Archive · 27 Jul 2026
576 Indians Reported Income Over ₹100 Crore in AY 2025-26
In the financial year 2025-26, 576 people in India reported earning more than ₹100 crore, which is an increase from the previous year.
This information was shared by Pankaj Chaudhary, a minister in the Ministry of Finance.
The government does not keep track of the total wealth of taxpayers since the Wealth-tax Act was abolished in 2016.
The gap between rural and urban household consumption is getting smaller, and the unemployment rate for people aged 15 has decreased.
Additionally, the proportion of people living in poverty has reduced significantly over the past few years.
576 individuals reported gross income exceeding ₹100 crore in AY 2025-26, up from 415 in AY 2024-25.
The number of high-income earners has been increasing steadily over the past five years.
The government does not maintain data on aggregate wealth of taxpayers since the abolition of the Wealth-tax Act in 2016.
The rural-urban gap in household consumption is narrowing, with Gini coefficients of 0.237 for rural and 0.284 for urban areas in 2025-26.
The unemployment rate for individuals aged 15 has decreased from 3.6% in 2022 to 3.1% in 2025.
- Who
- 576 individuals in India
- What
- Reported gross income exceeding ₹100 crore
- When
- Assessment Year 2025-26
- Where
- India
- Why
- As revealed by MoS for Ministry of Finance, Pankaj Chaudhary, in the Lok Sabha
Economic Growth Supporters
Income Inequality Critics
Increase in High-Income Earners
Economic Growth Supporters
The increase in the number of individuals earning over ₹100 crore indicates robust economic growth and opportunities.
Income Inequality Critics
The concentration of wealth among a few individuals highlights growing income inequality.
Government's Economic Policies
Economic Growth Supporters
The government's policies have successfully reduced unemployment and poverty, fostering economic development.
Income Inequality Critics
The government should implement policies to address wealth disparity and ensure more equitable distribution of resources.
- Number of Individuals with Income Over ₹100 Crore
- 576 in AY 2025-26
- Increase from Previous Year
- 161 more individuals compared to AY 2024-25
- Gini Coefficient for Rural Areas
- 0.237 in 2025-26
- Gini Coefficient for Urban Areas
- 0.284 in 2025-26
- Unemployment Rate (Aged 15)
- 3.1% in 2025
- Proportion of Population in Multidimensional Poverty
- 14.96% in 2019-21
- People Escaped Poverty (2015-16 to 2019-21)
- 13.5 crore
Sources
Number of Indians reporting Rs 100 crore-plus income rises nearly 4x in 5 years, says govt
India Now Has 576 Individuals Reporting Rs 100 Crore+ Income: IT Data
576 individuals reported gross income exceeding ₹100 crore in AY 2025 26
Number of taxpayers reporting over Rs 100 crore income jumps 300 pc: Govt
