New Delhi, July 27 (IANS) The number of taxpayers declaring annual income of more than Rs 100 crore has nearly quadrupled over the past five years, the government informed Parliament on Monday.In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 576 individuals reported annual incomes exceeding Rs 100 crore in Assessment Year (AY) 2025-26, up from 142 in AY 2021-22 — an increase of about 300 per cent during the period.The number of such high-income taxpayers …
Latest Gini coefficient News & Updates
New Delhi, Jan 10 (IANS) Without a shift in the policy framework, inequality will remain entrenched in Bangladesh as there is still no sign of meaningful change in supporting policies in the country, a new report has stressed.The top 1 per cent now hold 24 per cent of the total wealth and pocketed 16 per cent of the national income in 2024, according to the ‘World Inequality Report’.Ahsan Habib writes in The Daily Star that in Bangladesh, the tax system remains stubbornly regressive.“The c…