The earnings tax division, on Tuesday, mentioned a report 6.77 crore earnings tax returns for the evaluation yr 2023-24 have been filed until July 31, together with 53.67 lakh first-time filers.
“The overall variety of ITRs for AY 2023-24 filed until thirty first July 2023 are greater than 6.77 crore, which is 16.1 per cent greater than the overall ITRs for AY 2022-23 (5.83 crore) filed until thirty first July 2022,” the earnings tax division mentioned in an announcement.
July 31 was the final date for submitting earnings tax returns by salaried taxpayers and people who don’t must get their accounts audited for earnings earned within the 2022-23 fiscal.
The submitting of ITRs peaked on July 31, 2023, (the due date for salaried taxpayers and different non-tax audit circumstances), with over 64.33 lakh ITRs being filed on a single day.
The division additionally acquired 53.67 lakh ITRs until July 31, 2023, from first-time filers, a good indication of the widening of the tax base, the division added.
Of the 6.77 crore ITRs, 5.63 crore returns have been e-verified, out of which greater than 5.27 crore are by means of Aadhaar-based OTP (94 per cent).
Of the e-verified ITRs, greater than 3.44 crore ITRs for AY 2023-24 have been processed (61 per cent) by July 31.
The e-filing helpdesk crew dealt with roughly 5 lakh queries from taxpayers in July. The help from the helpdesk was supplied to taxpayers by means of inbound calls, outbound calls, stay chats, Webex and co-browsing periods, the division mentioned.
Out of the 6.77 crore ITRs filed for AY 2023-24, 49.18 per cent are ITR-1 (3.33 crore), 11.97 per cent are ITR-2 (81.12 lakh), 11.13 per cent are ITR-3 (75.40 lakh), 26.77 per cent are ITR-4 (1.81 crore) and 0.94 per cent are ITR-5 to 7 (6.40 lakh).
Over 46 per cent of those ITRs have been filed utilizing the web ITR utility accessible on the e-filing portal, and the stability has been filed utilizing offline ITR utilities.
