CBDT clarifies on misinformation pertaining to individual return filers



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The Central Board of Direct Taxes (CBDT) has issued a clarification addressing misinformation circulating on social media regarding individual income tax return filers. The CBDT stated that out of 5.78 crore individuals who filed returns for the financial year 2018-19, a significant portion, 4.32 crore, disclosed income up to Rs 5 lakh. Following the Finance Act 2019, these individuals are exempt from paying income tax for the current financial year 2019-20 and onwards, meaning only approximately 1.46 crore individuals are liable to pay income tax.

Certain misinformation is being circulated in Social Media pertaining to individual return filers. 

CBDT gave following clarification on the same:

During the current financial year, 5.78 crore individuals filed returns disclosing income of financial year 2018-19. Out of these,1.03 crore individuals have shown income below Rs 2.5 lakh & 3.29 crore individuals disclosed taxable income between Rs.2.5 lakh to Rs.5 lakh.

Out of 5.78 crore returns filed during this financial year,4.32 crore individuals have disclosed income upto Rs 5 lakh. The Finance Act, 2019 has exempted individual tax payers having income up to Rs 5 lakh. Therefore, these 4.32 crore individual tax payers having income up to Rs 5 lakh shall not be liable to pay tax for the current financial year 2019-20 and subsequent years. Hence, only around 1.46 crore individual tax payers are liable to pay income-tax.

Futher, around 1 crore individuals disclosed income between Rs. 5-10 lakh and only 46 lakh individual tax payers have disclosed income above Rs.10 lakh. Only 3.16 lakh individual tax payers have disclosed income above Rs 50 lakh. 

The number of individual tax payers who have disclosed income above Rs 5 crore in the whole of the country is only around 8,600. In the ITRs filed by individuals in current financial year,only about 2200 Doctors,Chartered Accountants, Lawyers &such other professionals have disclosed annual income of more than Rs.1crore from their profession(excluding other incomes like rental,interest,capital gains etc)

FAQ :

The CBDT is clarifying misinformation circulating on social media about individual income tax return filers.

In the current financial year, 5.78 crore individuals filed returns disclosing income for the financial year 2018-19.

Out of 5.78 crore returns filed, 4.32 crore individuals disclosed income up to Rs 5 lakh.

No, due to the Finance Act 2019, individual taxpayers with income up to Rs 5 lakh are exempt from paying income tax for the current financial year 2019-20 and subsequent years.

Approximately 1.46 crore individual taxpayers are liable to pay income tax.

Only about 2,200 doctors, chartered accountants, lawyers, and similar professionals disclosed annual income exceeding Rs 1 crore from their profession, excluding other income sources.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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