{"id":161555,"date":"2024-10-25T19:48:34","date_gmt":"2024-10-25T19:48:34","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/crorepati-taxpayers-club-gets-bigger-rises-5x-to-2-2-lakh-in-ay24\/"},"modified":"2024-10-25T19:48:34","modified_gmt":"2024-10-25T19:48:34","slug":"crorepati-taxpayers-club-gets-bigger-rises-5x-to-2-2-lakh-in-ay24","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/crorepati-taxpayers-club-gets-bigger-rises-5x-to-2-2-lakh-in-ay24\/","title":{"rendered":"Crorepati taxpayers club gets bigger, rises 5X to 2.2 lakh in AY24"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"80\" src=\"https:\/\/i0.wp.com\/img.etimg.com\/thumb\/width-820,height-80,msid-113487822\/growfast.jpg?fit=820,80&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Crorepati taxpayers club gets bigger, rises 5X to 2.2 lakh in AY24\" title=\"Crorepati taxpayers club gets bigger, rises 5X to 2.2 lakh in AY24\" \/><\/div><p> <br \/>\n<\/p>\n<div data-brcount=\"15\">NEW DELHI: India&#8217;s <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/crorepati-taxpayers\" target=\"_blank\" rel=\"noopener\">crorepati taxpayers<\/a> club has increased fivefold to 2.2 lakh taxpayers in Assessment Year (AY) 2024, up from 44,000 in AY 2014, signalling a significant shift in the country&#8217;s income dynamics, says a report by <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/sbi-economic-research\" target=\"_blank\" rel=\"noopener\">SBI economic research<\/a> report.<\/p>\n<p><style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:2-->This growth is part of a broader trend, which showed a 74.2% decline in income disparity for earners up to Rs 5 lakh between FY14 and FY23.<\/p>\n<p>Also the number of female taxpayers reached 15% of all taxpayers. The report attributes this shift to the government&#8217;s progressive taxation regime and tax simplification efforts.<\/p>\n<p>&#8220;The significant reduction in income disparity and increase in ITR filings demonstrate the government&#8217;s efforts to reach the bottom of the pyramid,&#8221; SBI&#8217;s Group Chief Economic Advisor <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/soumya-kanti-ghosh\" target=\"_blank\" rel=\"noopener\">Soumya Kanti Ghosh<\/a> noted.<\/p>\n<p>Lower income group (less than Rs 5.5 lakh) has registered a positive growth rate for all years in last decade except AY20 due to Covid pandemic, it added. <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/wealth\/tax\/income-tax-returns-filing\" rel=\"noopener\">Income tax returns<\/a> filing rose to 8.6 crore in AY24 from 7.3 crore in AY22, with 6.89 crore filed on time.<\/p>\n<div data-ga-impression=\"GrowFast_Web#Impression#url\" class=\"growfast_widget custom_ad\"><a data-ga-onclick=\"GrowFast_Web#Click#url\" target=\"_blank\" title=\"Growfast Logo\" href=\"https:\/\/growfast.indiatimes.com\/?ag=ET_Web\" rel=\"noopener\"><\/a><\/p>\n<div class=\"growfast_slider\">\n<ul class=\"sliderContainer\">\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Advanced Excel Course - Financial Calculations &amp; 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Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#SQL for Data Science along with Data Analytics and Data Visualization\" title=\"SQL for Data Science along with Data Analytics and Data Visualization\" href=\"https:\/\/growfast.indiatimes.com\/courses\/sql-for-data-science-along-with-data-analytics-and-data-visualization\/1251?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1251_cover_image_1724652812_87884.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"SQL for Data Science along with Data Analytics and Data Visualization\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Data Science<\/p>\n<p class=\"course_name\">SQL for Data Science along with Data Analytics and Data Visualization<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Intermediate Java Mastery: Method, Collections, and Beyond\" title=\"Intermediate Java Mastery: Method, Collections, and Beyond\" href=\"https:\/\/growfast.indiatimes.com\/courses\/intermediate-java-mastery-methods-and-collections-and-beyond\/1467?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1467_cover_image_1729665688_21968.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"Intermediate Java Mastery: Method, Collections, and Beyond\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Web Development<\/p>\n<p class=\"course_name\">Intermediate Java Mastery: Method, Collections, and Beyond<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#ESG and Business Sustainability Strategy\" title=\"ESG and Business Sustainability Strategy\" href=\"https:\/\/growfast.indiatimes.com\/courses\/esg-and-business-sustainability-strategy\/1273?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1273_cover_image_1725626859_94754.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"ESG and Business Sustainability Strategy\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1725626714_1725626714_60835.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Strategy<\/p>\n<p class=\"course_name\">ESG and Business Sustainability Strategy<\/p>\n<p class=\"author_name\">By &#8211; Vipul Arora, Partner, ESG &amp; Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#MySQL for Beginners: Learn Data Science and Analytics Skills\" title=\"MySQL for Beginners: Learn Data Science and Analytics Skills\" href=\"https:\/\/growfast.indiatimes.com\/courses\/mysql-for-beginners-learn-data-science-and-analytics-skills\/1474?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1474_cover_image_1729851682_90580.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"MySQL for Beginners: Learn Data Science and Analytics Skills\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Data Science<\/p>\n<p class=\"course_name\">MySQL for Beginners: Learn Data Science and Analytics Skills<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Master in Python Language Quickly Using the ChatGPT Open AI\" title=\"Master in Python Language Quickly Using the ChatGPT Open AI\" href=\"https:\/\/growfast.indiatimes.com\/courses\/master-in-python-language-quickly-using-the-chatgpt-open-ai-yk\/1244?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1244_cover_image_1724931325_36180.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"Master in Python Language Quickly Using the ChatGPT Open AI\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Artificial Intelligence(AI)<\/p>\n<p class=\"course_name\">Master in Python Language Quickly Using the ChatGPT Open AI<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills\" title=\"AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills\" href=\"https:\/\/growfast.indiatimes.com\/courses\/ai-powered-python-mastery-with-tabnine-boost-your-coding-skills\/1457?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1457_cover_image_1729488900_68758.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Artificial Intelligence(AI)<\/p>\n<p class=\"course_name\">AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:2--><br \/>Uttar Pradesh is the leader in increasing share in income tax file base, followed by Bihar, Andhra Pradesh, Punjab and Rajasthan.The report estimates 9 crore ITRs for AY25.Direct tax contributions reached a 14-year high of 56.7% of total tax revenue in AY24, while the direct taxes to GDP ratio increased to 6.64%, the highest since 2000-01.<\/p>\n<style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:1--><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/crorepati-taxpayers-club-gets-bigger-rises-5x-to-2-2-lakh-in-ay24\/articleshow\/114598533.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India&#8217;s crorepati taxpayers club has increased fivefold to 2.2 lakh taxpayers in Assessment Year (AY) 2024, up from 44,000 in AY 2014, signalling a significant shift in the country&#8217;s income dynamics, says a report by SBI economic research report. This growth is part of a broader trend, which showed a 74.2% decline in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":161556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/thumb\/width-820,height-80,msid-113487822\/growfast.jpg","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[125787,1166,1096,5951,125784,15060,52611,5957,8241,125785,125786,7389],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161555"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=161555"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161555\/revisions"}],"predecessor-version":[{"id":161557,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161555\/revisions\/161557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/161556"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=161555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=161555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=161555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}