Who are these people with 100cr + Salaries?!!

While the starting salaries and salaries at <10 yoe have really sky rocketed and this is good for the ecosystem, wanted to understand what happens to salaries in tech/product post 15 yoe+. I’m curious about this especially because it doesn’t tie up with income tax data. Assuming seniors leaders in tech and product would be making 1 cr+ easily and most of these would have formal streams of income that can’t be hidden easily, income tax department reports only around 1.3 lakh individuals (2 year old data though) who had taxable income above 1 cr. Even if the number has risen to 2 lakhs now, it still doesn’t tie back to the stories here of many people making above 1 cr. Is the income tax data wrong or are the salaries plateauing at around 80-90L or have people found some amazing ways of saving tax. Just curious!

I definitely should earn 53LPA!

The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-takes-to-be-in-the-1-around-the-world/articleshow/74057315.cms Now, based on new data, you need to have assets of around $175k. Approx 150% rise in 3 yrs! Link for the same - https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html Is anyone here in top 1%?

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

in your organisation, who are the people who actually make more than a crore (in cash, ESOP not included). I am trying to validate the stuff I hear from my friends that every other guy in startups is making butt loads of monies and I look around and find even getting a 30-40+ Lacs job is demanding and not flying by the minute

You all might obviously guess that I'm speaking about the other two posts in which each of them in their early 20s making 50+ LPA and 70+ LPA respectively. Honestly curious, how do these guys get paid so much? I feel like salaries in IT industry are heavily inflated. I'm from EEE background, trying so hard to find a job in Data field. I've previously worked in my field for 3 years, but the growth seemed pretty less in the long run, hence the switch. Finding a job as a fresher (in IT industry) is so hard man. I'm mainly looking for the startups. They either ask for experience, or the pay is very similar to what I made previously in my field. (which is <10 LPA). Above all, I'm not even getting responses from companies for my applications. So yeah, how do people in their 20s make so much in the IT industry? Is it only FAANGand big corps or applicable to startups as well (like unicorns etc)???

Non taxpayers can also comment how to avoid paying taxes