
A new report by ClearTax indicates a significant rise in India's high-income salaried class, with the share of taxpayers earning over Rs 30 lakh annually increasing from 18.49% in 2024 to 23.34% in 2025. This trend suggests upward mobility within the middle and upper-middle classes. The report also highlights a shift towards diversified income streams beyond salaries, with increased filings for business, trading, and investments, particularly among younger demographics and those in the 40-50 age group.
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