Income Tax Return Statistics for AY 2023-24

Overview

Objective

The objective of publishing these statistics is to encourage wider use and analysis of Incometax data by Departmental personnel and academicians.

Methodology Adopted

The methodology adopted is as under:

i. The template for statistics was prepared on the basis of previous statistics published by the Department and assessment of information available in various databases of the Income Tax Department.

ii. The statistics have been generated from e-filed returns (digitally signed, e-verified or where ITRV has been received) and paper returns captured in system.

iii. In cases where more than one return is submitted, the values in the latest return have been considered.

iv. Consistency Rules were defined (given below) to eliminate returns with inconsistent data. 7,97,15,745 e-returns were checked against consistency rules and 7,97,12,145 returns meeting the consistency rules were used for statistical analysis

v. Certain statistics have been mentioned in lakh (100 thousand) and crore (10 million).

vi. Various terms used in the statistics have been defined below respective tables. 

Consistency Rules

i. Rule 1: Total Capital Gains in Part B TI = STCG (including negative) + LTCG (zero and positive only) + Capital Gain u/s 115BBH.

ii. Rule 2: Salary income is shown by Individual category of assessees.

iii. Rule 3: Gross Total Income (GTI)>=0

iv. Rule4: Gross Total Income (GTI) = Salary + Income from House Property +Nonnegative total income from Business/Profession + Non-negative total Capital Gain + Non-negative income from Other Sources - (Brought forward loss setoff + Current year
loss setoff)

v. Rule 5: Return Income = Gross Total Income (GTI) - Deduction u/s Chapter VIA – Deduction u/s 10A or 10AA (wherever applicable)

vi. Rule 6: Tax Payable>=0 

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