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PM's Assets Grew By Half In 5 Years, Tax Department Owes Him Rs 85,000

Lok Sabha elections 2019: Prime Minister Narendra Modi's movable assets nearly tripled from Rs 51 lakh in 2014 to Rs 1.41 crore this year

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PM's Assets Grew By Half In 5 Years, Tax Department Owes Him Rs 85,000

General elections 2019: PM Narendra Modi filed his election papers from Varanasi on Friday


New Delhi: 

Highlights

  1. PM Modi declared total assets of Rs. 2.51 crore in his election affidavit
  2. Main sources of PM Modi's income are his salary and bank interests
  3. PM Modi does not have any criminal case against him

Prime Minister Narendra Modi's total assets grew 52 per cent since 2014. He declared total assets of Rs 2.51 crore in his affidavit with the Election Commission when he filed his nomination on Friday from Varanasi constituency for the Lok Sabha election.

In 2014, he had declared total assets of Rs 1.65 crore.

The Prime Minister's movable assets nearly tripled from Rs 51 lakh in 2014 to Rs 1.41 crore this year. He declared immovable assets worth Rs 1.1 crore on Friday.

The main sources of PM Modi's income are his salary and interest received on bank deposits. The Prime Minister had Rs 38,750 in hand as on March 31 this year.

He declared no liabilities, though the income tax department owes him a projected returns of Rs 85,145 and the Prime Minister's Office has to give him Rs 1,40,895.

PM Modi has a balance of Rs 4,143 in a State Bank of India account in Gandhinagar, Gujarat. He owns a property in Gandhinagar that he bought in 2002 for Rs 1,30,488; its current market value is approximately Rs 1.1 crore.

In the last five financial years, PM Modi declared his annual income as Rs 19.92 lakh (2018), Rs 14.59 lakh (2017), Rs 19.23 lakh (2016), Rs 8.58 lakh (2015) and Rs 9.69 lakh (2014).

PM Modi in his affidavit said he does not have any criminal case against him. His holds a Master of Arts degree from Gujarat University, Ahmedabad, according to his affidavit.

The Congress has fielded Ajay Rai from Varanasi. In the 2014 election, he polled 75,000 votes, a fraction of PM Modi's 5.8 lakh.

Congress chief Rahul Gandhi had also declared his assets on April 5; it rose from Rs 9.4 crore to Rs 15.88 crore over the last five years. Mr Gandhi's affidavit showed he does not own a car and has liabilities of around Rs 72 lakh. He has Rs 40,000 in-hand cash.



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