Income tax return filings for FY25 have reached an all-time high of 83.9 million by December 31, 2024, showing a 4% increase compared to the previous year. This growth is attributed to enhanced taxpayer services, such as pre-filled ITRs and improved Form 26AS, alongside a broader tax net capturing more transactions. Stricter enforcement and corporate tax cuts have also encouraged greater compliance, reflecting a growing tax base and improved digital tax infrastructure.
The total number of income tax returns (ITRs) filed in FY25 reached a record 83.9 million by December 31, 2024, marking a 4% increase from the previous year, according to government data.
Key Trends in ITR Filings
Consistent Growth: ITR filings have steadily increased over the last five years:
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FAQ :
A record 83.9 million ITRs were filed in FY25 by December 31, 2024.
There was a 4% increase in ITR filings in FY25 compared to the previous year.
In FY25, 55.7 million ITRs reported zero tax liability.
Measures include enhanced taxpayer services like new Form 26AS and pre-filled ITRs, expanded TDS/TCS coverage, stricter enforcement under various laws, and corporate tax cuts.
It highlights India's growing tax base, enhanced digital tax infrastructure, and improved tax compliance.