The latest comprehensive data published by the Income Tax Department covers 75.46 million (7.55 crore) individual income tax returns for Assessment Year 2023–24 (FY 2022–23 income). (Etds)
Distribution of Individual Taxpayers by Gross Total Income
| Annual Gross Total Income | Number of Individual Returns | % of Individual Returns |
|---|---|---|
| Nil income | 214,914 | 0.3% |
| Up to ₹1.5 lakh | 3,194,597 | 4.2% |
| ₹1.5–2 lakh | 1,369,529 | 1.8% |
| ₹2–2.5 lakh | 2,657,722 | 3.5% |
| ₹2.5–3.5 lakh | 5,644,045 | 7.5% |
| ₹3.5–4 lakh | 3,953,743 | 5.2% |
| ₹4–4.5 lakh | 5,932,002 | 7.9% |
| ₹4.5–5 lakh | 12,511,491 | 16.6% |
| ₹5–5.5 lakh | 6,086,356 | 8.1% |
| ₹5.5–9.5 lakh | 20,402,971 | 27.0% |
| ₹9.5–10 lakh | 1,060,450 | 1.4% |
| ₹10–15 lakh | 6,228,002 | 8.3% |
| ₹15–20 lakh | 2,503,932 | 3.3% |
| ₹20–25 lakh | 1,240,128 | 1.6% |
| ₹25–50 lakh | 1,953,619 | 2.6% |
| ₹50 lakh–1 crore | 589,762 | 0.8% |
| ₹1–5 crore | 291,929 | 0.39% |
| ₹5–10 crore | 34,193 | 0.05% |
| ₹10–25 crore | 14,947 | 0.02% |
| ₹25–50 crore | 5,481 | 0.01% |
| ₹50–100 crore | 2,745 | 0.004% |
| Above ₹100 crore | 829 | 0.001% |
Percentages are rounded and based on approximately 75.46 million individual returns. (Etds)
Key takeaways
51.7% of all individual tax returns report incomes below ₹5.5 lakh.
The largest single income group is ₹5.5–9.5 lakh, accounting for about 27% of all filers.
About 16.7% of individuals report incomes above ₹10 lakh.
Roughly 0.78% (about 5.9 lakh people) report incomes above ₹50 lakh.
Around 0.46% (about 3.5 lakh people) report incomes above ₹1 crore.
Only about 58,000 individuals report incomes above ₹5 crore, representing less than 0.08% of all individual filers. (Etds)
This distribution illustrates how concentrated the higher-income tax base is: while more than 7.5 crore individuals filed returns, fewer than 1 in 200 reported incomes exceeding ₹1 crore. (Etds)
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