Only 61 individuals declared gross income of over Rs 100 cr in AY2017-18

NEW DELHI: There were only 61 individuals who declared an income of more than Rs 100 crore during assessment year 201718, though the number has risen sharply from 38 in the previous year, said Minister of State for Finance Pon Radhakrishnan said. The number of individuals disclosing a gross total income of more than Rs 100 crore in a year in his/her return of income filed with the Income Tax Department was 24 in assessment year 2014-15 and since then it has been steadily rising.