Only 1.7 lakh people declared income over ₹50 lakh
Finance Minister Arun Jaitley while presenting the Union Budget on Wednesday revealed that  3.7 crore individuals filed tax returns for 2014-15, amongst which only 1.7 lakh people declared income over ₹50 lakh. Only 24 lakh showed their income above ₹10 lakh, he added. Amongst all the individuals who filed the return, 99 lakh showed income below the exempted limit.