Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Over 3.24 Lakh Individuals Filed ITR for Income Above Rs 1 Crore in FY 2024-25
Update / Judgement Date
08 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Income Tax
Over 3.24 lakh individuals filed income tax returns for income above ₹1 crore in FY 2024-25. This data highlights the number of high-net-worth individuals in the country. The increase in the number of crorepatis filing returns could indicate economic growth and rising income levels. This information is relevant for tax policy formulation and economic analysis. It also reflects the level of tax compliance among higher income groups.
