PM Narendra Modi's Taxable Income Doubles To Rs 23.5 Lakh: Election Affidavit

Prime Minister Narendra Modi's taxable income doubled from Rs 11 lakh in the year-ended March 2019 to Rs 23.5 lakh in FY23, according to his affidavit filed for contesting the Lok Sabha election from Uttar Pradesh's Varanasi. Modi hasn't declared any immovable assets, while the gross total value of his movable assets is worth Rs 3.2 crore.

The affidavit shows that the Prime Minister has declared Rs 52,920 in cash and fixed deposit receipts worth Rs 2,85,60,338, but doesn't own any vehicle, land or a residential flat.

The BJP candidate from Varanasi also has four gold rings worth Rs 2,67,750.

Modi holds two savings bank accounts with the State Bank of India. He has deposited Rs 73,304 in the Gandhinagar branch of the state-run lender, while the Varanasi branch account holds Rs 7,000.

Modi, contesting for a third term from Varanasi, faces BSP's Ather Jamal Lari and Congress' Ajay Rai in the election to be held on June 1. Rai challenges Modi for the third time.