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Palak Chouhan

Only 6.68 per cent of India's population filed income tax returns in the 2023-24 fiscal year, Parliament was informed on Tuesday.
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Minister of State for Finance Pankaj Chaudhary stated that there has been an increase in the filing of income tax returns, with over 8.09 crore returns filed in the 2023-24 fiscal year, up from over 7.40 crore in 2022-23. In FY22, the number of returns filed was over 6.96 crore, compared to over 6.72 crore in FY21 and over 6.48 crore in FY20.
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"In FY 2023-24, the percentage of the population filing income tax returns is 6.68 per cent. (In FY 2023-24, the total number of individuals filing income tax returns is 8,09,03,315)," Chaudhary said in a written reply to the Rajya Sabha.
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He also mentioned that the total number of individuals reporting zero taxable income in their income tax returns for the Assessment Year 2023-24 is 4.90 crore, up from 4.64 crore in 2022-23.

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New Delhi

Only 6.68 pc of Indians filed income tax returns in FY24

'6.68':2 'filed':6 'fy24':11 'in':10 'income':7 'indians':5 'of':4 'only':1 'pc':3 'returns':9 'tax':8

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only-6-68-pc-of-indians-filed-income-tax-returns-in-fy24

Only 6.68 pc of Indians filed income tax returns in FY24

News Arena Network - New Delhi - UPDATED: December 17, 2024, 04:52 PM - 2 min read

In FY 2023-24, the percentage of population that files Income Tax Return is 6.68 per cent.

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only-6-68-pc-of-indians-filed-income-tax-returns-in-fy24

Only 6.68 pc of Indians filed income tax returns in FY24

News Arena Network.css-tak1o8-MuiTypography-root{margin:0;color:grey;} - New Delhi - UPDATED: December 17, 2024, 04:52 PM - 2 min read

In FY 2023-24, the percentage of population that files Income Tax Return is 6.68 per cent.

TOP CATEGORIES

QUICK LINKS

News Arena Network - New Delhi - UPDATED: December 17, 2024, 04:52 PM - 2 min read