Union budget 2017-18: Only 76 lakh Indians showed income above Rs 5 lakh, says FM Arun Jaitley

Among the 3.7 crore individuals who filed tax returns in 2015-16, 99 lakh showed income below the exemption limit of Rs 2.5 lakh per annum; 1.95 crore showed income between Rs 2.5 lakh and Rs 5 lakh; 52 lakh showed income between Rs 5 lakhand Rs 10 lakh, and only 24 lakh people declared income above Rs 10 lakh.

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rahul mishra
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GDP Tax Collection Finance Minister Arun Jaitley Tax returns Union Budget 2017