Interactive: Compare your income with other taxpayers

October 17, 2019 05:08 pm | Updated 06:28 pm IST

Photo for representation.

Photo for representation.

As many as 5.52 crore individual income taxpayers filed their returns in Assessment Year (AY) 2018-19, 18% higher than the previous AY, according to the Income Tax Department’s tax data released recently . The figure stood at 4.66 crore in AY 2017-18.

Individuals owed a total of ₹3.17 lakh crore in income tax in AY 2018-19 -- about 16% higher than the previous year.

Do you want to compare your annual income before tax with that of other taxpayers? Just enter your annual income in the box below and click ‘Go’ or hit ‘Enter’.

 

If you are not able to view the visualisation, please click here .

The biggest chunk of income tax returns filers, about one in four, declared their annual income to be in the range of ₹2.5 lakh-3.5 lakh.

About one in five taxpayers (20.2%) declared their annual income to be in this range of ₹5.5-9.5 lakh per annum..

Just 0.002% of the total number of taxpayers declared that their annual income before tax was above ₹1 crore, while just three individuals declared that their income was above ₹500 crore.

It is to be noted that the above figures indicate income before the deductions are factored in. If deductions are taken into account, the taxable income of the three individuals falls to the previous bracket (₹100-500 crore).

A look at the taxpayer break-up after deduction shows that the taxable income of 2.2 crore individuals (40%) falls to 0. Here's a split of taxpayers by their taxable income.

 

The amount of personal income tax collected has increased over the years, but in this FY, the rate of growth in the amount collected has decreased. The rate of personal income tax collected increased by 12.68% in FY19 compared to FY18, but in FY18, it had increased by 20.14% compared to FY17.

 

It is to be noted that figures for FY19 are provisional/unaudited.

 

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.