Only 10 lakh earning over Rs 10 lakh a year declare income

NEW DELHI: There are just over 10 lakh income tax assesses in India declaring income in excess of Rs 10 lakh a year, data released by the government showed.

There were less than 20,000 assesses in 2012-13 declaring income in excess of a Rs 1 crore a year. Of
the 3.1 crore returns filed in the year, maximum 20 lakh were in the tax bracket Rs 5.5-9.5 lakh.

The Income Tax Department has released Time Series Data for Financial Year 2000-01 to 2014-15 to encourage wider use and an ..