7.41 CRORE ITRS FILED FOR AY 2023-24, INCLUDING 53 LAKH FIRST-TIME FILERS

The Income Tax Department's focus on various measures to ensure ease in compliance of taxpayers and transparent tax administration is reaping a rich dividend for the Government in terms of showcasing India's robust and efficient tax administration amidst increasing global interest in India's institutional transparency. 

- NIVEDITA MUKHERJEE

The Department's Time Series Data of Direct Taxes and Income Tax Return statistics, in various tranches, from time to time shows a significant upswing in returns filed by individual taxpayers from 3.36 crore in assessment year (AY) 2013-14 to 6.37 crore in AY 2021-22 registering an overall increase of 90 per cent. During the current fiscal too, 7.41 crore returns have been filed for AY 2023-24 till date, including 53 lakh new first time filers, a sign of the widening of tax base.