Returns filed by individual taxpayers increased to 6.37 crore in Assessment Year 2021-22 (financial year 2020-21) from 3.36 crore in AY 2013-14, an increase of 90 per cent over the nine-year period. Terming it as an indication of the widening of tax base due to measures taken by the Income Tax Department, the Central Board of Direct Taxes (CBDT) in a statement on Thursday said there is a “robust growth in the gross total income of individuals across different income groups”.
Around 7.41 crore returns have been filed for AY 2023-24 till date during the current fiscal, including 53 lakh new first time filers, it said. The number of returns filed by individual taxpayers increased by 32 per cent from 2.62 crore in AY 2013-14 to 3.47 crore in AY 2021-22, while in the range of gross total income of Rs 5-10 lakh, and Rs 10-25 lakh, the returns filed by individual taxpayers registered an increase of 295 per cent and 291 per cent from AY 2013-14 to AY 2021-22, respectively.
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