data showed...
Sixteen taxpayers reported annual salary in excess of 100 crore in 2021-22 assessment year compared with eight in corresponding period of preceding year, marking a doubling in the number of such billionaires, official data showed.s)..
Combined salary income of all individual assesses in 2021-22 assessment year was 24.57 lakh crore, about one-third of the total sum of all types of income that include property, business, long-term capital gains and others at 74.45 lakh crore..
An assessment year reflects income earned in the preceding financial year.Citing time series data between 2013-14 and 2021-22 assessment years, the Central Board of Direct Taxes (CBDT) on Thursday said the proportionate contribution of gross total income of top 1% individual taxpayers vis--vis all individual taxpayers has, however, seen a declining trend..
CBDT is an arm of the finance ministry.Out of total 67.5 million ITRs filed in AY 2021-22 involving a total gross income of 69.6 lakh crore, 589 assesses had shown total income of over 500 crore, with a combined gross total of 13 lakh crore..
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