Average Income

About 4.98 crore ITRs (income tax returns) have already been processed by the tax department, and intimations sent to taxpayers. Of this, 3.92 crore ITRs were processed in less than 15 days

The income gap between states is growing and the pain of inflation is worse for those falling behind

Students joining a professional course at a top-notch college will find it easier to get approval

There was also a significant rise in number of people who declared their income between Rs 10 lakh and Rs 1 crore, data from the Finance Ministry showed

"You need the productive growth because it's the only way in which incomes are going to grow but you need a lot more job growth and it can be achieved," he said.

Fuel taxes give a bonanza to the government, but also dent the affordability for low income earners

More than 15 million Indians lost their jobs in May alone; legions of them see their economic toehold ripped away in lockdowns.

Switzerland, where the average wage converted into rupees amounts to Rs 4,49,000 ($5,989), topped the ranking, while in Cuba the average wage is the lowest at Rs 2,700 ($36)

Income skew has risen, with average annual income of I-T filers in the lowest slab declining by Rs 20,000, and average crorepati income seeing an incremental income of Rs 1 million in two years