India ultra-high-income taxpayers rise 39% to 576 in AY26

high-income taxpayers income tax wealth creation SBI Research economic growth

India has seen a significant rise in ultra-high-income taxpayers, according to an SBI Research report citing Income Tax Department data. For the 2026 assessment year (AY26), the number of individuals reporting an annual income of Rs 100 crore or more rose by 39 percent to 576, up from 415 in AY25.

The growth in the ultra-high-income bracket has been volatile but substantial; the number of taxpayers in this category has quadrupled since AY22, when there were only 142.

Similarly, the broader high-income segment—taxpayers reporting Rs 1 crore or more—grew by 14 percent to reach 5,35,672 in AY26, compared to 4,71,419 in AY25. This group has more than doubled since AY22. Analysts suggest these trends reflect increasing economic activity, business expansion, and the formalization of high-value earnings within India’s tax system.

Entities

Income Tax Department · India · SBI Research

Sources

Taxpayers earning Rs 100 crore-plus jump 39 pc to 576 in AY26: Report [www.sentinelassam.com]

25 days ago

आकलन वर्ष 2026 में 100 करोड़ रुपए से अधिक आय दिखाने वाले करदाताओं की संख्या 39 प्रतिशत बढ़कर 576 हुई रिपोर्ट | Taxpayers earning Rs 100 crore-plus jump 39 pc to 576 in AY26: Report [www.bhaskarhindi.com]

26 days ago

India Sees Surge in Ultra-High-Income Taxpayers as Rs 100 Crore-Plus Filers Jump 39 pc [businessnewsthisweek.com]

26 days ago