Indians Ditch Salary-Only Income: ITR-2, ITR-3 Filings Surge, ClearTax Reveals
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News18•07-01-2026, 13:03
Indians Ditch Salary-Only Income: ITR-2, ITR-3 Filings Surge, ClearTax Reveals
- •ClearTax data shows ITR-2 (investments) filings rose 17% and ITR-3 (business/trading) surged 45.4% year-on-year.
- •Indians are diversifying income beyond salary, driven by a changing mindset towards multiple income sources.
- •Age group 25-35 leads ITR-3 filings (42.3%), showing early market exposure among young taxpayers.
- •Under-25 taxpayers increasingly file ITR-2 for investment income, marking a generational financial shift.
- •Concern: Female participation drops significantly in the 40-50 high-earning bracket, posing a mid-career challenge.
Why It Matters: Indians are rapidly diversifying income beyond salaries, with young generations embracing investments and business.
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