Only 6.68% citizens filed I-T returns in 2023-24

Only 6.68 per cent of India’s population filed income tax returns in 2023-24 fiscal, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary said there is an increase in filing ITR as over 8.09 crore income tax...

PTI

New Delhi, Updated At : 08:02 AM Dec 18, 2024 IST

Only 6.68 per cent of India’s population filed income tax returns in 2023-24 fiscal, Parliament was informed on Tuesday.

Minister of State for Finance Pankaj Chaudhary said there is an increase in filing ITR as over 8.09 crore income tax returns were filed in 2023-24, up from over 7.4 crore in 2022-23. In FY22, the number of ITRs filed was over 6.96 crore, up from over 6.72 crore in FY21 and over 6.48 crore in FY20.

“In FY 2023-24, the percentage of population that files income tax return is 6.68 per cent. (In FY 2023-24, the total number of persons filling income tax return is 8,09,03,315),” Chaudhary said in a written reply to the Rajya Sabha.

He further said the total number of individuals reporting zero taxable income in their ITRs is 4.9 crore in assessment year 2023-24, up from 4.64 lakh in 2022-23.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

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