In line with a Instances of India report, which cites knowledge shared by the Ministry of Finance within the Lok Sabha, multiple in 5 revenue tax filers in Karnataka declared an annual revenue between ₹12 lakh and ₹50 lakh.
This places the state on the prime of the nationwide record, forward of Telangana and Jharkhand.
The info reveals that 20.6% of tax filers in Karnataka earn no less than ₹1 lakh per thirty days, making it the state with the most important proportion of people on this bracket. Officers mentioned Bengaluru's increasing IT, startups, companies, and monetary sectors play a significant position in driving this focus of excessive earners.
Telangana adopted with 19.8% of taxpayers in the identical revenue vary, whereas Jharkhand stood at 19.5%. Tamil Nadu (18.8%) and Delhi (17.6%) rounded out the highest 5. Puducherry (17.4%), Odisha (16.8%), Maharashtra (16.2%), Andhra Pradesh (15.9%) and Uttarakhand (14.2%) have been additionally among the many prime 10.
On common, 14.1% of taxpayers throughout India report incomes between ₹12–50 lakh. Curiously, Gujarat, regardless of its excessive stage of financial exercise, was on the backside of the record, which officers mentioned could possibly be as a consequence of a broader and better general tax base within the state.
