Demonetisation: Cash deposits from Nov 9 to Dec 30, 2016

Of the cash deposited in banks between November 9 and December 30, a staggering 35% was by proprietorships, while only 2.4% was by salaried individuals. Another 22.6% was by corporate entities, while a staggering 12.5% was deposited by those who have a PAN but don’t file returns. These insights come from a taxpayer segment analysis carried out by the income tax department.

Note: This analysis is based on only reported cash transactions. Account level information without valid PAN has been excluded, while account level deposit information from banks and post offices was aggregated for the PAN