Rising incomes! Average gross total income for individual taxpayers rises to Rs 7 lakh

The average gross total income of individual taxpayers in India has witnessed a significant increase, according to the Central Board of Direct Taxes (CBDT). In assessment year 2021-22, the average gross total income rose by 56% to Rs 7 lakh, a considerable jump from Rs 4.5 lakh in assessment year 2013-14.

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