India’s Ultra‑Rich Taxpayer Count Quadruples Since 2022

The ultra‑rich category—taxpayers with incomes exceeding ₹100 crore—has expanded from just 142 individuals in AY 2022 to 576 in AY 2026, a four‑fold increase. After a dip in AY 2024, the numbers rebounded sharply, rising from 301 in AY 2023 to 415 in AY 2025 and then to 576.

This rapid escalation signals a significant shift in wealth distribution, with a growing share of the population moving into the highest income bracket.