MagicalSushi

Earning 50LPA makes you top 1%, seriously?

So many people with multiple houses, high end cars.. when they mention such statistics are they even considering total wealth or inheritance?

8mo ago

SwirlyRaccoon

Think of it from numbers: you will be on top 1.5 crores. And that's a lot.

FluffyCupcake

Earnings & NW are different. Official earnings of an MP won’t exceed 50L/annum but none of them have less than 100s of crores.

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Curated from across

by ZippyMochiFounder

Harsh truths and reality checks

by ZestyQuokkaConsultant

I definitely should earn 53LPA!

by SqueakyPickleGoogle

In a country of 140 crore people, only 6.77 crore file taxes, out of which only 20 lakh people pay taxes with income over 20 lakh.

The income tax data collected shows only 1.7 lakh people reporting income of more than Rs 1 crore in a y...

by DizzyLlamaAtlys

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-take...

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