E-return filing doubled in last 4 years


There has been a growth in the number of e-Returns filed by the individual taxpayers during the last four years.

The number of income-tax returns filed and the annual growth rate during the last four financial years are as under:


Financial

Number of Income Tax Returns

Growth over

Year

(including revised returns) filed

previous year

by Individuals

2014-15

31,334,957

15.7%

2015-16

40,034,897

27.8%

2016-17

49,329,747

23.2%

2017-18

63,349,975

28.4%


The average net tax liability in the e-Returns filed by individual taxpayers during the period under reference is Rs. 49,656/-.

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.


Posted :
on 17 December 2018
 
Published in Income Tax
Source : ,
Views : 261



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