How many professionals in India have declared annual income of ₹1 crore from their profession in their tax returns? About 2200. This was clarified in a series of tweets by the income tax department, sharing income tax return data for the financial year 2018-19.
“In the ITRs filed by individuals in current financial year, only about 2200 doctors, chartered accountants, lawyers and such other professionals have disclosed annual income of more than Rs.1 crore from their profession (excluding other incomes like rental,interest,capital gains etc),” Income Tax department tweeted.
Prime Minister Narendra Modi had on Wednesday urged people to pay their taxes for the development of India. The Prime Minister lamented that when a number of people did not pay tax and found ways to evade it, “the burden falls on those who honestly pay their dues”. He said it was unbelievable but true that only 2,200 people in the country had declared earnings of ₹1 crore per annum.
“Certain misinformation is being circulated in Social Media pertaining to individual return filers,” the Income Tax Department tweeted.