Latest Income Tax Returns News & Updates

India Sees Growth in High-Income Salaried Taxpayers, Report Shows

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New Delhi, Jan 7 (IANS) India’s high-income salaried class is growing at a fast pace as the share of salaried taxpayers earning more than Rs 30 lakh a year increased from 18.49 per cent in 2024 to 23.34 per cent in 2025, a new report said on Wednesday.This reflects strong upward mobility within the middle and upper-middle class, data compiled by ClearTax showed.The findings are part of ClearTax’s annual report, ‘How India Filed in 2025’, which analysed millions of income tax returns to u…