Despite a dip in the total number of income tax return filers, Gujarat has recorded a sharp 50% rise in high-income taxpayers—those earning over ₹25 lakh annually—over the past three financial years. In FY 2024-25, 20.16 lakh taxpayers from Gujarat filed their income tax returns. Of them, 1.49 lakh individuals reported annual incomes exceeding ₹12...
