14 lakh Indians have annual income over ₹10 lakh
According to government data, 14 lakh individuals or 4.8% of the total 2.89 crore assessees in India declared an annual income of over ₹10 lakh, attracting the highest tax bracket of 30%, in assessment year 2012-13. Further, 1.63 crore (56.4%) did not pay taxes, while 1.51 crore individuals whose tax was deducted at source, did not file returns.