Record 7.28 crore ITRs filed till July 31, new regime a hit
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Vijay C Roy
Tribune News Service
Chandigarh, August 2
There has been a significant surge in filing of Income Tax Returns (ITRs), which resulted in a new record. Over 7.28 crore ITRs were filed for the assessment year (AY) 2024-25 by the deadline of July 31, 2024. This marks a 7.5 per cent increase compared to the 6.77 crore ITRs in AY 2023-24, filed by July 31, 2023.
The department also received 58.57 lakh individuals filing ITRs for the first time by the deadline ITRs till July 31, 2024, a fair indication of widening of tax base.
According to the data, over 72 per cent of the taxpayers have opted for the New Tax Regime this year, while the remaining 28 per cent opted for the old regime. Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in the old Tax Regime.
The filing peak was reached on the deadline day i.e., July 31, 2024 (due date for salaried taxpayers and other non-tax audit cases), with over 69.92 lakh ITRs submitted in a single day. The e-filing portal also observed its highest per hour rate of 5.07 lakh of ITR filing between 7 PM to 08 PM on July 31, 2024. The platform also recorded a peak rate of 917 filings per second on July 17 and 9,367 filings per minute on July 31. The successful logins stood at 3.2 crore on July 31, 2024.
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